Connect with us

Business

How Credentialing Mistakes Affect Revenue and How Practices Can Avoid Them?

Published

on

How Credentialing Mistakes Affect Revenue and How Practices Can Avoid Them

Medical credentialing is a crucial step in making your medical practice a success down the road. It verifies that your healthcare providers are trained and certified and also have the professional experience to offer their services in the best way possible.

However, it may be a cumbersome task for most healthcare organizations as you need to deal with the filing of documents, gathering the required info, following up, etc. But it also is essential for a healthy revenue stream. Hence, you can always outsource this process by leveraging medical billing and credentialing services. Although plenty of companies offer such services, you can check out their website and make an informed decision based on their experience and reviews.

If you’re on the hunt for the impact of credentialing mistakes on your revenue and how you can avoid them, keep reading this article!

1.    Not Planning Enough Time

Not planning enough time is one of the most common mistakes that also drastically affects revenue. It’s vital to know that when you hire a new medical practitioner, you must verify them with the payers such as Medicare and Medicaid.

You need to allow the entire process at least 3 months. However, if you still hire a healthcare practitioner and they aren’t verified, the payers won’t reimburse you. Moreover, the patients won’t trust them enough without verification to get treated by them.

Therefore, you must immediately start the verification process whenever you’re planning to have a new practitioner onboard. This will give you enough time to verify them by the payers while they officially start working at the healthcare facility.

2.    Providing Inaccurate or Incomplete Info

Most entities want to get rid of the process as soon as possible. However, providing inaccurate or incomplete information would lead to delays or, in the worst-case scenario, denial.

Having to resubmit all the required documents with accurate info would need you another 3 months at the minimum. During this period, you will lose potential patients while you could have earned more.  

Thus, it’s always better to be vigilant at first and double-check all the documents you’re submitting. While filling out applications, you must make sure that you’re entering accurate data such as the name, address, etc.

3.    Lack of Follow-Up

Not following up with the payers after you have submitted the applications will work against you. Having to wait for a notice from the payers for re-credentialing can waste your time and money.

Therefore, you should keep a check on the application status, and staying in contact with them will allow you to stay updated with the process. If anything needs to be amended, you will be able to do that quickly instead of waiting for the payer’s notice.

Furthermore, you should also keep in mind that some payers may not update you on the process at all. That’s when you should step in and stay in touch with them.

4.    Not Allocating Trained Staff

If you don’t have the time to handle the process yourself or your staff is not competent enough to deal with credentialing procedures every time you hire a new healthcare provider, it will significantly affect your bottom line.

What you can do is hire experienced personnel from a well-reputed medical billing company. They will handle everything for you to ensure your peace of mind and boost your overall revenue. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

What Are The Things Employees Can Learn From Fire Safety Training

Published

on

What Are The Things Employees Can Learn From Fire Safety Training

Fire safety training is an essential aspect of workplace safety. It is designed to educate employees on how to prevent, detect, and respond to fires in the workplace. Unfortunately, there are still many misconceptions about fire safety training that may put employees and businesses at risk.

“Fire training isn’t necessary for me”

One of the most common misconceptions is that fire safety training is only necessary for employees who work in high-risk environments such as factories, laboratories, and construction sites. However, the truth is that fires can happen in any workplace, regardless of the industry. Even a small fire can cause significant damage to property and put employees at risk.

“I’ve already done fire training”

Another common misconception is that fire safety training is a one-time event. In reality, fire safety training should be ongoing and regularly updated to ensure that employees are prepared to respond to fires effectively. Additionally, some businesses assume that if they have smoke detectors and fire extinguishers on hand, they are adequately prepared for a fire emergency. However, this is not enough. Proper fire training is necessary to ensure that employees know how to use these devices effectively and respond appropriately in the event of a fire.

“The actual likelihood of a fire is really low”

The repercussions for not being properly aware of fire safety can be dire. If a fire occurs in the workplace, employees who are not properly trained may panic and make dangerous decisions that can result in serious injury or death. Additionally, businesses that do not take adequate measures to prevent fires or respond effectively to a fire emergency may face legal liability, fines, or even closure.

This is where certified fire protection specialists come in. These experts have the knowledge and experience to provide comprehensive fire safety training that is tailored to the unique needs of your business. They can help identify potential fire hazards in the workplace, develop emergency response plans, and provide hands-on training on how to use fire extinguishers and other fire safety equipment.

Who should conduct fire training?

Employing a certified fire protection specialist company to conduct fire training for your company has several benefits. First and foremost, it can help protect your employees and your business from the devastating consequences of a fire emergency. It can also help you comply with local and national fire safety regulations, which can help you avoid legal liability and fines.

Furthermore, investing in fire safety training can also help boost employee morale and productivity. When employees feel safe and secure in the workplace, they are more likely to be engaged and productive. Additionally, fire safety training can help create a culture of safety in the workplace, which can have a positive impact on overall workplace safety.

The bottom line

Fire safety training is an essential aspect of workplace safety that should not be taken lightly. It is not a one-time event, but an ongoing process that should be regularly updated to ensure that employees are adequately prepared to respond to fires effectively. By investing in certified fire protection specialists to provide comprehensive fire safety training, businesses can help protect their employees and their bottom line, while also boosting employee morale and productivity. Urgent action is necessary to ensure that your business is adequately prepared for a fire emergency. Don’t wait until it’s too late. Contact a certified fire protection specialist today to get started on your fire safety training program.

Continue Reading

Business

A Guide To Finding The Right Self-Storage Facility

Published

on

Self-Storage Facility

Self-storage solutions can be useful for individuals who require more space to keep their belongings stored and safe for an extended period of time. Whether you are relocating, reducing your living space, or need more storage for your belongings, these services can provide a secure and safe option. However, not all storage facilities are of the same quality. Here are some tips to help you identify the most suitable facility for your needs. After reading, you can search for a “self-storage near me” with confidence.

Location Is Key

One of the most important aspects to consider when selecting a storage facility is the location. You should choose a facility that is readily accessible and convenient for you to reach, especially  If you intend to visit your unit frequently, selecting a facility close to your place of work or home will make your life easier. 

Additionally, you should consider the surrounding environment. Is the facility located in a secure and safe neighborhood? How is parking and traffic in the area? These are the questions you should ask when searching for a self-storage near me.

The Facility Offers a Variety of Unit Sizes

The range of unit sizes is another crucial factor to keep in mind. You never know when you may need to downgrade or upgrade in size; having that option is extremely beneficial. Therefore, searching for a facility that provides a diverse selection of unit sizes is essential, enabling you to find the one that suits your specific requirements. 

Climate Control Environment Will Keep Your Belongings Safe

If you intend to store items vulnerable to humidity and temperature fluctuations, such as electronics, antiques, or artwork, searching for a “self-storage near me” like SecureSpace that provides climate-controlled units is advisable. These units are specially designed to regulate the temperature and humidity levels to safeguard your belongings from damaging weather conditions.

Security Should Always Be a Priority 

When selecting a self-storage facility, security is of utmost importance. You should search for a “self-storage near me” with advanced security measures, such as 24-hour surveillance cameras, gated access, and on-site management. These measures are essential in protecting your belongings from theft, vandalism, and damage. Additionally, some facilities provide individual alarms for each unit, which can alert the facility’s management and local police in case of an attempted break-in. 

Online Billing Makes Your Life Easier

Another crucial aspect to consider when searching for a “self-storage near me”  is if they offer online billing. You’ll be surprised how many storage unit services still don’t do this. This feature makes it easy to manage your account, pay rent on time, and avoid late fees. Opting for a facility that provides online billing will make your life much easier.

Select The Right Self-Storage Unit For You

Selecting the right self-storage facility for your belongings is critical in ensuring the safety and security of your stuff. By considering the factors mentioned above, you can search for a self-storage near me that satisfies your requirements and offers you peace of mind that your possessions will be safe.

Continue Reading

Business

4 Ways to Make Your Workplace a More Fun Space to Work in and Grow

Published

on

Ways to Make Your Workplace a More Fun Space to Work in and Grow

Have you noticed lately that the atmosphere at your workplace is not as vibrant as it used to be? Does it appear to be like your colleagues are not as productive and invested in work-related tasks?

If that’s the case, then you simply must do something about it. I’m referring to productivity-boost steps that will encourage them to become more engaged. If you need some awesome tips when it comes to this, then cast your eyes on these ideas below!

Opt For Bulletin Boards

Here’s an idea that will for sure streamline communication between your workers. Both online and traditional are very effective, save a bunch of time, and provide people with some relevant information.

What I love about them the most is the fact that they offer that sense of community at the workplace, which is frequently forgotten or overlooked, and will give to people that sense of belonging, which is always a nice thing.

There are a number of ways you can create bulletin boards. If you do not have the slightest idea how to make one, then browse the web to hunt down the websites that will help you get creative with your bulletin board, and make something that everyone will like. You’ll quickly conclude that internal communication has been enhanced.

Embellish Your Office

Work is not always fun, and at times, it can be extremely overwhelming and tiresome, thereby, it wouldn’t hurt to decorate your workspace, so that your employees can feel more relaxed and comfortable.

At the end of the day, there’s nothing stimulating or visually appealing in spaces that are plain, and somewhat soulless. Bear in mind that all of you spend a large amount of time in the office, hence it’s of huge importance to create an environment that’s pleasant. This way, your colleagues will look forward to working.

Fun Is Always Welcome!

As I previously stated, all of you are going to spend a significant amount of time at the office, and the tasks all of you will have to execute will not always be smooth sailing, therefore, it’s always recommendable to jazz things up by incorporating something that’s amusing and that’s going to make everyone feel happy and entertained.

For example, if I were you, I would split the workday with short breaks during which you won’t discuss anything that’s work-related. Of course, implementing this will depend on the setup of the workplace, and the preferences of your co-workers.

If you notice that they are moody, you can always send them something that’s fun, and that’s going to make them laugh. Just be sure it’s not anything inappropriate.

Go Out!

It doesn’t mean that you should be besties with your colleagues, however, I firmly believe that occasional days and nights out are going to make everybody content and will make them feel like they are not perceived as some working machines, but as humans too!

There’s no denying that work can oftentimes be very stressful, and sometimes you cannot control these things. However, what you can do is follow these tips above to make things slightly better.

Continue Reading

Trending