Know More About Insurance Chiropractor!
These days, more and more people are striving hard to hire the services of experienced chiropractors when experiencing a lot of pain and aches in the body. At times, besides othet treatment practices, chiropractor treatments by Highland Park Chiropractic also offer relief from cronic pains. People who have suffered serious accidents or aged people prefer this line of treatment as it has no side effects. Sometimes, the treatment goes on for a long time and a lot of money is also spent on it. One needs to know more about insurance cover before embarking on a treatment.
Especially when you don't know the rules of the game you are playing, beating the insurance companies at their own game is tough work. Insurance Chiroprator must be looked into when planning to get a treatment done.
Strategy Review
In most cases once they receive it, insurance companies have 45 days to process the claim. Remember, from interest earned on your money, they make up to 50% of their profit. From patients, not just premiums they have collected. In four basic flavors, the insurance company strategy comes.
1. Submission of Delay claim
2. Submission of Prevent claim
3. Extend the "processing" time.
4. From the doctor, take the money they paid back.
Method #1 - Gain The Power for Making The Rules
In two main ways, in a free market power is gained.
1. Monopoly is the first method. When a monopoly occurs, the government is very concerned. If you remember when Microsoft was accused of having built a monopoly, and it spent millions defending itself in court. A Microsoft operating system, at the time almost every computer in the country was using. When there is only one supplier of a good or a service, a monopoly occurs. Supplier sets the price, when this is the case. They can unfairly raise the price, since there is no competition. People can be taken advantage of, when the good or service is something that is a basic need. The government steps in, for this reason.
2. An Oligopoly is the second and less known way. In short in reverse, it is a monopoly. There is only one buyer, rather than one supplier. You would dictate what you would pay, if you were the only one paying for a good or service. Making them the only buyer, 70% of insured who live in the US are covered by only three insurance plans effectively. What they will pay the doctors, how long it will take to pay is dictated by them, and even shift the burden onto the patients. They get to make the rules. Not as likely to step in the middle here is the government and an oligopoly exists, it is difficult to prove. By consolidation, they do this. All the time, this is the reason we see insurance companies buying each other up.
Especially when you don't know the rules of the game you are playing, beating the insurance companies at their own game is tough work. Insurance Chiroprator must be looked into when planning to get a treatment done.
Strategy Review
In most cases once they receive it, insurance companies have 45 days to process the claim. Remember, from interest earned on your money, they make up to 50% of their profit. From patients, not just premiums they have collected. In four basic flavors, the insurance company strategy comes.
1. Submission of Delay claim
2. Submission of Prevent claim
3. Extend the "processing" time.
4. From the doctor, take the money they paid back.
Method #1 - Gain The Power for Making The Rules
In two main ways, in a free market power is gained.
1. Monopoly is the first method. When a monopoly occurs, the government is very concerned. If you remember when Microsoft was accused of having built a monopoly, and it spent millions defending itself in court. A Microsoft operating system, at the time almost every computer in the country was using. When there is only one supplier of a good or a service, a monopoly occurs. Supplier sets the price, when this is the case. They can unfairly raise the price, since there is no competition. People can be taken advantage of, when the good or service is something that is a basic need. The government steps in, for this reason.
2. An Oligopoly is the second and less known way. In short in reverse, it is a monopoly. There is only one buyer, rather than one supplier. You would dictate what you would pay, if you were the only one paying for a good or service. Making them the only buyer, 70% of insured who live in the US are covered by only three insurance plans effectively. What they will pay the doctors, how long it will take to pay is dictated by them, and even shift the burden onto the patients. They get to make the rules. Not as likely to step in the middle here is the government and an oligopoly exists, it is difficult to prove. By consolidation, they do this. All the time, this is the reason we see insurance companies buying each other up.