When the GOP unveiled their top secret Better Care Reconciliation Act in late June, which is supposedly their proud replacement for the existing Obamacare, a lot of alarm signals went off instead of celebratory ones. Most of the concerns had to do with how burdensome it’s going to be for those with the coverage, and how it essentially will leave millions without viable insurance coverage of their own.
Social Security Disability Today
One of the demographics sure to be affected are those on social security disability. The effect may not necessarily be a direct hit, but it’s there, nonetheless. It comes in the form of the removal of the Medicaid expansion, which was originally meant to cater to the needs of low-income individuals. Once this is repealed, many folks with disabilities will have difficulty finding access to proper healthcare benefits. Read more from this blog: http://bit.ly/2veTaOd
If there’s any remaining doubt as to the relevance of revenue cycle management services to healthcare institutions, new research studies showing an upward trend for the industry in the next several years ought to quell them.
According to the studies, the global healthcare RCM market is projected to grow by as much as 5% in terms of compound annual growth rate (CAGR) come 2021. Because physicians are the biggest users of RCM software, it only goes to follow that they will also be the ones benefitting the most from this development.
With the implementation of upgraded and updated RCM services, they could easily improve on their overall processes and clear their administrative tasks more efficiently. The most obvious benefit coming from all of this is a better leeway to pay more attention and provide topnotch care to their patients who matter most. Read more from this blog: http://bit.ly/2wp6EoM
There’s been a lot of talk about Social Security as predictions and budget plans come out. For one, Social Security Administration Chief Actuary Stephen Goss claimed that the program will be able to provide full benefits to eligible recipients in the next 17 years. That’s five years longer than the fund’s solvency last year.
The increase is linked to a drop in Disability Insurance (DI) applications, which occurred after a growth caused by the economic downturn in 2008. There was a peak in applications in 2010, when the number reached 2 million compared to the 1.5 million recorded in 2007. However, the number of people applying for Disability Insurance has been declining since 2013 and the current rate is lower than the number recorded in 2007. Read more from this blog: http://bit.ly/2wkPYiv