The Doctor or Hospital Tax ID Number is SUPER Important... Why?? Because the Tax ID Determines Payment... of course. 😉
The Tax ID Number is referred to in healthcare as the TIN... pronounced like 'tin' the metal.
Each physician's practice, hospital system, etc. has their own TIN. It is like the 'license plate' for the organization.
The TIN is listed on the claim sent to the insurance company. The insurance company then correlates the TIN with the appropriate contract for that practice, which then dictates reimbursement.
Private Equity firms and physician practices strategically use the TIN to increase reimbursement by 'rolling up' multiple physician practices into one company and then billing all the claims for all the practices with the TIN for the one practice that has the highest reimbursement rate.
Aetna has sued physician group Radiology Partners for allegedly using this approach in Florida.
Also, UHC has sued Radiology Partners for allegedly using this approach in Texas.
Whether or not the 'Roll Up' of physician practices under one high-paying TIN is a 'scam' or 'fair' is not the real issue.
The real issue is that these prices are hidden from the ultimate payer of the claims... Patients and Employers. Make the prices transparent and let the market decide.
Sources at AHealthcareZ YouTube Channel.
#Healthcare #HealthInsurance #EmployeeBenefits
The Tax ID Number is referred to in healthcare as the TIN... pronounced like 'tin' the metal.
Each physician's practice, hospital system, etc. has their own TIN. It is like the 'license plate' for the organization.
The TIN is listed on the claim sent to the insurance company. The insurance company then correlates the TIN with the appropriate contract for that practice, which then dictates reimbursement.
Private Equity firms and physician practices strategically use the TIN to increase reimbursement by 'rolling up' multiple physician practices into one company and then billing all the claims for all the practices with the TIN for the one practice that has the highest reimbursement rate.
Aetna has sued physician group Radiology Partners for allegedly using this approach in Florida.
Also, UHC has sued Radiology Partners for allegedly using this approach in Texas.
Whether or not the 'Roll Up' of physician practices under one high-paying TIN is a 'scam' or 'fair' is not the real issue.
The real issue is that these prices are hidden from the ultimate payer of the claims... Patients and Employers. Make the prices transparent and let the market decide.
Sources at AHealthcareZ YouTube Channel.
#Healthcare #HealthInsurance #EmployeeBenefits