Monday, October 20, 2014

New Health Insurance Marketplace Coverage Options—The Benefits of ACA

Essential Health Benefits include ambulatory patient services, emergency services, and hospitalization. Although this particular modification in the health care insurance system only applies to non-grandfathered insurance or those insurance plans that have been in effect since March 23, 2013, all other insurance plans that took effect prior to the implementation of the ACA though renewed after its inauguration shall provide coverage for Essential Health Benefits. On the other hand, the new Affordable Care Act Marketplace or Health Insurance Marketplace provides an avenue for those who are having difficulty looking for health insurance that suits their needs. At any rate, one needs to weigh the available options carefully. Forlger further adds.

Get Immediate Payment for These Child Disabilities

Social Security Income (SSI) payments for children with disabilities are made on a monthly basis to children with low income and limited resources who are younger than 18 years of age. Payments for child disabilities vary per state as certain jurisdictions offer additional payments to the standard SSI benefits. However, parents and relatives of children with disabilities have to remember that disabled minors must meet the requirements for benefits and that the parents or legal guardians must have a good Social Security earnings record.

Normally, it would take about three to five months for the relevant authorities to determine the eligibility or non-eligibility of a child for disability payments. However, certain medical conditions may result in the immediate awarding of benefits payments even before the Social Security Administration (SSA) or the local Social Security office decides on the application.

These medical conditions are as follows:

Sunday, October 19, 2014

Social Security Disability Benefits: A Closer Look at SSI and SSDI

You also need to factor in cost-of-living adjustments COLA. This is an addition to the current regular benefits based on how much the cost of living has increased in your area. The current adjustment is at 1.5 percent. When applying for Social Security Disability benefits, you have to expect this adjustment to appear should you get approved. SSDI and SSI have helped many Americans cope with illness and disability. Yet due to the sheer volume of claims the SSA receives annually and the strict requirements involved, the eligibility process may be long and tedious. When applying for Social Security Disability for children, therefore, you might want to hire an eligibility expert like DECO Recovery Management that can help you complete all requirements and forms, as well as file an appeal in the event of denial.

Saturday, October 18, 2014

Changes in Eligbility for Medicaid Coverage Have Hospitals Gearing Up

Hospital revenue cycle management services help untangle these complications and streamline a hospital’s existing revenue strategy. A company like DECO Recovery Management, for instance, can create plans on how to get rid of bad debts and improve cash flow. This process involves several aspects. Among other things, a company like DECO Recovery management can assist Medicaid-eligible patients as well as those who wish to claim Social Security disability benefits with their applications for successful claims processing. Each of these benefits have their respective eligibility requirements, and applicants must go through a step-by-step process involving five questions before they can be considered “disabled”. In case of denial, an eligibility expert can help the applicant file an appeal with the Social Security Administration.

Friday, October 17, 2014

Revenue Cycle Management Services Maximize Your Income Post-Obamacare

Cutting costs may be a good way to enhance revenue, but there are other aspects you need to consider. For example, you may still have some bad debts as well as accounts that have yet to meet your revenue targets. You need to do something about these things—fast. Consider revenue cycle management services that allow you to focus on actually managing your facility and providing quality care to patients. A company like DECO Recovery Management can conduct a review to locate where problems often arise to address issues such as underpayment . So-called eligibility experts also assist patients with financing options and help ensure that your facility gets reimbursed for services rendered. Ever wondered what revenue cycle management is all about and what improvements need to be made to reduce bad debts or uncompensated care? Then you might want to turn to an expert you can trust.

Tuesday, October 14, 2014

Figuring Gulf War Service Ailments

A considerable bulk of today’s active-duty and retired veterans will have seen action during the Persian Gulf War back in the early 1990s and continued service as part of the War on Terror. However, medical disorders that came about as a result of the Gulf conflict – the so-called Gulf War Syndrome (GWS) – have complicated matters for veterans who’ve sought disability insurance benefits. This requires a clearer understanding of how GWS factors in when applying for Social Security Disability insurance.

Tuesday, October 7, 2014

Tips for Efficient Medical Billing

Thanks to today’s economy, medical practitioners often have the misfortune of having to choose between doing their healthcare duty efficiently and doing the business of their practice effectively. When billing comes, factors like identifying eligibility for Medicaid could potentially delay the process and keep revenue from flowing smoothly.

Wednesday, October 1, 2014

Ethics of Maximizing Reimbursement

Behind every instance of your patients flashing their Medicare or Medicaid card is a three-step process for filing your reimbursement. Proper coding comprises two-thirds of the task, which is why it's important to get the codes right. Aside from the ICD-9 (soon to be phased out in favor of the ICD-10), practitioners have their own local codes.

Physicians use the current procedural terminology (CPT®), a coding system maintained by the American Medical Association developed in 1966. The CPT® is updated yearly to include as many treatments and diagnoses as possible. The codes evolve along with the evolution of medical technology and recent discoveries in the field.