Business

Hospitals Face a Complex Billing Situation in Today’s Insurance Environment

Healthcare costs are higher than ever, and providers often find themselves dealing with reimbursements that are less than expected. Hospitals should review their contracts carefully in these cases.

What Is the Standard?

The Centers for Medicare & Medicaid Services (CMS) provide a framework for medical reimbursements that many healthcare providers assume will be the norm going forward. However, insurance companies continue to strategically limit their risks by negotiating contracts that may differ from these standards. Executive level managed care expertise is required to negotiate contracts in cases like these.

Ensure Payment Within Terms

Healthcare contracts are one thing; getting paid within terms is often another challenge. Your collections department must be on top of trends with your patients and their insurance companies to ensure that you collect as much as possible.

Code Correctly

Insurance coding is complex at best. Numerous articles in the popular press have introduced the public to …

Business

Insight Into Commonly Used Medical Devices

Most of us know someone who has had a part of their body surgically repaired. Maybe you have personally gone through a procedure to fix an annoying injury or have had emergency surgery. More often than not, doctors have to utilize some type of implant to remedy the situation. Here is an overview of some of the most common pieces of hardware used in the operating room.

Plates and Screws

Whenever a cracked or broken bone requires attention, small plates are attached to encourage bone fusion and growth. Titanium or surgical grade stainless steel are the preferred raw materials used to craft these pieces. The manufacturing process consists of CNC design technology along with milling equipment. Each plate is a specific size and requires screws for securing to the affected area. These mechanisms are versatile in that they can be used temporarily and then removed, or they can become a …

Business

Top Reasons You Have a Delayed Hospital Bill

You’re sorting through your mail and find a bill for an account you thought had been closed a long time ago. The medical field is especially prone to these long-term clerical frustrations. But why does this happen? Is there anything that you, as a consumer, can do to prevent these delayed charges? Unfortunately, the answer to the latter is not a great deal, but there are a few things that you can do to get ahead of the game. You are responsible for these bills, but it is nice to know why you are being charged.

Clerical Error

As nice as it sounds, these delayed charges are rarely bills you don’t have to pay. If an unexpected bill makes it to your mailbox, most of the time you are going to need to pay for it. Hospitals aren’t particularly susceptible to sending charges to the wrong patient (largely due to patient/doctor …

Business

How to Furnish an Office on a Budget

Whether you’re a new entrepreneur just setting out on the small business journey, or an established business with a budget, furnishing an office is an important part of setting the tone for your company. Since ordering new furniture can get fairly pricey right out of the gate, here are some simple ideas on how to furnish your new office on a budget.

Buy Used     

Many types of office furniture last a pretty long time without losing their usability. Used office file cabinets are one type of item that don’t lose their value over time, but can be excellent ways to save on costs. Other types of used office furnishings that are worth taking a look at include anything with hard surfaces, including desks, cubicles, and reception furniture. If you’re patient and willing to look in unique places, you can often find barely-used furniture from high-end businesses that cycle through their …

Business

Glass Repair and Installation: Tips of the Trade

A lot can happen to your glass windows and fixtures, from normal wear-and-tear to a flyaway baseball. Here are four things to keep in mind when you’re considering window installation or window repair Dallas TX.

Check the Weather

Inclement weather can spell a lot of trouble for your windows. Between pouring rain, pelting hail, and intense wind gusts, your windows should be sturdy enough to protect you, your family, or your co-workers. Choose a reliable, certified, and insured company for any home or commercial repairs and installations. That way, you can trust that the windows will hold up during a storm.

Consider the Space

Windows come in many shapes, sizes, and styles. Besides considering the weather, take into consideration the environment and design of your home or office. Do you need tall windows to catch a glorious sunset? Would you prefer double-paned glass for extra prevention against cracks? Would the …

Business

Working in a Tight Labor Market

At this time, the world is beginning to transition to what many are calling the fourth industrial revolution. A wide variety of existing positions will exit the workforce, and millions of people will be left jobless. With this said, employers are having a difficult time hiring new employees right now because of the wages provided. If employers are unwilling to provide livable wages, potential candidates will surely tap into alternative markets such as the gig-economy. This hiring slowdown has occurred across the country, and this is especially true in Boston. If the gig-economy does not interest you and you are looking for employment, contact temp agencies in Boston.

Looking for Employment

If you are a potential candidate looking for work, now is a better time than ever to look for employment. Job openings have outpaced the number of unemployed workers in this nation for the past fourteen months. There are …

Business

Forex Trading Tips Anyone Can Put To Use

Forex is a subject that you always have to keep up to date with, you can’t expect to use old knowledge. So, you want to make sure you are always seeking out new advice and tips. Here are some new tips that you should find helpful when thinking about your forex decisions.

To promote your products, you can record an interview with someone who owns one of these products. It might be easier if you interview someone you know well. Ask them about what they like about the product and how they use it. Do not make it sound like a commercial.

While it may seem profitable to dabble in multiple currency pairs, it is not the best option to begin with. A single currency pair that you understand, like the currency of your native country, will allow you to gauge the volatility of currency exchange. As you progress, you …

Business

Semi-Automatic and Automatic Machines Can Increase Productivity

If your business manufactures products, you likely use a machine to fill the containers that then go out to the customers. Oftentimes, you pay for both the machine and the person standing there manually operating the machine. Using machines that automate some or all of that process bring many benefits to your business.

Personnel

Using an automatic or semi-automatic drum filling machine to fill your containers removes the need for a person to stand there and do the job. That person can focus instead on the assembly line, correcting errors or whatever other tasks needed to increase the efficiency of the factory. Humans must spend extra time focusing on exactly filling drums to the same height each time. That lost time may be better spent monitoring the machines and other processes.

Process

The amount of automation in your factory is up to you as the business owner. Coming up with …

Business

Ways On How To Make Money In Forex

Is currency trading of interest to you? Well, now is a great time! This article will answer any questions that you may have. Read these tips to make the first steps towards successful trading.

More than the stock market, options, or even futures trading, forex is dependent upon economic conditions. Before starting to trade forex, it is important that you have a thorough understanding of trade imbalances, interest rates, current account deficits, and fiscal policy. Without knowing these essential things you will fail.

Avoid emotional trading. Anger, panic, or greed can easily lead you to make bad decisions. Try your hardest to stay level-headed when you are trading in the Forex market as this is the best way to minimize the risk involved.

Once people start generating money from the markets, they tend to get overconfidence and make riskier trades. Trepidation can be as detrimental as being over zealous when …

Business

Supplying Your Staff With Critical Tools for Productivity

Your business reputation isn’t just built on a solid name and quality product. The employees are also part of the company’s success. Offering them the critical tools necessary to succeed is paramount to longevity in any industry. Explore the items that should be supplied to your employees so that productivity reigns.

Filling up the Break Room

An area that’s often overlooked is the break room. Supplying your staff with downtime treats is part of a well-rounded workplace. Be sure to have coffee, milk, tea and snacks on hand at all times. Encourage discussions in the break room so that everyone bonds with each other. A cohesive workforce will collectively improve productivity. Everyone will feel needed and important as projects move ahead.

Wearing Proper Industry Clothing

Every industry has its own culture. There are extremely casual businesses, such as car washes, with strict industries on the other side of the spectrum. …