Spina Bifida is a debilitating disease affecting children from birth. This condition where the child’s nerve root may be compressed is accompanied by pain, loss of motor function, and restricted spine movement. Neurological impairments will prevent the child from walking or using his or her arms due to weakness, spasms, or paralysis. The child’s nervous system and mental makeup could develop abnormally, and may result in an IQ level of 70 or below.
Wednesday, May 27, 2015
Hospitals dealing with people who are on disability social security often discover problems in revenue management, especially when it comes to receiving timely payments. However, for the patient, an even more pressing matter may come to light: denial of the disability application. Hospitals who want to help patients afford care and get timely reimbursement should become familiar with these top five reasons for denials:
Care facilities depend on revenue cycle management solutions to save them money while they collect what’s owed to them for care provided. There are, however, services which go above and beyond these solutions to ensure proper care for the patient and financial compensation for the provider alike.
Growing financial pressures are forcing hospitals to re-evaluate the question of what makes good revenue cycle management. Processing claims and payments isn’t enough. Hospital administrators need to be able to maximize their ability to capture revenue from all of their patients – regardless of their current financial situation.
Saturday, May 9, 2015
Each of the payments you make for the Affordable Care Act Marketplace option you choose is based on these factors: deductibles, coinsurance and co-payments. A deductible is the amount you are required to pay before your insurance pays up. You will have to pay in full before you are covered. Other times, the insurer will also require you to pay the coinsurance after you met your deductible. The amount of the insurance is your share of the costs and is a fixed percentage. On the other hand, the copayment is the amount you pay for select services. Choosing the Best Plan Ultimately, choosing a plan is your decision to make. You should carefully consider your finances, your health, risk factors and other relevant circumstances that might come into play. If you are required to have frequent appointments with your doctor, your best option might be the gold or platinum plans. If there is not much need for you to see a doctor often, you may choose bronze or silver.
Thursday, May 7, 2015
If your disability is linked to an illegal act and you were convicted of a crime, you most likely will not be eligible for benefits. However, if you were injured while in prison or your current disability has worsened while serving time, you may be able to receive benefits once you are released. Getting benefits for your disability would be easier if you make sure that your documents are in order beforehand and that you meet the necessary requirements. You can help increase your chances for approval by enlisting the help of experts in Social Security disability eligibility from trusted companies like DECO Recovery Management, at the onset. These professionals will review the details of your claims to ensure all bases are covered, and questionable entries are straightened out.
Tuesday, May 5, 2015
Efficient healthcare revenue cycle management ensures that your facility gets reimbursed in a timely manner for services provided to your patients. Filing claims and collecting payments are usually far from smooth-going. Attending to claims, appeals, and tremendous paperwork isn't just time consuming for hospital management; it can be quite stressful for patients, as well. Here are three common problems with the revenue cycle management process followed by some resolutions on making your medical practice more efficient and profitable: Lack of staff training Who would like to lose thousands through coding mistakes? And even if you use RCM system technologies like data scanners and billing automation, these tools are only as good as the people who handle them.
Monday, May 4, 2015
What is revenue cycle management all about? In general terms, RCM is among the most integral components of a truly profitable medical practice. In fact, a special Practice Profitability Report from relevant entities CareCloud and QuantiaMD has shown that in order to improve their practices’ operational performance, physicians tend to focus on billing and collection processes. One can call RCM fundamental; a building block that holds an entire medical enterprise aloft. With 2015 nearing the midpoint, improving revenue cycle management processes is as important as ever considering upcoming tweaks (the ICD-10 implementation, for one). That said, here are a few RCM enhancement tips for your practice fit for the current year.