Claims Software Can Ease Manual Processes Related to Treating Medical Tourists from Outside the U.S.

The following is a guest article by Rob Stuart, Founder and President at Claim.MD Medical tourism is big business for leading hospitals and health centers around the world. In the United States, the overwhelming perception is that American patients seek treatment in Mexico, Turkey, Singapore, and other places to save money over what they’d pay for the same treatments. But the U.S. has been named the top worldwide medical tourism destination. Because many people don’t proclaim themselves as medical tourists on travel documents, reliable statistics on the prevalence of medical travel are scarce. However, a 2017 survey lists medical tourism as an $11 billion business. The United States is listed as the top medical travel destination, earning 36 cents for every dollar spent. Medical travel accounts for nearly 2% of all tourism to America, a $4 billion industry. At a time when operating margins for hospitals remain anemic, every revenue dollar takes on increased importance, but submitting medical claims internationally can be a tedious and time-consuming process. More efficient claims processes can increase profits on medical tourists while creating more efficient workflows. Lack of Interoperability Brings Labor-Intensive Workflows Despite the high costs of healthcare in the United States relative to other nations, the country is known for its cutting-edge and innovative treatments. Several nations send patients to the United States for surgeries and treatments they cannot get...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Administration Ambulatory C-Suite Leadership Health IT Company Healthcare IT Revenue Cycle Management Claim.MD Claims Software CPT Codes DRG Codes Healthcare Claims International Healthcare Claims Interoperability Medical Tourism Source Type: blogs