Third Party Billing - Yes or No?
Friday, March 21st, 2008The traditional university health center model may not include third party billing as a source of revenue, but times are changing and some institutions are now embracing commercial insurance options as a way of making ends meet and giving more choices to students.
The topic is still hotly debated, but according to testimony provided by a third party billing service vendor to the Department of Education’s Commission on the Future of Higher Education, third party billing could be one way to avoid capitated health fee increases. Some are not convinced by this - ACHA recently commented that the analysis this testimony relied on was flawed - but third party billing, or indeed a combination of third party and a university plan, may warrant further investigation for some schools. If you’re considering addressing rising costs and falling funding in your college health center, this article explores the issue in more depth.