Jindal Healthcare

  Healthcare is transforming right in front of our eyes. The last 12 months have rocked the industry to the core. The ways facilities engage with patients from treatment to payment processing are changing. Pain Management Clinics are at a bigger disadvantage due to limited resources compared to bigger hospitals. Despite these setbacks we have been able to help Pain Management Clinics thrive in the new healthcare economy. We are sharing 5 ways your facility can improve collections in 2024 and beyond. 1. Become spot-on with eligibility and benefit verification: The practice needs to absolutely make sure that we have the right  medical billing  information and that it is validated well within time. Just making sure that the patient is eligible may not be enough for a pain management ASC centre. 2. The service is covered in the patient’s plan when performed in the ASC setting. 3. The frequency of service is under the LCD (or similar applicable) limitations. 4. The patient’s e...

Excessive revenue leakage poses a severe risk for U.S. healthcare practices presently, many already function on negative margins. A 2018 survey conducted by Fibroblast of C-suite executives in healthcare revealed an alarming rate with which hospitals lose money or fall short of their income by hundreds of millions of dollars due to revenue leakage. What was frightening in the survey was that about 23% of respondents didn’t know the leakage costs their organizations bear. A reason directly identified with growing revenue leakages is the accounts receivable cycle.  Understanding Account Receivable and How It Impacts Reimbursements​ The longer an account receivable goes unpaid, the less likely healthcare providers receive payment at all, and after crossing 120 days or 4 months, they can only expect 10 cents per dollar owed. As per the industry standards, the average account receivable days is 40, but it differs based on a multitude of factors, including the type of service or treatmen...