IPA in Medical Billing
IPA stands for Independent Practice Association, a group of independent physicians who join together to contract with health insurance plans.
IPA in Medical Billing Explained
In medical billing, IPAs negotiate contracts with insurance companies on behalf of their member physicians, allowing the physicians to maintain independent practices while benefiting from group-negotiated rates. IPAs handle billing, payments, and other administrative tasks for their members.
For example, an IPA contracts with an HMO to provide healthcare services to patients at negotiated rates.
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