Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to...
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Transcript of Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to...
![Page 1: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/1.jpg)
Pursuing Third Party Payments
![Page 2: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/2.jpg)
The advantages of pursuing third party payment
• Improved ability to provide services • More likelihood that those in need will seek
services• An increase in the organization's control of its
finances• An opportunity to add staff and improve the
facility• Increased credibility
![Page 3: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/3.jpg)
The disadvantages of pursuing third party payment
• Increased recordkeeping time• Increased bureaucracy• An extra administrative layer• The danger of decisions being driven by
money rather than mission• Discrimination against those without
coverage
![Page 4: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/4.jpg)
Who is eligible for third party payments?
• Eligible services• Staff• Facility• Administration• Other possible requirements
![Page 5: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/5.jpg)
How do you prepare your organization to become an approved
provider?1. Find out exactly what requirements you need to
fulfill2. Assess what the organization needs to do3. Develop a plan for making and maintaining the
necessary changes4. Carry out the plan5. Continue to assess and evaluate the effect that
third party payment is having on your organization
![Page 6: Pursuing Third Party Payments. The advantages of pursuing third party payment Improved ability to provide services More likelihood that those in need.](https://reader035.fdocuments.net/reader035/viewer/2022072010/56649dc35503460f94ab5e24/html5/thumbnails/6.jpg)
Communicating and maintaining relationships with third party payers
• Personal relationships are important • Designate someone to handle relations with
payer organizations• Things are constantly changing