Aquina Blog

Running a medical practice is often times easier said than done. There are many times of the year that cause medical practices grief. One that stands out more than others is the Holiday season. The most wonderful time of the year for everyone but your bottom line. With the holiday season in full swing reimbursements now more than ever will be even slower to pay on their accounts.

Provider Web Capital is pleased to report continued growth in monthly originations and increased customer satisfaction as the firm heads into the final month of 2015. Some notable transactions are highlighted below:

Recent changes in the Affordable Health Care Act have made it so that every American has access to professional medical care. With the health care reform in full effect, every American citizen is eligible for health care and must buy into the market due to binding laws. Many people are choosing high deductible plans, which will have a big impact on medical providers in the early part of each calendar year. As the new year starts, patients will be responsible for a larger portion of their healthcare costs, putting strain on physicians and other medical providers who will need to collect these payments from their patients. Small businesses in the healthcare sector will need to stockpile working capital for the start of the year to manage through this difficult period.

The holidays bring a boom to many marketplaces. Toy stores and retail experience massive growth and profit. This may not be the case with medical or healthcare businesses throughout the country. The holidays can potentially slow down otherwise busy and successful medical businesses. These pauses lower business profit substantially, which can obviously hurt medical businesses in a big way. It never hurts to have backup cash just in case any decrease in revenue occurs during holiday season. Here are three reasons your business might experience a slowdown during the holidays.

As any small business owner and their lender will attest, cash flow and revenue disruptions are an ongoing cause of owner/lender anxiety. The availability of quick access to working cash for such contingencies is paramount to a small business’ success. Many industries, such as retail and food service, can rely on daily cash flow from customer sales coming into the business.

Provider Web Capital is pleased to announce substantial growth in originations for October; the firm saw significant growth across many sectors within the healthcare industry, with transactions of note listed below:

An emerging issue that is quickly becoming one of the largest challenges for hospitals is how they can avoid patients being readmitted into the hospital repeatedly. With the implement of the Affordable Health Care Act hospitals can be penalized 3 percent on their Medicare health reimbursements if patients are readmitted within 30 days of being discharged. One of the keys to reducing readmission rates is for home healthcare agencies to provide effective post-hospital treatment to patients. Hospitals are gearing up to measure the success of the home health agencies that are treating their patients after discharge. Hospitals are taking great notice of this for cost effective purposes, home health agencies should take notice because they can be referred to by the hospital as the post-discharge provider for the patients coming out.

Whether you are ready or not, ICD-10 is here and it is set. Successful ICD-10 management relies on a few things. There is no grace period and as of October 1, 2015, it is a ready-or-not situation for healthcare offices and businesses. This is why it is essential to ensure you are prepared. ICD-10 is set to expand the total number of claim codes from about 17,000 to more than 140,000. The purpose of this change is to create a more detailed, accurate recording of what services are actually given.

After years of discussion and much deliberation small healthcare businesses are finally grappling with ICD-10 concerns as it finally arrived October 1st, 2015. From this date, it is mandatory for all healthcare establishments to use this new arrangement of codes.

Growing and expanding a small business in today’s economy can be quite a challenge. After paying staff, overhead, and expenses, it can be difficult to find the capital necessary to do what is needed to help the business grow. This is why more and more healthcare businesses are looking for loans to fund their growth. Business loans offer the ideal opportunity to obtain the capital necessary, without taking away from employees, equipment or patient care. Some of the reasons that businesses seek a loan include: