Healthcare News
Keeping Readmissions Under Control
Accountability for readmissions still rests with the acute care hospital and can result in financial penalties as patients bounce back to the facility following discharge. The question therefore is; who is following the patient beyond the discharge date? Unfortunately...
Imaging Center Survives
A mid-west imaging center employed two strategies to survive the regulatory and reimbursement-rate vicissitudes plaguing healthcare providers. The plan worked and the center grew. The first implementation to their business was to out-source their billing to a...
Radiology Rates Cut – Medicaid Patients Suffer Once Again
Connecticut’s Medicaid program was cut earlier this year and on June 3, 2015 some of these cuts were restored. However, radiologists still suffer the 42.5% cut as no restoration of reimbursements for these services was given. The cut was part of a budget tightening...
DME – Factoring Grows the Business
In an effort to maintain his business, an owner of a mid-sized Durable Medical Equipment company applied to become a provider for numerous commercial healthcare carriers (insurance companies) and, at the same time began to decrease the Medicare patients he acquired....
Medicaid cuts add up
A recent article in HME News the publication focused on DME (Durable Medical Equipment) and HME (Home Medical Equipment) http://www.hmenews.com/article/medicaid-cuts-add providers reported that 70% of respondents to a survey said that state reimbursements from...
Hospitals Providing “Safety Net” Services Will be Hurt by Obamacare
For the first time in years a regional “safety net” hospital (serving a high proportion of patients who are homeless, in poverty or in the country illegally) located in the southwest didn’t just break even it actually realized 4% growth. Most attribute this to the...
HIGHER COST OR HIGHER CONVENIENCE?
The small business owners we deal with, like everyone else, are cost conscious. They may have researched invoice factoring on the surface and determined that the cost was “too much” for their business. They make the quick comparisons to other types of commodity...
How much factoring cost?
Inner City Detroit-Children’s Services
A contractor with the City of Detroit providing needed behavioral and developmental health services for youngsters requiring this type of help, could not sustain his growth and faced losing his contracts and more importantly losing his business. The program under...
Compounding Pharmacy – Case Study
A Compounding Pharmacy in the Southeast billing about $50,000 per month saw its business growing in geometric proportions. Before long he was billing over ½ million per month. Naturally he had to increase cash flow to stock up on compounding components, pay his FedEx...