American health care is generally regarded as more expensive than in other countries. An article published by The Washington Post cites a survey conducted by The Commonwealth Fund ranking the cost and efficiency of the health care systems of a number of different. The survey concluded that the United States is home to the most expensive but least effective health care system compared to other industrialized western nations. While the U.S. spends an estimated amount of $8,508 per person on health care services, the United Kingdom—which had ranked first on cost and quality—spends more than half at $3,405 per person.

Due to such expensive medical costs, plenty of Americans rely on health insurance coverage in order make payments that they might not otherwise be able to afford. Unfortunately, the health insurance system isn’t always without certain flaws. As it happens, there have been several instances when medical professionals are not properly reimbursed through these benefit programs. As noted by the American Medical Association, a lot of health care workers have reported failing to receive timely compensation from insurance companies meant to reimburse them for the cost of services they’ve rendered for patients relying on financial assistance. In certain cases, some physicians noted that receiving compensation from insurance providers can take as long as 6 months.

This is where the Texas Prompt Pay Act of 2003 comes in. Physicians and other health care professionals working in Texas are allowed to make claims for compensation from health insurance companies through an established system mandated by state law. As noted on the website of Williams Kherkher, insurance providers that are unable to deliver on the reimbursement within a specific schedule can end up facing a number of serious penalties. These penalties can end up doubling the amount required from insurance providers, as well as causing them to pay additional fees.

Read More