2. In the previous year, 63.8 million adults aged 18 and up in the United
States had either a substance use disorder or a mental illness. In fact,
one in every 12 adults had a substance use disorder, and one in every
five adults had a mental illness. Approximately 12% of these adults (7.9
million) had a substance use disorder and a mental health problem. This
is referred to as a co-occurring behavioral health disorder. Amidst all
these issues, healthcare providers in the US also face various substance
abuse disorder (SUD) billing challenges adding emotional issues to
business profitability.
Every healthcare system needs help with bill issuance, follow-up, and
payment. Some issues are with patients, while others are with
healthcare institutions. In any case, they all require modern and
innovative solutions. But before that, letβs have a look at a few potential
areas of concern:
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3. Burnout:
Healthcare providers, particularly those in high-pressure fields such as
substance abuse disorders or critical care, may experience the challenge
of burnout. This can be due to long working hours on SUD billing and
other core activities, heavy workloads, and the emotional toll of caring
for patients. This burnout can ultimately lead to decreased productivity
and job satisfaction, impacting the profitability of substance abuse
treatment facilities.
Financial stress:
Nowadays, financial stress is one of the most common emotional
challenges faced by service providers. Various reasons add to the
financial stress of substance abuse treatment providers. These include
increasing healthcare costs, decreasing reimbursement rates, and
investing in expensive equipment and technology. This increasing stress
among the providers can impact their ability to make sound business
decisions and lead to frustration and helplessness among everyone.
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4. Staffing issues:
Finding and retaining qualified staff is a significant challenge for many
substance abuse treatment providers, particularly in areas with high
demand for healthcare services. These staff members include doctors,
nurses, substance abuse disorders billers and coders, and alike. This
entire process of finding and retaining can sometimes lead to
understaffing. Thereby, it can impact patient care and contribute to
feelings of stress and burnout among existing staff.
Compliance concerns:
Substance abuse treatment providers are subject to a wide range of
regulatory requirements and compliance issues, which can be
overwhelming and confusing. Such violations include upcoding,
unbundling, code alterations, and many more.
Ethical dilemmas:
Substance abuse treatment providers may encounter ethical dilemmas
in their day-to-day work, such as conflicts between providing quality care
and maximizing profits
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5. Laws, rules and regulations, and other emotional challenges affecting
substance abuse treatment facilities can change at any time, causing it
to be hard to remain profitable without expert assistance. When
considering your facilityβs growth and quality, it is essential to steer clear
of short-term solutions for long-term problems.
Many substance abuse treatment centers require SUD billing service
provider expertise in order to deal with financial stress and burnout to
ultimately increase reimbursements. Substance abuse treatment
facilities may be unaware of services that could help them improve their
operations and key performance indicators that show their success.
24/7 Medical Billing Services can assess your substance abuse
treatment facility and recommend services to ensure financial
independence and success. Our solutions and procedures are
transparent to your facility, so you can feel confident in your future
success while letting go of the operational processes.
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6. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
We are a medical billing company that offers β24/7 Medical Billing
Servicesβ and support physicians, hospitals, medical institutions and
group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow
physicians to attract additional revenue and reduce administrative
burden or losses.
INFO@247MEDICALBILLINGSERVICES.COM
7. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Media Contact:
24/7 Medical Billing Services
Ohio
28405 Osborn Road, Cleveland, OH 44140
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Phone no / Fax : +1 888-502-0537
Email us: info@247medicalbillingservices.com
INFO@247MEDICALBILLINGSERVICES.COM