3/2/2024 0 Comments Synergy gym biling“The uniqueness of FQHC billing lies in the fact that it requires a partnership. Working exclusively for FQHCs, Synergy Billing meets their needs comprehensively through their turnkey billing solution, which includes front desk training, compliance monitoring, and a white glove credentialing service. The net-effect is that health care costs continue to rise and FQHCs don’t have the money to serve the patients in their community. Medical claim denial rates are steadily increasing, distorting healthcare providers’ revenue cycle and, in turn, impacting their operational effectiveness. When a claim has an error or requires an appeal the estimated cost is $25 in administrative cost to correct it. It isn’t a conspiracy but the simple truth is that insurance companies make it increasingly difficult to get claims paid. Insurance Companies Don’t Make Money When They Pay Claims Florida based Synergy Billing has made it their mission to make sure FQHCs have the resources they need to serve their communities. An astonishing number that leaves more than half of America’s health centers with less than 30-days of cash-on-hand to operate their business and serve the most vulnerable populations in America. In 2020 more than 29 million individuals sought care from FQHCs but collected less than 70% of possible reimbursement. Health centers serve 1 in 11 people across the country, and they lead the nation in driving quality improvement and reducing health care costs for America’s taxpayers. Jayson Meyer, CEO If you are like most you probably haven’t heard of a Federally Qualified Health Center (also known as FQHCs or CHCs) but for more than 55 years, FQHCs, have delivered affordable, accessible, quality, and value-based primary health care to millions of people regardless of their ability to pay.
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