What is the Prime Purpose of Medicare Repricing?
Medicare and Medicaid repricing systems make healthcare payers capable to efficiently manage healthcare provider data and automate claims pricing by leveraging its adaptive, rules-driven architecture. Medicare claims repricing’s purpose is to reduce, pre-negotiated rates to providers in the healthcare networks. What is Medicare Claims Repricing? Medicare claims repricing refers to the application of the contract terms to the billed charges. Contract terms mean the contract between the hospital system or physician practice and the insurance network. The billed charges are from the hospital system or the physician group. How Does Medicare Claims Repricing Work? There are numerous ways for Medicare claims repricing. Many claims repricing strategies are there for different types of plans. The preferred provider organization (PPO) for health insurance claims repricing is among the most commonly used solutions. In this solution, a fixed fee structure is applied to...