How Healthcare Payers Exceeded Federally-Mandated Medical Loss Ratio with eSignatures
Under federal mandates and public scrutiny, healthcare payers need strategic plans to reduce wasted administrative resources, prevent profit loss and keep premiums reasonable. Identifying the inefficiencies that can be solved with implementation of healthcare IT solutions, such as electronic signatures, is one answer.
Excessive administrative costs not only mean loss of profit and higher costs to consumers, but also risking additional expenses in the form of consumer rebates when the required Medical Loss Ratio is missed. These losses are entirely avoidable.
Find out how healthcare payers can utilize electronic signatures to alleviate inefficiencies and avoid profit loss.