How does treating injured workers affect your practice’s finances?

Given the complexities of workers’ comp billing and payment, it can be hard to find an answer to that question—and even harder to find an answer in which you can have total confidence.

In our experience sending millions of providers’ workers’ comp bills through daisyBill annually, we’ve seen that without crystal-clear revenue analytics, treating injured workers can become a financial liability.

For providers, workers’ comp consumes too much time, resources, and person-power to leave revenue management to chance. That’s why we’re hosting a free, live webinar on the financial benchmarks every practice should monitor.

Webinar Details: Financial Benchmarks for Workers’ Comp

Workers’ Comp Providers - Essential Financial Benchmarks
Wednesday 1/22/2025
10AM Pacific

SIGN UP HERE

Workers’ comp is very different from Medicare or private health plans. The differences are numerous, but it all comes down to one primary distinction: workers’ comp billing and payment are a thousand times more complicated.

This means practices must pay special attention to workers’ comp reimbursement metrics—or risk being paid at Medicare rates (or less) for treating injured workers.

Besides keeping track of payment amounts and deadlines, providers who treat injured workers must also analyze the impact of discount contracting entities like Preferred Provider Organizations and network payers—all of which can (quietly) put a significant drag on revenue.

Moreover, with strict deadlines and formats for appeals, workers’ comp providers and their staff must know when to dispute denials and reductions—and keep track of how much revenue actually depends on consistently submitting appeals month after month. The results can be staggering.

The unfortunate reality of workers’ comp is that providers in many states are faced with onerous billing regulations, failure of which to follow to the letter results in loss of payment by default.

Claims administrators, meanwhile, enjoy much more leeway (depending on the state), and have vastly greater resources with which to manage—and limit—the amounts paid out to providers.

The deck is stacked. Even the odds with efficient (and surprisingly easy) revenue analytics and management. We’ll show you how on January 22, 2024. 

Providers, practice administrators, and third-party billers, sign up today and secure your seat!

Get a handle on the metrics to follow for better workers’ comp revenue management. Sign up for our free webinar below.

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