Posts tagged with "insurance"

Doctor, Coronavirus, Health, Vaughn Lowery, 360 Magazine,

6 Proactive Ways a Hospital Billing Company Can Maximize Your Revenue Collection

By MedcareMSO

The federal government has brought about a lot of changes in the US healthcare system since the past few years. These changes have introduced a lot of challenges for providers and patients alike. Many aspects of healthcare reform including; the introduction of more time-consuming, value-based compensation models and the frequent alterations to hospital medical billing rules and regulations can cause a significant range of revenue loss for providers across the United States.

Therefore, if providers fail to stay up-to-date on hospital billing rules and regulations result in providers leaving approximately $125 billion in uncollected revenue each year. Specialty practitioners like radiologists face even greater difficulties due to the complexity of their billing procedures.

Simultaneously, patients can’t afford increasingly expensive healthcare services due to high-deductible plans. Therefore, hospitals should partner with a reliable hospital billing company that can help them guide them strategies to help them encounter these challenges.

How can a hospital billing company help you over hurdles?

Let’s paint a dismal picture of the financial health of the industry with authentic data paints. It would help providers to analyze their reimbursement models and mitigate practice financial issues and compliance risks. In this article, I have enlisted 6 proactive ways that can help providers to take a proactive approach to maximize their revenue generation.

1. Prepare a Clear Collections Process

All practices require a collection process to ensure the financial health of their medical business. They should establish a step-by-step procedure that clarifies the procedure for all. It can greatly improve revenue cycles by ensuring patients are properly and thoroughly aware of their responsibilities.

2. Focus on Claim Management Properly

According to a recent study, 80% of claims are rejected due to errors yearly. Due to the strict policies of insurance companies about accurate medical billing and coding practices, they are likely going to end up being rejected. Therefore, practitioners should prepare claim management that focuses on streamlining each step with 100% focus on the cycle of submission, rejection, editing and resubmission can take weeks. It often results in providers waiting for months prior to receiving payment for their services.

3. Minimize Coding Errors

Medical coders describe the performed medical procedures within a claim using standardized medical codes. It makes the claims easy to understand and proceed for further levels. These codes can use ICD-10_CM, CPT and HCPCS Level II classification systems. This process provides a standard method of describing procedures. However, a hospital billing specialist can ensure that the claim is prepared with less or no error. So it can be reimbursed for the first time without wasting the times and efforts of the whole team. Most importantly, if you partner with a reliable hospital billing company then their certified employees can ensure that your claims are not filed with out-to-date, mismatched, incorrect or missing codes. Because when these mistakes are identified by the clearinghouses then they deny such erroneous claims before they can become an issue for payers.

4. Promptly Follow-up on Denied or Rejected Claims

Before diving into details, let’s establish the difference between a rejected claim and a denied claim.

Rejected Claim: A rejected claim is one that hasn’t been processed yet due to the existence of one or more errors. It hinders the insurance company from paying the bills as it is written.

Denied Claim: A denied claim is a claim that the insurance company has processed and has considered unplayable due to the discovery of a violation of the payer- patient contract or due to the identification of vital errors caught after processing the claim.

In both of these scenarios, the payer will return the claim to the biller without paying any amount with an explanation of the problem. If you have the best hospital billing company on your side then you can rectify and resubmit your claims. But remember that a denied claim is appealed prior to resubmission. Consequently, it is a much more costly and time-consuming process.

Therefore, it is essential to check for errors in a claim to minimize the occurrence of rejections and denials. However, if such errors occur then make sure that they are handled as quickly as possible. Here comes the profitable aspect of a dedicated hospital billing company that consistently keeps in touch with the representatives of the payer.

Hence, they can help clarify problems with the original claims and provide information on current claims as they are processed. All of these endeavours would result in the expedition of the claim editing process, minimize appeals and resubmission times. Hence, it would save your practice sufficient time so you can invest your time and efforts in providing quality care services.

5. Improve Operational Capabilities

The healthcare field is constantly changing, therefore, hospitals should follow suits to maximize their efficiency and revenue. A hospital billing company can save your administration time by providing analytical reports and guidelines to comply with the latest healthcare regulations. Hence, medical staff at hospitals can identify key areas that are causing problems and demand new strategies to address those problems.

6. Partner with a Reliable Medical Billing Company

Medical practices must constantly deliver quality care services and comply with current trends in medicine and proper staff management. They must also stay current with the most recent rules about medical coding protocols, insurance companies and medical billing regulations. With so much depth to comply with, an already busy medical staff can slip through the cracks that can lead to rejections, denials, and underpayments that make medical practices to invest their important time and money in the administration procedures.

Along with their insider’s view or in-depth knowledge, a hospital billing company can implement billing procedures and use smart software solutions and equipment to help providers stand out. This can help you manage challenges that arise due to the costly time and labour involved in monitoring down debtors, submitting and editing claims. In this way, it’s an effective way to increase revenue and regain control over your hospital billing department.

If you are looking for the best hospital billing company that can help you achieve your success with fast and reliable collection management, then outsource hospital billing services to medical billing companies, Learn more! We provide the best medical billing services and help you run the business more efficiently!

 

Rita Azar, 360 MAGAZINE, travel, illustration

Knowledge is Power: The Secret to Stress-Free Travel

Travelling is great. Whether it’s a road trip within your own borders or a transatlantic adventure, the act of getting out and exploring is something we all enjoy doing. But, before you can relax and have a care-free experience, you need to protect yourself and anyone that’s with you. Basically, the aim of travelling is to see new places, have fun, and escape the stresses of daily life. However, you can only be stress-less by getting your affairs in order before you go travelling. In today’s tech-first world, the internet has the prevention and solution to almost any problem. With this in mind, we’ve outlined the travel essentials you need to know before you pack your bags.

Know Your Flight Rights

If you’re planning a trip abroad, one of the most stressful hurdles you need to overcome is the flight. Just getting to the airport, making it through security on time, and boarding the plane are stressful enough. However, when delays strike and you’re stuck not knowing whether you’re going to fly, things get even worse. Fortunately, you’ve got rights. The team at Flightright are experts in all things travel-related. Using their 10 years’ of experience, the team not only fight for your travel rights in court (with a 99% success rate), they’re on hand to arm you with knowledge. When it comes to delays and flight cancellation compensation, their advice is evidence.

Collect proof of expenses related to your trip, alternative ticket costs and, of course, flight details. As long as you’re able to provide evidence on demand, you’re entitled to compensation of up to €600/$660 per person for delayed and cancelled flights. As you’d expect, getting something back from an airline isn’t easy. However, there are laws in place to protect you. So, by simply knowing that you’re entitled to compensation, without affecting your right to fly, you can sit and wait without any stress.

Be Sure to Insure

Although you don’t need travel insurance to claim compensation for delayed/cancelled flights, you will need it if anything else goes wrong. Medical coverage is the obvious expense you’ll need travel insurance for. However, the best policies will cover a variety of potential problems. MoneySuperMarket is just one comparison site that allows you to scan through dozens of insurance options. Perhaps the most important thing you need to consider when you’re purchasing insurance is what could go wrong. Standard policies will cover medical expense, personal liability, emergency assistance, and lost baggage.

However, what the average scheme won’t cover are things like extreme sports, pre-existing medical conditions, and natural disasters. Obviously, if you’re going skiing, this means you’ll need to take out extra cover. Additionally, if you’re going to a place that’s known for its tropical weather, such as Thailand during the stormy season (April to October), you might want to bolt on extra cover. Again, it all comes down to knowledge.

If you’re armed with the right information, you can react accordingly in all situations. What’s more, you can protect yourself from things before they go wrong. Even if you can’t stop every eventuality, you can at least be ready for them. That’s the best way to have a stress-free experience and get maximum enjoyment from your travels.

Sara Sandman, 360 MAGAZINE, illustration

Who’s Liable When an Uber Driver is Involved in an Accident?

Whether you’re a driver or a passenger, the last thing you’d want to imagine is being involved in a car crash. A car accident is often a deadening experience that, in addition to causing physical and emotional pain, can wreak havoc to the victim’s financial health. But accidents do happen from time to time, and they don’t come knocking at anyone’s door.

Since its founding in 2009, Uber has grown to become inarguably the most popular cab service not only in the US but in many other countries around the world. When you’re new in the city and want to navigate from one point to the other, you just call an Uber and you’re good to go. You get into a club, take several shots and you feel you’re not confident enough to drive yourself home, you can simply leave your vehicle, call an Uber and come pick your vehicle the next day when you’re not intoxicated. They’re an affordable and highly convenient means of transport.

However, this is not to say that an Uber driver cannot get into a car crash, which may arise from his negligence or the negligence of another driver. If you’ve been hurt in an Uber crash or another ridesharing service, the folks at http://www.brookslawgroup.com/car-accident-lawyer/uber-lyft-accidents/ say that finding an accident lawyer should be one of the first things to do. This is because car accident issues can sometimes be complicated, lengthy, and emotionally draining if you approach it alone. With a good car accident lawyer, the process of seeking compensation for your injuries and losses becomes smooth and less stressful, giving you enough time and peace of mind to heal and get back to your normal life. 
The big question, however, is, who’s liable for the damages in case this happens?

Car Insurance

In essence, all drivers are required to carry car insurance to be on the road. Remember, most cars under the Uber umbrella are actually owned by third parties or the drivers themselves. But since Uber is a large, well-reputed brand, many cab drivers choose to operate under Uber instead of conducting business as individuals or under other smaller ridesharing services. The good thing is that before Uber accepts a driver, they have to carry car insurance, which is meant to protect them from liability in case they were at fault in n auto accident.

Who’s Held Liable?

Now, if you or a loved one has been injured in an uber crash, liability lies in the driver who caused the accident. In other words, there are various scenarios to it. You could be a passenger in the Uber or a passenger/driver in the other vehicle. Either way, the driver who is found at fault for the crash (or their insurance company) should be the one to cover the resulting damages, including medical costs and compensation for your losses, pain, and suffering. But sometimes accident compensation matters can be highly complex and difficult to navigate, which is why is important to work with an accident attorney from the word go.

Supplemental Uber Insurance

The other good thing about Uber is that they also provide supplemental insurance to their drivers. This is specifically meant to help passengers who may get hurt in an Uber car crash. The accident policy, in the US, for instance, covers a liability of up to $1 million, which may be enough to compensate you for your losses, pay your medical bills, and other out of pocket expenses the persons involved in the accident might have incurred after the car crash. The ridesharing service also provides coverage of up to $50,000 per person and $100,000 per accident, along with $25,000 coverage for property damage caused by the accident. However, the caveat to this is that for the insurance to become available, the Uber driver has to have had the Uber app on during the ride. This makes it important that as a passenger, you always ensure that your driver has the Uber app on as soon as you board the vehicle.
 
After an Uber driver is involved in a car accident, the liability lies in the person at fault. They, the other driver, or their insurance company could be held liable. In a rideshare accident, some common types of compensation available include medical expenses, lost wages, pain and suffering, and loss of companionship, among others. Whether you’re the driver or the passenger in the accident and you’re injured, it is important to seek medical attention, talk with an accident attorney, file a police report, and get insurance information as soon as possible. This helps ensure that whoever is to blame for the accident is brought to justice and that you receive your compensation where due.
 

Vaughn Lowery, 360 MAGAZINE

Helpful Tips to Find the Best Dental Insurance Option for You

Have you ever had a toothache? If so, you know how important it is to have access to quality dental care when it’s needed. It’s even more beneficial if you can seek regular dental checkups and cleanings, as this is going to prevent an array of common dental problems.

Unfortunately, if you don’t have dental insurance, the cost of these treatments and checkups may prevent you from seeking this care as often as you should. The good news is, there are an array of dental insurance plans to choose from. Keep reading to learn how to find the best dental insurance option here.

Consider Your Family’s Needs

Each member of your family should have preventative care checkups, cleanings, and X-rays. If you have children, they will need a few extras, such as sealants, fluoride treatments, and sometimes, braces or other dental appliances. For children who are involved in sports or who are very active, mouth guards may be needed.

You need adult dental insurance for things such as replacement of missing teeth, gum disease, and tooth sensitivity. Seniors may have health problems, such as heart issues and diabetes, which means preventative dental care is still crucial.

What Dental Insurance Plans Are Available in Your Local Area?

You need to begin narrowing down the options for dental insurance by what’s available in your county, state, or even Zip code. Most insurance companies don’t offer all the plans they have in each region, so you can keep things simple when you only compare the plans that you have the ability to purchase.

Try to Find a Plan with Several Dentists and/or Dental Practices

For several reasons, you may want to have over one dentist to go to or choose from for dental care. If you limit your options to just one dental practice or dentist, what will happen if you can’t go during their office hours, or if you end up having a problem with one of the dentists or staff members? Make sure your family has the flexibility of being able to choose between dentists or dental practices.

Consider All the Related Costs

When you are looking for a dental care provider, one of your first considerations is the monthly cost, called the premium. You also need to look at the deductible costs, or the total amount of money that you are going to have to pay out of pocket for the dental services before your insurance will kick in.

You should also consider the maximum annual limit. The majority of insurance companies will cap the total amount they will pay each year for dental treatments. If you reach this annual cap, then you will have to cover any other costs for treatment. This is especially important if there is someone in your family who suffers from serious ongoing dental issues. There are some insurance plans that will also limit the total number of a certain procedure that is allowed each year. Make sure you factor this into your decision.

Find Out What Treatments are Covered in Each of the Plans You Consider

The majority of routine dental treatments will be covered under your dental insurance plan. However, there are some plans that will not cover certain treatments, such as dentures or teeth whitening. While other plans may cover these treatments, they may only cover them to a certain amount of time. Be sure that you know precisely what is going to be covered and what isn’t covered by the insurance plan before selecting one.

It’s also important to note that there are some insurance plans that require a waiting period. In fact, you may have to wait up to 18 months before you can get the coverage needed for specific procedures. This is typically the case for dental work that is more expensive.

Consider Savings Plans or Discount Dental Plans

Completely unique from insurance, dental discount plan or savings plan allows you to join a group where you can enjoy discounts on specific services. Keep in mind, this isn’t insurance, it will just help you save money on the services and treatments that you need.

Finding a Dental Plan that Works for You

There is no question that you want to find a dental insurance plan that works for you and your family’s dental health needs. You need to consider the factors here to feel confident in the decision that you ultimately make. Don’t rush in and automatically choose the plan with the lowest premium cost; as this is going to result in higher costs for the deductible and out-of-pocket procedures. 

By taking your time, considering all the factors here, and learning about the dental insurance options available in your area, you can choose the coverage that will help ensure you and your family’s good oral health now, and in the future. 

Navigating Healthcare

Navigating our healthcare system can be challenging, especially when you are not feeling well.  One of the biggest questions that patients face is deciding whether their symptoms warrant a trip to a doctor’s office, urgent care clinic, or the emergency room.

For most health problems, your primary care doctor—usually a family doctor, internist, or pediatrician—is often in the best person to provide the first line of advice for health concerns.  These primary care physicians are equipped to handle most chronic health problems and minor complaints. Examples of conditions that can be managed by your primary care physician include muscle strains/sprains, joint and back pain, coughs and cold symptoms, minor burns and injuries, headaches, and stomach and intestinal problems (as long as the patient can drink fluids normally).

Many primary care physicians are able to perform procedures like joint injections and drainage of abscesses, dress wounds, and provide referrals to the right specialist if needed.  Most primary care offices can order blood tests, and many can perform immediate rapid tests for pregnancy, urine infections, strep throat, and influenza. Some even offer x-rays on-site.  

An advantage to seeing a primary care physician is that your regular doctor usually knows you and your medical problems best and is able to provide follow-up for your medical conditions.  If you’re having a hard time finding a primary care physician, you can ask your friends or family for recommendations, check with your insurance company to see who is in network, or search for your area on this physician mapper.  

Urgent care clinics include walk-in clinics which may be associated with a retail pharmacy or hospital system. They are most often staffed with nurse practitioners and physician assistants which means that you are unlikely to see a physician. Examples of complaints that can be managed by an urgent care clinic include straightforward conditions like colds, influenza, minor sprains/strains, minor skin cuts, and minor burns (not to hands/feet/genitals/face). Urgent care facilities often have access to an x-ray machine and can diagnosis and splint (but not cast) a fracture.  They may also have access to some of the more common blood tests. An advantage of urgent care is that they are often open on weekends and after hours when your primary care physician may not be available.

The emergency department (ED) should be reserved for true emergencies. Examples of

complaints that should be seen in the ED include chest pain, shortness of breath, stroke symptoms such as difficulty speaking or weakness on one side of the body, fractures where there is bone outside of the skin, fainting, severe headache, and inability to keep down liquids. EDs are always open but can be the most expensive option when it is not a true emergency. When you go to the ED, you may see a physician, nurse practitioner or physician assistant.  It’s important to be aware that not all EDs have physicians working on-site. When you or your loved one in sick, you should ask the credentials of the clinicians who are taking care of you and know that it is okay to ask to be seen by a physician.

Rebekah Bernard MD is a Family Physician and the president of Physicians for Patient Protection.

Lexus, GS F, Vaughn Lowery, Toyota, 360 MAGAZINE, Anthony Sovinsky

How To Choose The Right Motor Trade Insurance

When you are a professional who works with vehicles every day, you need to make sure that you are protected against anything that might come your way. Say, for example, you are a mechanic who needs to drive a client’s car. Do you have the right kind of insurance cover for this?

Motor trade insurance is the perfect kind of policy for this kind of role. If you don’t already have motor trade insurance then you should make sure that you invest in the right kind of policy. Here, we are going to help you choose the right motor trade insurance for your business. Keep reading to find out more.

Do You Need It?

If your business has ‘care, custody or control’ of someone else’s car you will need Third Party motor trade insurance at the very least.

Some of the common types of roles that require motor trade insurance include car dealers, bodyshop repair garages and valets. These are the people who are likely to be driving around in someone else’s vehicle and any business that employs this kind of staff needs to have the right kind of cover. Make sure to find out if your business requires this kind of insurance before taking out a policy to ensure that you don’t waste any money in the future.

What Is Covered?

Motor trade insurance will be tailored to the needs of the business, and as such it’s impossible to say exactly what will be covered by each policy.

Each policy will be different and you might need to pay more for the more comprehensive policies. Some things that you might expect to be covered by this kind of insurance may not be, so make sure that you are reading all of the terms and conditions carefully before you take out a policy.

Comparing Prices

When you are trying to choose the right motor trade insurance policy for your business, you need to make sure that it is affordable. Policies will range in price depending on the type of cover and the company that is providing it. It is always a good idea to compare the prices of different policies before you make any commitment to the deal.

You can do this easily by using an online platform who will look at your requirements and provide you with the best deals across a range of providers. Don’t just go for the first one you see, ensure you compare providers using a price comparison platform. This will help you to find the right price and not overpay for your insurance. This is something which will help to keep your business costs low as we are sure that you will have a lot of other things to pay for.

Optional Extras

Finally, you might want to consider looking at some of the optional extras that can be added on to your motor trade insurance policy. These extras are things that can make your policy more comprehensive and personalised to your business. Some of the things that you might be able to have added on to your policy include European cover, Parts Only cover and cover for your business premises.
Some of these optional extras will add a lot of money to your policy while others might only have a small impact on the cost. Make sure to only add on the things that you need and don’t be swayed by an insurance company that wants to make some extra money from you.

Final Thoughts

Choosing the right kind of motor trade insurance for your business can be tricky but if you think about it carefully then you should be able to find the right policy. It is important that you know first what you need to be covered for and that you have a budget in mind. If you can find a policy that covers everything that you need and you find it for the right price then you should be able to make the right decision.

We advise that you always compare prices before you commit to any kind of policy in the future. Soon, you’ll have your motor business up and running and be covered should anything happen while you are on the job.

Can’t Afford Dental Braces For Your Kids? Here Are 5 Solutions

The last thing a financially struggling parent wants to see is their child’s teeth coming in crooked. After groceries, school clothes, car payments and the rent or mortgage, there may not be much left to pay for a trip to the orthodontist so the child can be fitted with braces.

But for those determined to help their child improve their smile, there are ways to work around those financial difficulties.

 “Sometimes you must be creative, but many families who want to give their children orthodontic care can do so with a little planning and budgeting,” says Dr. Ana Castilla, an orthodontist and author of The Smile of Your Life: Everything You Need to Know for Your Orthodontic Journey (dranacastilla.com).

Dr. Castilla knows from personal experience what it’s like to be a child who needs and wants braces, but whose parents can’t afford them. She had to wait until she was an adult and could pay for them herself.

She says one of the first mistakes parents make is waiting until they think they can afford orthodontic treatment before taking their child in for an evaluation. However, waiting can only make the situation worse as many issues can be corrected easier and less expensively with early treatment. 

The American Association of Orthodontists recommends children be seen by an orthodontist no later than age 7. Dr. Castilla encourages all parents to take advantage of free consultations offered by most orthodontists so they can become aware of any issues with their children’s teeth. 

She also has several recommendations for ways to work orthodontic treatment into the budget:

Flexible financing. “Most orthodontic practices offer zero-interest in-house financing but not all of them are equally flexible in their payment plans,” says Dr. Castilla. She says parents should ask if they offer “extended financing.”  This type of financing is longer than the length of treatment. For example, the treatment may last only 24 months, but the last payment may not be due for 36 months.   

Insurance. You are not required to have insurance to get orthodontic treatment.  However, Dr. Castilla says if you do have insurance, be sure to read the policy.  “You need to be your own advocate and learn the rules of your coverage,” she says.  Many parents rely on an employer promises instead of reading the policy.  “Just because your employer says you have coverage for braces, that doesn’t mean you are fully covered – or even covered at all,” says Dr. Castilla.  There are many factors that affect coverage such as age limitations, waiting periods, and insurance payment schedules. 

Combine insurance policies if possible.  If you and another member of your household have two or more separate insurance policies, there is a chance that both insurances can help pay for treatment. Your employer’s human resources department should be able to help you maximize your benefits.

Use flexible spending accounts and health savings accounts.  “Many employers offer these accounts to their employees to help them manage their health expenses,” says Dr. Castilla. Employees can contribute tax-free dollars for payment of qualified medical expenses, such as orthodontics.   

Use third-party financing companies (medical credit cards). This is not the No. 1 option that Dr. Castilla recommends because of high interest rates.  “I would only consider this option if you cannot find an orthodontist that offers extended financing near you,” she says. “Make sure you read the fine print.”   

“I hated my teeth as a child, but I kept it to myself because I knew my parents could not afford braces for me,” Dr. Castilla says. “When I was finally able as an adult to fix my smile, I realized what a negative impact my old smile had on my self esteem. That’s why I want to help as many parents as possible afford a bright smile for their kids.”

HOW CAN YOU GET ADDICTION TREATMENT WITHOUT INSURANCE?

One of the most critical situations in modern society is being alone in a difficult situation. What do we have to do if you found out that you are alcohol or drug addicted? Surely, the first thing to do if you cannot control yourself is to ask for help. However, sometimes it happens that you have nobody to ask for help or people, who wish to help have no possibilities.

How much does rehab cost without insurance?

Actually, there is no correct answer to this question, because different recovery programs use different techniques, different specialists work with you, they use different medicines, and there are many other different conditions, which determine the price. First, look through the types of rehab facilities to choose the one you need. They may be medical detox centers, intensive outpatient programs, holistic rehab center, partial hospitalization programs, standard outpatient treatment, etc.

To talk generally, inpatient treatment usually costs more than participation in outpatient rehabilitation programmes in Bellevue. It is evident as the inpatient treatment foresees that you live in the facility and use all the conveniences, receive food, get medical supervision. The price also depends on how long you stay in the rehab facility and what other services and amenities you require (private rooms, swimming pool, gym, massage, etc.).

One is tempted to ask the question of what to do if you have no opportunities to pay for your addiction treatment? Is that possible to get help for addiction without insurance?

Different social programs may cover your expenses for the rehabilitation programme partially or fully. First, if there are some life-threatening risks of consuming some substance, you would receive emergency treatment and regardless of whether you can pay or not. Hopefully, you will not get into such a situation.

There also exist some options for flexible payment. They may be scholarship, grant, financing, etc. It is important to note here is that cutting corners on recovery programme may turn into future problems. It is of utter importance to reclaim your health and life. The fact is that you would spend more money on drugs or alcohol if you continue succumbing to the addiction than on any rehab for people with no insurance (find more here).

Do not be too lazy to call several recovery centers and find out what conditions of payment they have. First, many treatment facilities may offer reduced treatment costs or a sliding fee scale because of the pieces of evidence that you do not make high enough income.

Secondly, there exist some non-profit organizations or foundations, which may offer you some scholarships. Usually, one of the conditions of getting a scholarship is the absence of insurance. Application for such programs may give you the way to rehab for people with no insurance.

Thirdly, depending on your credit score, you may ask some lending institutions for providing drug or alcohol treatment without insurance. The specifications of such cooperation differ in each personal case.

Fourthly, do not be too shy to ask your friends and relatives. Sometimes they do not even know that you need this sort of help. Doctors say that involving family members into the process of recovery may make you closer and you would definitely feel more support. This may also change the views of your family on the attitude before and make it more integrated. A friend at court is better than a penny in purse.

To sum up, do not be afraid of sharing your problems. In the modern world, many people feel sympathy for those, who cannot afford treatment, so the only thing you have to do is to ask.

Author:

Jeffrey Buckley is a blogger who investigates human health issues and behaviorist anthropology. He researches substance abuse problems and the ways to overcome addictions.

 

Finance Trends for 2019 and Beyond

Trends That Will Impact the Finance Industry 2019 – 2020 and Beyond

It is undeniable that the pace of technological advancement is the major force behind the changes happening in the global financial services industry (FSI). Financial institutions are left with no choice but to adapt their business models accordingly to remain competitive in the markets they operate.

FSI outlook reports for 2019 to 2020 and beyond by various top financial consulting firms in the world, PwC , Cooper Parry and Deloitte, show that FinTech, digitization of operations, data analytics, client self-service, and blockchain are the most likely sources of disruptions in the financial services industry over the next two years. This article captures the real-world implications of these changes and provides insight on how organizations can prepare to win in the increasingly dynamic playing field.

FinTech to Steer the new Business Model

Today, there is nothing more disruptive in finance than FinTech. Using service-oriented innovative technology, FinTech start-ups have finally become the unopposable tools for breaking into financial services. A recent Global FinTech Survey by PwC showed that traditional players are worried of losing about 25% of their business to standalone FinTech start-ups within the next 5 years.

In a smart move to remain competent in the industry, incumbents are smartly embracing disruptions. Large to small financial institutions have come to the realization that it is no longer about integrating technology into business operations but using financial technology as a central facet of new business models.

Analytics: Key Decision-making Tool

Data has never been more critical to businesses like it is today. Data analytics combined with artificial intelligence and machine learning will be key technological trendsetters for the financial services industry in 2019 and beyond.

Business analytics is continually becoming an essential tool for truly transforming financial institutions into data-driven organizations. Financial institutions are expected to invest in technologies surrounding data analytics to realize the massive power of data on hand and that which they can collect (big data). 2019 and 2020 will therefore witness massive increase in data utilization by these institutions. Even institutions that offer products for Forex trading for beginners are keen to use advanced data utilization technologies to ensure that their customers are able to make profitable Forex trades from the onset of their careers.

Mainstream Digitization

Retail banking, payments, insurance, and wealth management are areas in which digitization of operations is already taking place at great lengths industry-wide. With internet development and continuous technological advancement, financial institutions are putting more investments into digitization of more and more business operations to achieve more efficiency.

The e-commerce way of doing things has become the new normal in financial services. This is evidenced by the tendency by financial organizations to transform traditional operational units into e-business units. This trend has also caught pace in financial regulatory institutions.

Shift to Client Self-service and Increasing Value of Customer Intelligence

Delivering superior client experience is one of the major competition grounds for banks, insurance companies and investment management firms. Every other day, these organizations are looking for new technologies to provide more relevant services to their clients and in the most seamless ways. Self-service platforms are especially growing in popularity.

As services become digitized, financial institutions are keen to provide technology-based solutions that add value and enhance client experience. It is no longer just increase the number of self-service functionalities.

Of critical importance is making sure that technological capabilities being developed are customer-intelligent. Customer intelligence deals with how an organization interacts with its customer as it seeks to meet the client’s needs. Being customer intelligent is a key trend that will potentially drive FSI revenue and profitability going forward.

Blockchain Will Become an Integral Part of Financial Institutions

Just recently, one of the world’s biggest banks, HSBC, reported how using a blockchain-based system enabled it to make significant cost savings on Forex transactions. It is evident that blockchain has started shaking things up in financial services. There is a surge in funding and innovation in FinTech and blockchain. There are convincing signs that the use of blockchain is likely to become a crucial part of financial institutions’ operational and technological infrastructure.

Adaptability: How to Win in Financial Services

Future winners in FSI are institutions that can envision and execute initiatives at a faster pace than the speed of change. The institution must have an evolving mindset and culture to enable it acquire the right talent and capabilities that will help to develop flexibility and innovativeness. It must also be prepared to invest adequately in securing its brand as a technology leader among its competitors. This is the only way to gain sustainable growth in the increasingly digital future.

Lawsuit Against Anthem/WellStar

Atlanta area attorneys Jason Doss and Joy Doss will announce the filing of a major lawsuit in the growing controversy over the disruption of medical services to thousands of Georgia residents in the wake of Anthem, Inc./Blue Cross and Blue Shield of Georgia, Inc. (Anthem) enticing new customers to switch health insurance providers during the latest open enrollment period to Anthem with the promise that Georgia’s largest health care provider, WellStar Health System Inc. (WellStar), would be an in-network provider. The details of the lawsuit will not be announced until the time of the phone-based news conference.

WHAT:

During the most recent open health care enrollment period of November and December of 2018, Anthem engaged in a health insurance coverage marketing scheme that lead consumers across Georgia consumers to purchase individual and family health insurance policies to believe that they would continue to have in-network access to the doctors, specialists, and hospital facilities of Georgia’s largest healthcare provider, WellStar. One month into the new plan coverage period and with customers locked into Anthem until January 1, 2019, WellStar is no longer an in-network provider under the Anthem Pathway health insurance plan.

WHO:

  • Jason Doss, attorney, The Doss Firm, LLC, Atlanta area.
  • Joy Doss, attorney, The Doss Firm, LLC, Atlanta area.
  • A Marietta area woman who has significant health issues requiring nine specialists will have to replace the majority of her WellStar specialists as well as her primary care physician from whom she has had treatment for 20 years.
  • An Atlanta area man who has had significant heart problems since 2004 and was diagnosed with prostate cancer in 2016 will no longer be able to see the same WellStar physicians and specialists for treatment.

WHEN:

1:30 p.m. p.m. EST, Tuesday, February 5, 2019.

WHERE:

Reporters can join this live, phone-based news conference (with full, two-way Q&A) by dialing 1 (877) 418-4267. Ask for the “Anthem/WellStar” news event. A streaming audio recording of the news event will be available on the Web as of 5 p.m. EST on February 5, 2019 athttp://www.dossfirm.com/.

MEDIA CONTACT:   Whitney Dunlap, (703) 229-1489 or wdunlap@hastingsgroup.com.