2013-10-03 20:16:22 - How can the Medicaid Expansion affect your Physician practice, will it bring in new patients or just make the current ones more difficult?
The Affordable Care Act (ACA) was created in part to help reduce the uninsured significantly, by giving them an option of affordable coverage through Medicaid expansion, and the new Health Insurance Exchanges. Each state has the option to expand their medicaid programs to help cover more adults - anyone from 19-64 who falls in an income bracket under 138% of the Federal Poverty Level, which is near $16,000/year. These programs will be covered with 100% federal financing for the first three years, commencing in 2014.
What does this mean for physicians and Physician practices? Physician Practices will see more Medicaid patients. While an increase in Medicaid transactions may seem daunting, it will put more insured patients into doctor's offices. Getting paid
by Medicaid often comes with its own set of challenges, and may become even more difficult with the influx of insured and the ability for the state agencies to handle the volume. This is where an experienced Medical Billing company can ease some of the burden. Medical Billing Solutions, Inc. has extensive experience with all insurance carriers, including Medicaid, and can steer your practice through the waters of this new reality.
When Medical Billing Solutions, Inc. first opened in 1998, we knew that we did not want to be a “typical” billing company. So what sets us apart from the rest?
The main difference is our dedication and loyalty to our clients. We aim to please our clients in every aspect. We have always held to the standard of providing 100% customer satisfaction, not only to our physicians, but also their patients. Our second noticeable difference from “typical” billing companies is that we strive to give 110% in everything that we do. We look at every situation as an opportunity to increase your collections. . .we are NOT A DATA ENTRY ONLY billing company. We empower our employees to achieve quality work that provides affordability in today’s tough economy, while maintaining integrity with every action.
Most of our staff have experience working in medical offices, so not only do we understand the vast complexities of billing, but we also understand how a clinical office operates. This enables us to provide the best service to our clients. In addition, our president has worked in clinical medical practices and large hospital organizations for over 30 years. View a letter from our president to learn more about her motivation for starting Medical Billing Solutions, Inc. Visit medicalbilling4u.com
today for more information.