Saturday, February 14, 2015

Healthcare Requires Cash: Revenue Cycle Management

No one expects to pay cash when they go to a hospital. After all, the usual reason for going is a medical emergency. Hospitals are typically paid by the patient’s health insurance. The problem is, this means that the facility will not receive payment until all the paperwork is done; which can throw a spoke in paying the bills for its maintenance. The functions and processes in capturing, managing, and collecting revenue in a healthcare system is known as revenue cycle.

Tuesday, February 3, 2015

Affordable Care Act Marketplace Navigators Offer Valuable Guidance

Choosing a health plan could prove more challenging this year because of the many new health insurance marketplace coverage options that have been introduced. There are 25% more issuers this year, and the increased competition has resulted in more opportunities for lower premiums. It is estimated that around 80% of consumers this year can find coverage for only $100 or less. Given all the new options, shoppers need to be careful about the kind coverage they get. First, they have to choose from four health plan categories: platinum, gold, silver, or bronze. Platinum and gold plans have higher premiums, but will require less out-of-pocket expenses. Silver and bronze plans, meanwhile, have lower premiums, but higher out-of-pocket costs.
http://decorm.com/affordable-care-act-marketplace-navigators-offer-valuable-guidance/

Sunday, February 1, 2015

Social Security Disability Services Help Claimants Get Needed Benefits

Despite accusations of fraudulent SSDI claims, many experts point to the difficulty of actually meeting Social Security disability eligibility standards. For a member to qualify, he must prove that his condition is severe enough to prevent him from working not just on his previous job, but on any job in any industry; and that the impairment is expected to last for at least one year, or result in death. Additionally, the member should have paid a minimum amount to the SSS by the time of his disability, depending on his age. In fact, as the LA Times reports, only around 41% of all SSDI applicants get approved for benefits.
http://decorm.com/social-security-disability-services-help-claimants-get-needed-benefits/