The Billion-Dollar Cottage Industry of Healthcare Billing

Douglas A. Perednia

 

“The insurance industry communicates through codes andcheck-off boxes. If there's no check-off box for you,you don't exist.”

—Jack Anderson

No single aspect of the healthcare system is more inefficient, destructive, and harmful to the average American than the way in which medical services are currently priced, billed, and paid for. It is hard to conceive of a system that is harder to understand, more difficult to adhere to, more expensive to implement and operate, and less conducive to the public welfare than the one that currently burdens patients and providers alike. Even explaining how the process works is a considerable challenge.

In most businesses, how a ...