Earlier this year, Florida took efforts into moving their state to the cutting edge in providing financial and educational opportunities for children having intellectual disabilities. This has been in the form of two separate bills, one of which aimed to provide tax-free savings accounts for disabled individuals. Another bill aimed to provide an opportunity for children with intellectual disabilities to take part in special education programs.
Monday, October 26, 2015
Monday, October 19, 2015
It is not uncommon for people to be held on a standstill while waiting for the Social Security Administration (SSA) to process their claims. The waiting time for a hearing with an Administrative Law Judge can take a year or even longer. Even worse, some people patiently wait the entire time only to find out that their claim has been denied. If you can’t possibly afford waiting for the average amount of time it takes for the SSA to process your claim, you there are a few things you can do.
Monday, October 12, 2015
Millions of Americans are eligible for Medicaid because of The Affordable Care Act. States are required to cover people that meet the Medicaid eligibility definition. Some states are refusing to expand their programs to poor Americans between the ages of 19 to 64. On the other hand, healthcare providers are welcoming the new law. This new law increases revenues for providers because millions of uninsured Americans are getting access to healthcare services.
Thursday, October 8, 2015
Healthcare financing processes in hospitals and other medical facilities are typically complex, resulting in a higher risk of errors that lead to revenue loss. In an ideal world, hospitals can provide care to people for free with no problems at all. In reality, however, hospitals need revenue so they can continue providing healthcare to the community. With that in mind, revenue losses can be very harmful, not only to hospitals but the communities they serve. Losses could slow down operations, and/or negatively affect the quality of care due to lack in crucial supplies or equipment, and similar effects. HealthAffairs.org says that hospitals experiencing revenue loss may not close down altogether, but may have to adopt changes that could compromise the quality and accessibility of healthcare.
Tuesday, October 6, 2015
Getting approved for social security disability eligibility is one of the hardest processes that some Americans have to face. Proving that you have a qualified disability alone already takes up a lot of time and effort on your part due to the numerous medical tests that you have to undergo, but the process doesn’t end with proving your disability. Afterwards, you still need to be assessed for your ability to work. For this, you need to prove to that your condition prevents you from doing any work at all, and that you have no means to support yourself due to your condition. There are, however, certain circumstances when the disability requirements for a disability social security approval will consider special cases
Monday, October 5, 2015
Collecting revenue is essential for every active business. It is especially so for the medical profession, which works smoothly because of the use of expensive diagnostic equipment and highly educated staff that demand good salaries. It is not anticipated that indigent patients will ever pay their hospital bills, which only leaves a finance department that collects with efficiency all the monies due the hospital from all the available resources.
Sunday, October 4, 2015
The need to transition to a value-based payment system has turned the traditional healthcare reimbursement model on its head. In a recent Healthcare Finance article, KPMG—one of the largest professional services companies in the world—announced that 74 percent of healthcare providers are now in the beginning stages of investing in the method. Joe Kuehn, advisory partner at KPMG's healthcare & life sciences practice, mentioned this in a statement. ""It has never been more crucial for providers to prepare their finance departments to address the demands that new care delivery models, such as accountable care organizations and alternative payment arrangements, will present as the industry moves away from fee-for-service reimbursement mechanisms.
Friday, October 2, 2015
It’s a given that providing quality healthcare is a medical practice administrator’s main concern. That being said, the practice’s profitability is equally important, for without it, the ability to provide quality medicine will be severely compromised. In 2012, Becker’s Hospital Review (BHR) posted an article detailing the 11 ways healthcare providers can enhance their profitability for the following year. Despite being practically three years old, most of the tips still resonate today, such as: Make a concerted effort to revamp the revenue cycle What is revenue cycle management to you? How much do you value it? According to the BHR article, one hospital CFO observed that some of the healthcare facilities he visited didn’t give it enough focus. Revenue cycle management poses one of the biggest opportunities for profit because it is completely within your facility’s control.