What determines the best healthcare system is how much the country spends on the quality of the health care provided and what are the outcomes of that spending. Moreover, it depends on the availability of healthcare services and obviously how effective it is at keeping the country’s populous healthy. At what cost, what consumers are …
Last year over 600 individuals were charged for healthcare fraud schemes in the United States involving over $900 million in false and unethical medical billing practices. There is no end to it, every year a huge number of medical practitioners are accused of healthcare frauds worth billions. Basically, frauds in the health care industry are …
There are numerous ways to emphasize the importance of electronic health records. Both large and small physician practices are rapidly switching to electronic health records from paper charts. With the implementation of the electronic health record system, it becomes easier for healthcare providers to manage patient records and optimize their clinical processes Besides, some simple …
Revenue cycle management is important because it lets you keep track of claims processing, payment and revenue generation. If you do not want to lose revenue, it is essential to track revenue cycle management metrics, as every dollar lost can cause more adverse impact than you expect. 1. Gross Collection Percentage: This is the difference …
Before we talk about how a line of credit can help you, it would be beneficial to first establish what exactly it is. Put in basic terms, it’s a loan. However that is too over-simplistic to be helpful. A line of credit is, yes, a loan. But the customer or entity receiving the loan will …
According to doctors, there are more than 600 types of neuromuscular disorders. This type of disorder can impact the brain and central nervous system. So far, the only medical solutions for dealing with this problem are medicines, but they come with drawbacks. One simple and cheap solution to deal with this issue is chiropractic treatment. …
Opioids are used all over the world to relieve pain. They range from oxycodone and hydrocodone, which are mild or moderate in concentration, to the highly-concentrated fentanyl. When taken, they induce drowsiness, sedating the person to get their bodies to rest. However, opioids also induce psychoactive tendencies in the person, which has led to their …
‘Financial viability is the ability to generate sufficient income to meet operating payments, debt commitments and, where applicable, to allow growth while maintaining service levels.’ To survive and thrive in a highly competitive business environment, every organization wants to ensure a steady flow of cash to meet the expenses and to reinvest for infrastructure development. …
In medical and Healthcare field, the decline of refunds, rise in deductibles of patients as well as rise in the expenses of operation is increasing the gap between the investment and the returns. The filing procedure and following up on the claims for insurance is getting serious for hospitals and for medical professionals. Outsourcing the …
Most medical practices analyze their financial health with a simple analysis of cash flow when it represents only the one aspect of the revenue cycle. Revenue cycle management for practices is a complete process that starts from charge capture, claims submission, accounts receivables, collections and ends up on the analysis of the financial data. It …