Healthcare finance professionals are learning how to qualify patients for social security disability insurance. More importantly, hospitals, medical facilities and doctors are also using this strategy to increase revenues.
Healthcare systems are facing many financial challenges today. The Chief Financial Officers for medical facilities are exploring and finding new ways to help patients who are disabled. According to the United States Census Bureau, “about 56.7 million people – 19 percent of the population – had a disability in 2010.” Medical finance professionals should take steps to improve their revenue cycle by expanding into Medicaid and disability social security programs.