What’s in television news for you this year? Well, for the people in UAE, a great news is coming. At the start of this year 2020, hospitals in Dubai are imposing a new insurance system which cater comfort of payment for patients. Dubai Health Insurance Corporation (DHIC) under the Dubai Health Authority (DHA) is the proposer of this new insurance billing system that may degrade the insurance premium this year. The globally-considered billing system called as the Diagnosis Related Group or DRG is going to use algorithms to set base charges for treatments of wide coverage of health conditions.
Dubai Health Authority had met with different private hospitals around Dubai for the implementation of DRG.
Coverage of the new hospital billing system
Whose sectors or medical industries are covered by this new billing system?
Private and Public Hospitals
All private and public hospitals located in Dubai are covered by the new billing system. The new insurance system integrates payment agreements. In addition, the health industry including the insurance and the health divisions have accepted the implementation of having excellent clearness and liability of procedures in the medical rates and billings. Further, the new billing system is anticipated to reduce the premiums of insurance for the entire residents of UAE. This is due to a greater equitable mode of payment.
How this new billing system works?
Basically, a patient report contains the illness description, levels of complications, age, and comorbidities. This has been reported to the hospital or other medical or healthcare providers even to those online medical billing parties like that at https://epsychbilling.com. The purpose of this report is to identify the algorithm in which the patient’s case belong. Under this situation, the insurance will be the one to shoulder the payment in bundles including the overall medication treatment cost and the length of hospital stay which are all in fixed rate.
In general, how accurate the medical coding is function essentially on the payment in DRG. In conjunction to this, DHIC is introducing actions to systematize the medical coding. Moreover, rules to integrate practices in processing the claims among insurers and healthcare institutions are also being impose. However, despite of this integration, DRG have no plans of consolidating the system of payment. On the other hand, the new billing system integration aids to unify the process of approval for those members who are insured.