A simple insurance label can save time and confusion in a hospital. When it comes to billing insurance companies, hospitals must complete a significant amount paperwork. Insurance labels on each patient chart can take unnecessary stress off of the billing department. Whether a patient utilizes a specific HMO or Medicaid, different forms must be filled out. By simply asking a patient upon arrival what insurance provider if any they will be using, the hospital avoids a great hassle in the future. An insurance label details this information. Patient charge labels can be another pivotal tool in effectively charging an insurance company.