What does the prompt pay law aim to ensure?

The prompt pay law is designed to ensure that claims for medical services are processed efficiently and without unnecessary delays. This legislation mandates that health insurance companies must pay claims within a specified timeframe, thus enhancing the speed of claim resolution for healthcare providers. By enforcing timely payments, the law supports the financial stability of healthcare practices and ensures that providers are compensated promptly for their services. This focus on rapid claim processing ultimately benefits both providers and patients, as it helps maintain a steady flow of revenue for healthcare services.

Other options involve important aspects of healthcare, such as quality service, accurate documentation, and patient coverage, but they do not specifically address the intent of the prompt pay law, which is centered on ensuring that claims are handled swiftly.