Sunday, November 30, 2014
The SSA has a very strict definition for the term “disability”. As a result, not all medical conditions and injuries fall under the definition they have set. Specific conditions and injuries covered by the SSA can be found in their “Blue Book”, which can be found on their website. Despite the strict nature of the SSA, they are open to allowing several exemptions and approving a disability Social Security application. For example, migraines aren’t a condition listed in the “Blue Book”, but if they are severe enough that it prevents a person from working a normal job, the SSA may decide to cover the condition anyway.
Friday, November 28, 2014
Determining patient eligibility for Medicaid is the first important step every healthcare provider should do when receiving uninsured patients. Failure to do so can lead to negative consequences for both the patient and the receiving practice. A patient advocacy system, such as one offered by DECO Recovery Management, can be useful in educating uninsured patients about their benefits under the ACA, and helping healthcare providers properly secure their revenues. Healthcare claims can be denied if the patient cited inaccurate coverage information or simply lacks the authorization to enjoy medical services or treatments. These denials can hold up the revenue flow, stifling the payment due to the healthcare provider. Denied claims from uninsured patients can quickly add up over time, and can eventually lead to large losses for the practice involved.
Wednesday, November 26, 2014
As with any business, healthcare practices need to get creative with how they can manage their revenue or risk losing their earnings. Practices, however, are not always paid in the same way other retailers are, since their patients collaborate with insurers to halve the bills. This makes understanding a practice’s revenue a complex affair. What is a revenue cycle management system suitable enough for practices to use in order to streamline their operations and better themselves? Revenue cycle management is meant to help healthcare providers with keeping track of their patients’ claims and payments. Without the proper tools and skills to conduct revenue cycle management, practices will be hard-pressed to ensure proper workflow, and they might even lose money for their disorganization. Practices that have management systems in place will not only improve their revenue flow, they will also boost their patients’ satisfaction.
Monday, November 24, 2014
Most people are aware of the importance of social security. Some are not mindful, however, that certain benefits can extend to their family members, particularly their children. According to Daily Finance, of the approximately 58 million Americans who apply for and have Social Security, around 6% (or around 3.4 million) beneficiaries are disabled children.
Wednesday, November 19, 2014
Sound helps enhance understanding of an object or surroundings – in the case of a forest, a casual chat or a snapped twig may carry dozens of feet. However, hearing can degrade with the passage of time due to age or other circumstances. If this has affected your patients’ regular activities to a major degree, they can file a claim for disability social security benefits. Here are some things you need to understand about this:
Picking the most suitable and affordable plan will definitely be the biggest concern for patients, and they shouldn’t rely on their old methods if they want to achieve that. A survey from the state’s Insurance Department revealed that previously, patients took only an average of 15 minutes shopping for a plan. Their decisions were largely based on the premium payments. In reviewing new health insurance marketplace coverage options, patients need to consider the out-of-pocket expenses linked to their coverage, aside from premium rates. They must check the plan’s affordability by factoring in the copays, deductibles, and other expenses that they need to satisfy if they use the health insurance, which could easily amount to thousands of dollars per individual.
Monday, November 17, 2014
Both attorneys and advocates are paid the same rate, which is regulated by Social Security – roughly 25% of the retroactive payment received by the applicant, up to a maximum of $5,300. Social Security usually withholds the payment to lawyers while applicants pay non-legal attorneys directly. Timing is everything Lawyers and advocates, such as Deco: The Eligibility Experts, recommend patience to applicants when applying for SSDI. Ideally for social security disability eligibility, employees need to have been unable to work for at least five months. Applying soon after becoming disabled and getting approved means receiving little or no retroactive benefits paid (and a smaller fee for the advocate).
Saturday, November 15, 2014
Some proponents of the expansion claim that the state and local governments may save more when people, especially newly-released prisoners, are insured for health practice visits instead of going to the ER, as had been the norm for years. A few studies noted, for example, that former inmates who visited the clinic periodically stood a 50% less chance of being sent to the ER than people who did not. As such, determining eligibility for Medicaid through companies like DECO will be essential to aid people in dire need of medical assistance.
Thursday, November 13, 2014
A healthcare company using strategies crafted by supporting revenue cycle management companies often deals with hard numbers when it comes to assessing earnings as much as the numbers of patients treated. A senior vice-president of an RCM services provider said the process requires full accounting of how much money the practice may be losing because of some discrepancies like inadequate documentation. Keeping things in order and communicated around the organization may enhance service efficiency.
Wednesday, November 12, 2014
Recent health scares such as Ebola have been a great cause of concern around the world. State health officials in South Carolina, in particular, have been conducting the necessary steps to address potential cases of Ebola and other serious viral diseases by means of a statewide referral system that allows patients to get immediate medical attention.
Wednesday, November 5, 2014
Now that the Ebola outbreak has reached U.S. soil, it's up to hospitals and medical facilities around the country to keep it in check. The cost: $1,000 an hour.
At least, that's the figure experts came up with after computing the cost of Thomas Duncan's treatment at Texas Health Presbyterian in Dallas. During his nine-day confinement, Duncan racked up between $18,000 and $24,000 per day, according to a Bloomberg report. Including indirect costs, his total bill may reach half a million dollars.