Posted by Michael Wonder on 08 Apr 2020
UnitedHealth will speed payments to doctors, hospitals
7 April 2020 - Insurer aims to fast-track about $2 billion next week to ease cash crunch tied to drop-in regular care.
UnitedHealth is accelerating payments to doctors and hospitals, starting with about $2 billion over the next week, to ease a cash crunch that has led some health-care providers to furlough workers amid the coronavirus pandemic.
The move by the biggest U.S. insurer to hasten claims payments, which it said would last for the duration of the crisis, could shave weeks off the time it takes for some providers to get paid for a service. Typically, contracts allow for payment within 30 days, the company said.
