Rhode Island H7941 mandates insurers to process and pay electronic healthcare claims within 14 days of receipt.

Rhode Island H7941 establishes a requirement for insurers to pay electronic claims for healthcare coverage within 14 calendar days of receipt. It allows healthcare providers to dispute claim denials within 60 days and empowers the secretary of the Executive Office of Health and Human Services (EOHHS) to establish penalties for violations. The bill also mandates that insurers pay interest at a rate of 12% per annum for late payments.

Rhode Island H7941 mandates insurers to process and pay electronic healthcare claims within 14 days of receipt.

Rhode Island H7941 establishes a requirement for insurers to pay electronic claims for healthcare coverage within 14 calendar days of receipt. It allows healthcare providers to dispute claim denials within 60 days and empowers the secretary of the Executive Office of Health and Human Services (EOHHS) to establish penalties for violations. The bill also mandates that insurers pay interest at a rate of 12% per annum for late payments.