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.
Hospital Re-admission Rates: The Lower the Better
Oct 20, 2015 3:27:03 PM / by Aquina posted in All, Healthcare, Thought Leadership
Successful ICD-10 Management
Oct 19, 2015 3:34:41 PM / by Aquina posted in All, Company News, Healthcare, ICD-10, Thought Leadership
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.
Small Healthcare Related Businesses Grapple with ICD-10 Concerns
Oct 15, 2015 3:33:00 PM / by Aquina posted in All, Healthcare, ICD-10, Thought Leadership
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.
Finding The Right Loan For Your Healthcare Business
Oct 10, 2015 3:37:15 PM / by Aquina posted in All, Blog, Financing, Healthcare
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:
Provider Web Capital Commentary on ICD-10 Implementation
Sep 25, 2015 3:50:39 PM / by Aquina posted in All, Healthcare, ICD-10, Thought Leadership
On October 1st, the healthcare industry will go through the first large scale coding change in over 30 years with the implementation of ICD-10. This change is broad and will impact medical providers across all disciplines and business sizes. This could lead to a slowdown in payments as providers, billers, and insurance companies adjust to the new coding requirements. Medical providers need to insure they have enough cash available to cover operating expenses for their business in the event that ICD-10 leads to cash flow disruptions.