Health Insurance Archives

Keeping Pace With The Changing Landscape Of Health Insurance

Against the backdrop of evolving technology and ever-changing insurance requirements, 2016 evokes hope as well as apprehensions for healthcare providers. A lot has changed in the past few months. While healthcare costs maintained a languid pace in the beginning of the year, new provisions and mandates have bridged the gap between insurance providers and the […]

Why you should have Life Insurance? Some Strong Reasons

As you know, there are various life insurance services available in the world—however, some people are still confused about the significance of life insurance in their lives. In the UK, citizens know about its importance; in fact, two out of three people have life insurance coverage there, according to the Association of British Insurers Even […]

Physicians Shortage – Is There a Perfect Storm Brewing in the Healthcare Industry?

There has been a rapid growth in the healthcare industry, more than any other industry, mostly in response to rapid growth in the elderly population. According to the Bureau of Labor Statistics, the healthcare industry will create 3.2 million new wage and salary jobs between 2008 and 2018. However, the American Association of Medical Colleges […]

What does a doctor expect from his medical billers & coders?

A significant challenge that care providers face in the US today is unrealized account receivables stemming from rejected insurance claims by Medicaid and Medicare officials. Physicians often find this challenge daunting because it requires them to handle what they are not meant to: administrative responsibilities The medical billing and coding cycle requires thorough knowledge and […]

Medicaid vs. Private Insurance: Providers’ Perspective

Medicaid not only plays a significant role in helping disabled and indigent people in the country but also provides important financial support for long term care patients. However, Medicaid also has a pivotal role to play in crowding-out private players in the insurance industry. Medicaid is essentially for poor people or indigent individuals and families […]

Averting common operational & legal pitfalls at your medical practice

Medical practice and legal issues have long been inseparable. History is full of examples wherein practices have run into legal hassles, and eventually been penalized with criminal as well civil charges. Barring some strange cases that have been intentional, physicians have had to pay for what is known as negligence or reluctance to avail medico-legal […]

HIPAA 5010 enforcement delayed to ensure doctors & entities complete transition

Enforcement of HIPAA 5010 transactions on March 15, 2012, was delayed for the second time for another 3 months by the government, with the Centers for Medicare & Medicaid Services’ Office of E-Health Standards and Services (OESS) pushing the date further to June 30, 2012, in order to not compromise physician cash flow. Physicians have […]

In Retrospection: Revenue Collection Accomplishments in 2011

“While these comprehensive measures are no doubt indispensable to optimizing healthcare overheads and expenditure, physicians’ task to get their bills reimbursed could get even tougher, thereby making sustenance and growth prospects equally competitive. Although they have had, by and large, a prosperous year revenue-wise, the ensuing financial year evokes an air of apprehension. But, amidst […]

Paid-Sick-Days Concept as a Preventive Option for Federal Healthcare Expenditure

“Coming at a time when Federal Government itself is promulgating radical healthcare reforms to tackle growing medical expenditure on public healthcare, and promote efficient and quality medical care to its ever growing insured population, this paid-sick-days concept promises to complement the macro healthcare reforms formulated by the Federal Health Department.” Strange it might seem, yet […]

Fall in Doctor Office Visits by Patients Under 65

US physicians recently have been experiencing a gradual decrease in visits by privately insured patients younger than 65. IMS Institute for Healthcare Informatics, a health care research firm tracked an overall 4% drop in patient visits in 2011 compared with 2010, and Thomson Reuters Healthcare showed September physician office visits were down 8% compared with […]

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