With the popularity of high deductible health insurance plans spiking, medical practices are seeing increased difficulty collecting payments from their patients. Patients are confused over their owed amounts, and this leads them to delay payment on bills. Even when they agree on the amount they owe, many patients simply cannot afford deductible amounts that can quickly rise into the thousands of dollars. Some patients have access to credit instruments to satisfy their obligations, but many do not. This issue is reaching a critical level for many hospitals, doctor’s offices and other healthcare practices.
Provider Web is leading the healthcare finance and RCM revolution with innovative technology designed to add value across the entire healthcare claims ecosystem. With patent pending technology, Provider Web delivers a broad and robust financial tool set designed to put the provider in control of its cash conversion cycle.
As your business grows so will your workers’ comp premiums, but the good news is there are steps you can take to keep this expense under control. Dennis Slabaugh, CEO of The Risk Man, stated:
NFIB reports, As your company grows, so will your workers’ comp premiums. They've jumped 11 percent between 2011 and 2013—and then increased another 7 percent in 2014, according to the National Council on Compensation Insurance.
The CMS describes MACRA as “a new payment framework that rewards health care providers for giving better care instead of more service.” Now that the final MACRA rule is out, providers were asked how they feel about their MACRA preparations.
According to Advisory Board, now that the final Medicare Access and CHIP Reauthorization Act (MACRA) rule is out, how do you feel about your MACRA preparations? We recently surveyed members of the Medical Group Strategy Council to gauge their concern and see how they're adjusting to the changes MACRA will cause.
We are pleased to announce that Jack Daly, Provider Web Capital’s Chief Revenue Officer, was selected to be a contributing columnist for HomeCare magazine. With nearly four decades of publications under its belt, HomeCare magazine has established itself as a place where home health business owners go not only for industry news but for industry-leading content that is focused solely on helping business owners succeed. Needless to say, Mr. Daly was more than happy to share his unique financial expertise for small businesses in healthcare.
Regardless of your political leanings about the new Administration taking office soon, one fact that can’t be argued is that small business optimism is soaring. The National Federation of Independent Business’s (NFIB) index jumped 7.4 points last month to 105.8, the highest since the end of 2004.
Bloomberg reports, optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.
Recently reported by Managed Healthcare Executives, the healthcare industry is abuzz with predictions about the future of the Affordable Care Act (ACA). As stakeholders anxiously await the impact of a Trump administration agenda, there is at least one safe bet that all can make: value-based care is here to stay.