In what frequency are claims usually submitted?

Claims are typically submitted every day or weekly depending on the volume of services rendered. This practice helps maintain a steady cash flow for healthcare providers and ensures that reimbursements from insurance companies are received in a timely manner. Submitting claims frequently allows for prompt processing and reduces the backlog of outstanding claims, which can occur when submissions are delayed. Additionally, regular submissions help healthcare providers quickly identify any issues with denials or errors that may arise, allowing them to address and rectify these problems more efficiently.

Submitting claims only at the end of the fiscal year, or on a quarterly or monthly basis, can lead to significant delays in revenue cycle management, impacting the financial health of the healthcare practice. Frequent claims submission promotes more effective financial management and supports better patient care by ensuring that providers are paid in a timely manner for the services they provide.