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As Kids Grow Older, Egalitarianism Honed
A study in Nature shows that egalitarianism begins to appear in most kids between ages 3 and 8. Scientists who studied 229 Swiss children found that at age 3, 9 percent were willing to share candy with another person. But by age 8, that number rose to 45 percent.
Medication Error Death Rate Up 500 Percent
Painkillers, sleeping pills and anti-anxiety drugs are being prescribed to out-patients in high doses, without the oversight of a doctor. A new study found that in the last 20 years there has been a 500 percent increase in the death rate from medication errors made at home.
Breast Exam Rebuttal: 'An Exam Saved Me'
Last week we reported on a study that showed that self breast exams don't help prevent death from breast cancer in women. The interview generated quite a response from listeners. Several women wrote in to say that they had found cancerous lumps in their own breasts and wouldn't be alive today if not for breast self exams.
A Partisan Divide On Health Care Reform
While both John McCain and Barack Obama agree that the American health care system needs reform, the candidates differ markedly in their vision of the remedy. Political scientist Jonathan Oberlander offers an in-depth comparison of the candidates' proposals.
Web Sites Compare How Hospitals Measure Up
A new Web site called "Hospital Compare" evaluates hospital death rates around the country and shows how individual hospitals stack up against the national average. Guests discuss the reliability of the data on the site and describe the measures hospitals are taking to improve performance.
Doctors Fear Effects Of Illegal Immigrant's Arrest
The recent arrest of a popular woman who happens to be an illegal immigrant has some North Carolina doctors concerned. The woman's immigration status apparently was turned over to authorities after she received medical care. Doctors worry that illegal immigrants will be afraid to seek care, which might lead to public health problems.
Moo North: Cows Sense Earth's Magnetism
A team of researchers sorting through satellite images of cows in 300 pastures makes a surprising discovery: Cows tend to face either magnetic north or south when grazing or resting.
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| Medical Billing Articles (updated Frequently)
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| Is Medical Factoring the Right Business Solution for your Medical Office? |
| By: Marco Terry |
Do you own a growing medical office? Learn is medical factoring is the right solution to help oyu grow.
If you own a medical office that is growing, sooner or later you’ll run into cash flow issues. Unfortunately, every business that is growing – regardless of industry – runs into them.
When faced with cash flow problems, most medical offices try to get a business loan or a line of credit. Although business loans can work well, they are not a panacea. For starters, they are not easy to get. But more importantly, they have set maximums. This means that you may outgrow the business loan if your business keeps growing quickly. This is a very important point because once you have outgrown a loan, it is very difficult to try and get a new one. The first one must be paid off.
A better option may be medical factoring. Medical factoring is a financing tool designed to help medical offices. It eliminates the 60 to 90 days it takes to get claims paid and accelerates payment time to between 2 to 7 days. This can be a huge advantage if slow paying claims have put you at risk of:
1. Missing payroll
2. Missing rent or other payments
3. Delaying important hiring decisions
Medical factoring can provide you with:
1. Funds to meet payroll
2. Funds to pay rent and vendors
3. Financing based on your claims. The more you bill – the more financing you get
As opposed to business loans, medical factoring is easy to qualify for. The main requirement is that your office be up to date in taxes and be free of any tax or commercial liens. And it’s also quick to set up. It usually takes about 10 days to set up an account for initial funding, but all subsequent fundings happen within 24 hours of submitting the request. The process is very simple:
1. You submit claims to insurance companies and send a copy to the factoring company
2. The factoring company advances between 70% - 85% of your net expected collections
3. You get immediate funds. The factoring company waits to get paid
4. Once the factoring company is paid, the transaction is settled.
Because of this , medical factoring is an ideal tool to streamline your medical office’s cash flow.
ABOUT THE AUTHOR
Are you looking for a medical factoring company? We can provide you with a medical factoring and invoice factoring financing quote. Please contact Marco Terry at (866) 730 1922
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| Keywords: Medical Claim medical factoring, learn is medical, medical offices, claims, medical office learn, Medical Claim, medical office, medical, factoring, growing medical office |
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