When speaking to our clients, most of them know their payer mix.Ī payer mix is a listing of the different healthcare insurances your patients use. But which are they actually using? Of course, I'm referring to what's known within the industry as a "payer mix." There are hundreds of thousands of insurance options your patients can choose from. Some of those responsibilities include patient care, coding, and keeping track of healthcare requirements.Įnsuring your team is submitting patient claims on time is another important responsibility you need to know. With a small amount of extra effort, you can lower your timely filing denial rate even more.Ĭhances are, you and your staff already have a ton of work to complete on a daily basis. As a simple example for reference, 0.01% of $3,000,000 is $30,000.įurthermore, that percentage is only true if you have all of those payers and submit an equal amount of claims to each. If the deadline isn’t 180 or 365 days then there’s a 56% chance that the limit is 90 daysīy submitting your claims within 90 days the chances that you receive a claim denial related to timely filing is 0.01%.Ī 0.01% chance stacks the odds in your favor, although that percentage can still have a significant negative effect on your bottom line if you aren't vigilant. If the deadline isn’t 180 days then there is a 46% chance that their limit is 365 days There is a 34% chance that an insurance company has a deadline of 180 days The two most popular timeframes are 180 days and 360 days In case, you’re looking for some additional information, feel free to contact us or comment below.From the bar graph and statistical data above we can conclude that… In this article, I have mentioned everything you need to know about timely filing limit along with the timely filing limit of all major insurances in United States. So it’s advisable to check the details of the individual policy or contract for the exact time frame. However, this can vary based on the specific plan, contract, or state. What is Aetna timely filing limit for claims?Īetna’s timely filing limit for claims is typically 90 days from the date of service. Also ask your accounts receivable team to follow up on claims within 15 days of claim submission. If insurance company allows electronic submission then submit claims electronically and keep an eye on rejections. To avoid timely filing limit denial, submit claims within the timely filing limit of insurance company. How to avoid from claim timely filing limit exhausted? What if claim isn’t sent within the timely filing limit?įailing to submit a claim within the timely filing limit may result in the claim being denied with a denial code CO 29, so it is important to be aware of the deadline and submit the claim promptly. All claims must be sent within 95 days of the date of service(s). Medical Billing Services Starting 2.49% – Get A Quote Notice: New Timely Filing Limit Requirement for AetnaĮffective May 1, 2023, the Aetna Texas timely filing limit will change to align with the Texas requirement of 95 days. Unitedhealthcare Non Participating Providers Keystone First Resubmissions & Corrected Claimsġ80 Calender days from Primary EOB processing dateġ2 months from original claim determination Amerigroup for Non Participating Providers
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