Health & Wellness Blog

    

3 Ways Health Centers Can Generate More Revenue

There is no denying the fact that the specter of staff cuts and limited budgets looms large over many health centers. Many of them are found with no other option but to cut down on employee strength who are working on important projects.

It is now becoming quite common for many employees doing multi-tasking which in turn affects the overall reputation and goodwill of the health centers. There are many staff members who spend more time sorting out insurance claim of patients though their main job is to take care of the patients.

Health Center

As a result, it is very important to find out ways and means by which health centers can generate more revenue and at the same time keep the quality of customers services unhampered.

Better Work Allocation Amongst Staff

One of the simplest ways to generate more revenue for such health centers is to ensure that the staff duties are allocated properly so that there is increased efficiency at all level. Duplication of work could be a big impediment to productivity and this should be avoided at all costs.

However, at the same time it is also extremely important that the employees are not overburdened with repetitive and unproductive tasks. The onus lies on the managers to find out ways and means by which the staff are made to do work that will directly and positively impact the revenues of the company rather than keeping them engaged in mundane tasks which could kill their time and also their zeal to perform better.

Optimization Of Health Center Billing Procedures

The medical billing process for health centers is something that occupies lot of time and effort. According to many studies, health center billing occupies almost 50% of the man hours and also contributes to a big size as far as salaries and other recurring expenses is concerned.

 A better option would be to enter into some strategic partnership with a third party medical billing service provider and see that costs are reduced without efficiency of services being compromised in any manner. You can learn more from this trusted provider of health center billing services at www.MaximizedRevenue.com.

Readmissions To Be Reduced The Bar Minimum

While readmissions cannot be completely ruled out, as far as medical centers that are run on grants and funding are concerned, it always makes better sense to restrict readmissions to the maximum extent possible. This would call for following the right post-care or post-treatment regimens where there regular contact with the patient and regular counseling that is given.

This certainly could go a long way in saving thousands of dollars. However, the health care center should know where to draw a line between real needs for readmissions or looking at other options. Learn more about readmissions and the Readmission Reduction Program at www.CMS.gov.

Increase Market Share By Offering New Services

When health care centers are facing fund crisis, then the best way forward would be to look at ways and means by which revenue can be augmented. This could include adding new streams of services.

For example, even today many such centers do not have orthopedic services being offered to patients. This can be tried out because it is a very profitable line of service and there is a continuous demand for the same. There are a lot of funding opportunities worth exploring at bphc.hrsa.gov the official site of the Bureau of Primary Health Care of the Health Resources and Services Administration.

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5 Strategies to Buffer Expensive Surgery Bills

Surgery BillsSurgery can often be a challenging experience for anyone, both financially and physically. For the patient, it is a solution to a health or cosmetic problem, and the benefits can be life-changing (if not life-saving.)

Despite its amazing potential to transform and heal, surgery bills are often expensive. Many people have faced the challenge of paying for a surgery out of pocket. The bill can run from hundreds to hundreds of thousands of dollars.

Finding ways to pay expensive surgery billings is very important for the cost-conscious consumer. So below we share five sound strategies to buffer expensive surgery bills and mitigate the high cost of surgical treatment.

Make use of private health insurance

Private health insurance is an insurance policy that you buy for yourself and your family. It is private because it is not provided by the government. The price you pay for this type of health insurance depends on the situations that you want covered. When purchasing health insurance, you can choose from a number of plans that are available from your provider.

After choosing a cover, you can then pay a specific amount of money every month to service the insurance cover. This amount is known as the premium. If the cover takes care of many health situations, it will be more expensive than that which covers lesser health situations.

If your health insurance covers surgery, your insurance provider will pay for the cost of the surgery. This will help to reduce the bills to a small amount or clear the bill completely. Often times, insurers will work with the health center billing departments to handle of the financial details.

Look into a personal loan

A personal loan is an amount of money that is given to you by an organization against specific collateral. You can get a personal loan from a bank or an independent financial institution. Examples of collateral are land title deeds and cars.

In case you need to pay for a surgery, you can try to take out a loan and pay the amount. Afterwards, you can service the loan by paying a small amount every month. You can use the money from a personal loan to pay for the surgery bills. This is often a route taken by individuals investing in cosmetic and plastic surgical procedures, such as paying off rhinoplasty or breast augmentation surgeons.

Make use of employee health benefits

When seeking employment, it is important to observe the kind of package that the company is giving you. A company should provide you with health benefits in addition to your salary. Thus, after getting employed, ensure that you check to see if their health benefits plan covers surgery.

Also, if it does, check the amount that it will provide you with in case you need to get a surgery. This is a very important activity to perform. If you work in a high stress environment or one where you are exposed to machinery and hazardous materials, you must check to see if your company is willing to cover your medical expenses in case you get hurt and need surgery.

Reach into your personal savings

You can use some money in your personal savings to pay for a surgery. It is a good idea to save money for the long term. This money is used to pay for emergencies such as surgery. You can also combine some money from a savings account with that from a loan to pay for your surgery.

Liquidate some of your assets

In some cases, you have no choice but to liquidate assets to pay for your surgery. Some of the top surgeons cost a premium, so many patients need to leverage all opportunities to cover surgical expenses. These assets can be parcels of land, shares or bonds. The money that you get from liquidating them can be used to pay for the surgery. Shares and bonds are easier to liquidate than parcels of land.

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Need FQHC Billing Help? Start Here.

FQHC Billing HelpFederally Qualified Health centers (FQHC’s) are vital in America health care system as they provide health care service to all parts of United States. Although FQHC’s are meant to ease the life of every citizen in united state, most of them are faced with revenue billing collection and management challenges which include lack of efficient staffs and inefficient systems. Moreover, most FQHC’s management laws are complicated, which make them difficult to be implemented by most facilities.

It should be noted that for a clinic to meet demands of a community, it is must operate at its peak efficiency. Under the current affordable Care Act, more patients are expected to seek for medical assistant from clinics. Although this will provide an opportunity to generate more income necessary to run the business, it needs more attention to the core objectives of the clinic to provide quality health care to the growing patient population and improve efficiency.

Where to Begin in Finding Help

The best way to improve efficiency in the billing, collecting revenue, and managing a healthy revenue cycle is to outsource these functions to FQHC's billing services providers. Currently there are several FQHC billing services available in the market. It is therefore important to know qualities and attributes that define reputable and trusted FQHC's billing services to assist you in obtaining a FQHC's company that effectively address your revenue and management needs.

A professional and experienced FQHC clinic billing company offers talented personals together with highly developed billing software to give the you humble time to focus in providing the best health care to the patients. This support is necessary to reduce the amount of time it takes to serve the patients, while at the same time minimizes errors, which is necessary in maximizing the provide.

What to Look for In FQHC Billing Companies

A good FQHC’s billing service provider should be able to deliver tools and resources necessary to handle all requirements of clinic billing process and ensure sustainable revenue. They work closely with their clients to ease the burdens that clinics experience in managing the revenue cycles. These make it easier for clinics to focus on their mission of providing quality healthcare to all the citizens. The best FQHC’s should further be in accordance with the governmental laws and capture even the smallest funding to ensure improved revenue cycle performance, which is necessary for clinic survival.

Most Reputable and trusted FQHC's companies have many highly experienced personnel who have worked with patients for a long time and have learned to treat the patient with respects and have established trust and collaboration. Reputable and trusted FQHC's billing services understand clinic’s priorities of providing high quality health care to all patients and ensuring that they feel safe and satisfied. Some of these companies have even designed a revolutionary model that assist FQHC's to achieve consistent revenue while ensuring that patients are satisfied.

Obtaining a specialized FQHC's service provider with many years of reputable experience will not only ensure increase net income and establish consistent monthly cash flow but also enhanced patient satisfaction and eliminate continuous staffing requirements. It will also provide the senior management with all the necessary tools to manage your revenue cycle.

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