Practice Management Alert
Prompt Pay and Worker's Comp
Question: Michigan Subscriber Answer: Whether or not prompt pay laws apply to the worker's compensation (WC) claims you deal with depends on your state. Some states do not apply prompt pay laws to WC claims. Others do, however. Michigan, for example, allows a practice to charge a 3 percent late fee -- 3 percent of the WC allowed amount -- if the claim is not either denied or paid within 30 days for clean claims (non-denied and non-disputed). Pointer:
Practice Management Alert
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The New York State Insurance Department fined 20 payers for not paying providers within the [...]
