There are a lot of ways that medical institutions lose money. Some people might be unaware of it but huge losses root from minimal losses that come uncontrolled. When a facility fails to have effective medical billing services to the public and are unable keep the balance between the in and out of funds, they will need to reevaluate the situation to come across key points they’ve been missing from the start.
Here are 5 common factors that make hospitals lose their profit:
Failure to Check Eligibility
An eligibility check is usually done in the initial phase. If the representative …