This document discusses innovative financial solutions to increase healthcare profitability in a risk-free manner. It outlines 12 tools including accounts receivable lines of credit, factoring, and portfolio funding to provide cash infusions using typical A/R, medical lien A/R, bad debt A/R, and self pay A/R. Other solutions discussed include medical lien and prescription funding, bad debt portfolio purchasing, and co-pay/deductible software and servicing to eliminate delays and risks in accounts receivable collections. The tools are presented as providing risk-free capital sources, increased cash flow, reduced overhead expenses, and significant profit margin increases for healthcare providers.
Practical Steps for Managing Provider Relief Fund DistributionsCitrin Cooperman
The document provides guidance on managing distributions from the Provider Relief Fund, including important deadlines, an overview of the fund, and recommendations for eligibility, fund usage, documentation, tracking, and reporting. Key points include the August 3 deadline to apply for Medicaid/CHIP and dental provider funds, requirements that funds only be used for COVID-19 related expenses and lost revenues, and the need to substantiate eligibility and fund usage through documentation of expenses, revenues, and internal controls.
Sun Life Financial Inc. is an international financial services company known primarily as a life insurance company operating in over 50 countries. It provides a variety of insurance products including life, health, disability, critical illness, and long term care insurance. Sun Life uses an underwriting process to evaluate risks and classify policyholders to determine appropriate premiums. It has a strong claims management process that involves assessing claims, processing payments, and detecting fraud. While Sun Life is highly rated and has a large customer base, it faces challenges from increased competition and needs to improve its underwriting and claims processes to reduce costs and enhance customer loyalty.
This document provides a summary of employee benefits for 2012, including medical, dental, vision, life and disability insurance. It outlines the various plan options for medical coverage through Health Plus, including HMO, PPO, and high deductible plans. Details are provided on costs, networks, deductibles, and out-of-pocket maximums. Other benefits like dental through Assurant, vision through NVA, and life and disability through Mutual of Omaha are also summarized. Information is included on enrollment timelines and carriers' contact information.
Health insurance policies are broadly divided into 2 kinds on the basis of claims, Cashless Health Insurance policy and Reimbursement Health Insurance Policy.
When choosing a health insurance plan, make sure that you compare health insurance polices across different insurers. If you compare health insurance online, then it may be easier to list out the pros and cons of each plan and find the one that works for you.
Employee benefits can be complicated but are important protections. This document provides an overview of health insurance basics and terminology. It explains that health insurance spreads costs among groups and improves access to care. There are different types of plans including group insurance through employers and individual plans. Key terms are defined, such as premiums, deductibles, copays, coinsurance, and out-of-pocket maximums. Understanding these concepts makes health insurance easier to navigate.
Health insurance provides coverage for medical expenses through a contract between an insurer and an individual. It offers key benefits like cashless treatment at empaneled hospitals, coverage for pre- and post-hospitalization expenses, and ambulance fees. When buying a health insurance policy, it is important to consider the age criteria, appropriate premium and coverage amounts, waiting periods, cashless hospital networks, and other clauses. Health insurance offers tax benefits under Section 80D and can help cover unexpected medical costs.
This document provides definitions for over 100 commonly used personal finance terms organized alphabetically from A-Z. Some of the key terms defined include 401(k), adjustable rate mortgage, annual percentage rate (APR), assets, bankruptcy, bonds, credit, debt, interest, liabilities, mortgage, stocks and will. The definitions cover concepts related to savings, investments, loans, insurance and retirement planning.
Practical Steps for Managing Provider Relief Fund DistributionsCitrin Cooperman
The document provides guidance on managing distributions from the Provider Relief Fund, including important deadlines, an overview of the fund, and recommendations for eligibility, fund usage, documentation, tracking, and reporting. Key points include the August 3 deadline to apply for Medicaid/CHIP and dental provider funds, requirements that funds only be used for COVID-19 related expenses and lost revenues, and the need to substantiate eligibility and fund usage through documentation of expenses, revenues, and internal controls.
Sun Life Financial Inc. is an international financial services company known primarily as a life insurance company operating in over 50 countries. It provides a variety of insurance products including life, health, disability, critical illness, and long term care insurance. Sun Life uses an underwriting process to evaluate risks and classify policyholders to determine appropriate premiums. It has a strong claims management process that involves assessing claims, processing payments, and detecting fraud. While Sun Life is highly rated and has a large customer base, it faces challenges from increased competition and needs to improve its underwriting and claims processes to reduce costs and enhance customer loyalty.
This document provides a summary of employee benefits for 2012, including medical, dental, vision, life and disability insurance. It outlines the various plan options for medical coverage through Health Plus, including HMO, PPO, and high deductible plans. Details are provided on costs, networks, deductibles, and out-of-pocket maximums. Other benefits like dental through Assurant, vision through NVA, and life and disability through Mutual of Omaha are also summarized. Information is included on enrollment timelines and carriers' contact information.
Health insurance policies are broadly divided into 2 kinds on the basis of claims, Cashless Health Insurance policy and Reimbursement Health Insurance Policy.
When choosing a health insurance plan, make sure that you compare health insurance polices across different insurers. If you compare health insurance online, then it may be easier to list out the pros and cons of each plan and find the one that works for you.
Employee benefits can be complicated but are important protections. This document provides an overview of health insurance basics and terminology. It explains that health insurance spreads costs among groups and improves access to care. There are different types of plans including group insurance through employers and individual plans. Key terms are defined, such as premiums, deductibles, copays, coinsurance, and out-of-pocket maximums. Understanding these concepts makes health insurance easier to navigate.
Health insurance provides coverage for medical expenses through a contract between an insurer and an individual. It offers key benefits like cashless treatment at empaneled hospitals, coverage for pre- and post-hospitalization expenses, and ambulance fees. When buying a health insurance policy, it is important to consider the age criteria, appropriate premium and coverage amounts, waiting periods, cashless hospital networks, and other clauses. Health insurance offers tax benefits under Section 80D and can help cover unexpected medical costs.
This document provides definitions for over 100 commonly used personal finance terms organized alphabetically from A-Z. Some of the key terms defined include 401(k), adjustable rate mortgage, annual percentage rate (APR), assets, bankruptcy, bonds, credit, debt, interest, liabilities, mortgage, stocks and will. The definitions cover concepts related to savings, investments, loans, insurance and retirement planning.
Voluntary health insurance (VHI) in India has low penetration due to several challenges:
1. VHI premiums are unaffordable for many and claim ratios are high due to increased health risks and rising costs.
2. Both private and public VHI providers lack innovation and adequate promotion of their products.
3. VHI schemes have many exclusions and complex administrative procedures that deter customers.
4. Poor regulations and inadequate healthcare supply further limit the development of the VHI sector in India despite increased need due to changing lifestyles and diseases.
Importance of Health Insurance: Incase you get sick or need any kind of medical attention. Can you afford to pay for a doctor’s visit without insurance? Depending on the type of doctor and practice it can cost from www.lifethenfinance.com 2 $95–$265 per visit. Insurance co-pays: $5–$50 per visit. Are you certain you won’t hurt yourself or catch some type of cold? Do you have allergies, wear contacts or need any other type of regular prescriptions? Can you afford those medications without insurance? On average prescription generic medications start around $50. Insurance co pays usually around $5–$20.
A document discusses the evolving role of captives within the changing healthcare environment. It notes rising healthcare costs and the growth of accountable care organizations (ACOs) and self-insurance. Captives are increasingly being used to manage ACO and employee healthcare risks. Case studies show how group captives can generate savings for employers by pooling stop-loss insurance and improving risk management. Forming a successful captive requires thorough planning and establishing sound fundamentals.
This document provides explanations of key health insurance terms - co-payment, deductible, coverage amount, and premium. It defines co-payment as a clause where the policyholder shares a portion of each claim amount with the insurer. Deductibles apply to top-up plans and refer to an amount of claims the policyholder must pay before the plan covers further expenses. Coverage amount is the maximum the insurer will pay for claims in a year. Premium is the annual amount the policyholder pays the insurer for the coverage. The document explains how coverage amount determines premium costs and advises choosing optimal levels of both.
The Benefit Corner aims to redefine the insurance industry by changing how people buy insurance. It provides a "one stop shop" for all insurance needs in an easy, efficient manner. Many current clients have high deductible health plans and lack sufficient protection. The Benefit Corner's CA Premier policy bundles critical illness, accident, life, and disability insurances to help cover out-of-pocket medical costs from injuries or illnesses. The agency focuses on clients with ACA, non-ACA, or no group health insurance who need additional protection and financial planning assistance. Sample call scripts educate potential clients on the CA Premier policy benefits and ease of enrollment.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
This document provides an overview of Broadmark Real Estate Lending Fund II. Fund II makes short-term, first lien mortgages against real estate projects in the Mountain West region, focusing on Colorado, Utah, and Wyoming. Fund II has $15 million in assets under management as of July 2015 and has achieved an annualized return of 11.76% in its first 12 months. The document outlines Fund II's investment strategy, portfolio, loan underwriting process, and management team experience.
The document discusses the benefits of establishing a group captive insurance program. It notes that previously the industry faced high pricing from insurers who did not recognize their focus on safety. By sharing loss information and forming a group captive, members saw premium rate reductions, more investment in safety programs, lower losses over time, and underwriting profits returned to the group. This led to expanded coverage options and a high member retention rate, providing a long-term, market-driven insurance solution for the industry.
Health insurance provides coverage for medical expenses through a network of hospitals. It works by paying premiums on a regular basis, such as monthly or yearly. Then, when hospitalization is needed, the insurance pays covered costs while the policyholder provides identification documents. There are many types of health insurance policies available from both private insurers and government organizations. Purchasing insurance can be done online, through agents, or directly from insurer offices. Factors to consider include the network of covered hospitals and choosing coverage appropriate for one's family or employer's needs. Proper documentation is required both when hospitalizing and filing claims to receive benefits.
This presentation discusses different types of health insurance plans. It defines group insurance, which is obtained through an employer, and individual insurance, which is purchased independently. It also explains managed care plans like PPOs, HMOs, POSs, and EPOs. PPOs encourage using preferred providers by paying higher benefits, while HMOs require using a primary care physician for referrals. POS and EPO plans combine aspects of PPOs and HMOs. Indemnity plans do not require using preferred providers and pay the same benefits anywhere.
The document provides information about how the Affordable Care Act benefits small businesses in Illinois. It discusses how the law provides immediate tax credits for small businesses to help pay for employee health insurance and creates a health insurance exchange by 2014 where small businesses can purchase affordable plans. It also summarizes other provisions that help small businesses and consumers, such as banning pre-existing condition exclusions and allowing adult children to stay on their parents' plans until age 26.
This webinar focused on what the new healthcare law, the Affordable Care Act, means for small businesses. It focused on both federal and state provisions to help local small business owners understand how the law will affect them.
Health insurance helps cover the cost of medical care. It protects individuals financially from expensive medical bills. Health insurance is commonly offered through employers and is important for anyone to have, as medical costs continue to rise. When choosing a health insurance plan, consider the health benefits covered, the costs including premiums and out-of-pocket maximums, the network of physicians covered, and whether any prescriptions are included. Health insurance terminology includes deductibles, coinsurance, networks, and other terms that define coverage and costs. Understanding these terms is key to utilizing health insurance benefits.
Health insurance provides coverage for medical expenses and loss of earnings due to illness or injury. It depends on the conditions, benefits, and treatment options covered by the policy. Premiums are paid in advance for future health coverage. There are different types of health insurance plans such as group, individual, and family floater plans. While perceptions of health insurance in India are mixed, it has become necessary due to rising medical costs, the need to share health risks, and securing one's family's health. Government initiatives aim to increase health insurance penetration and affordability, but challenges remain around healthcare delivery and costs, consumer awareness, and claim ratios.
Affordable Care Act 101: What The Health Care Law Means for Small BusinessesSmall Business Majority
Small businesses have long struggled with access to affordable health care coverage. The Affordable Care Act aims to address this issue by lowering premium costs for small businesses and increasing their access to quality, affordable plans. Beginning in 2014, small businesses will be able to purchase coverage for their employees through the new Small Business Health Options Program Marketplaces. These SHOP Marketplaces will offer small businesses a choice of plans and increase transparency. Employers with 50 or more full-time employees may face penalties if they do not offer affordable coverage to employees beginning in 2015, but over 96% of businesses are exempt from these employer responsibility provisions.
The document discusses personal finance topics such as paying down high-interest debt, creating an emergency fund, saving for retirement and education. It notes that consumer debt in the US grew nearly 5 times from 1980 to 2001 and currently stands at $2.4 trillion. Credit card interest rates and amounts financed for auto loans have declined in recent years. Many college students take on significant debt, with the average debt per borrower rising to $22,700. Those seeking credit counseling typically have $43,000 in total debt, with $20,000 in consumer debt and $8,500 in revolving credit card debt.
Inss In Aila Response And Post Response Need Assesment 2009Murshid Alam Sheikh
The document summarizes INSS's response efforts to Cyclone Aila, which caused widespread damage in Sundarban, India in May 2009. It describes the extensive damage to homes, crops, livestock and infrastructure. INSS provided relief through distribution of food, supplies and temporary shelter. Key activities included distributing NFI kits to over 20,000 families, food to over 33,000 families, repairing tube wells, constructing emergency latrines, cleaning villages and ponds, and public health activities through volunteers. The response aimed to reduce mortality and morbidity for over 30,000 affected households in the worst hit blocks of South 24 Paraganas district.
The document discusses community-based disaster preparedness (CBDP) efforts by the Indranarayanpur Nazrul Smriti Sangha (INSS) NGO in West Bengal, India. The NGO works to empower vulnerable communities and increase their capacity to prepare for and respond to disasters. Through participatory risk assessment techniques, communities identify hazards, vulnerabilities, and response plans. They form task forces and conduct mock drills. Over 45,000 community members have been trained in first aid, shelter construction, and other disaster response skills. Lessons learned include a shift to community self-reliance, the value of CBDP for social analysis, and ensuring sustainability through multi-stakeholder support.
The blog post discusses the author's experience learning to code. They started with free online courses to learn the basics of HTML, CSS, and JavaScript. While it was challenging, within a few months the author was able to build their first simple website. They encourage others interested in coding to start with the fundamentals and be patient with themselves as they learn.
The document provides a completion report for a 2008-2009 Community Based Disaster Preparedness (CBDP) program in South 24 Parganas district of West Bengal, India. The program aimed to build community capacity to reduce loss of life and property from natural disasters like floods through participation and capacity building initiatives. It was implemented in 45 village councils across 2 blocks. The report summarizes the local context, including frequent flooding of the Sundarbans delta region that leads to loss of livelihoods, poverty, and vulnerabilities. It also describes the operational framework and rationale for choosing a community-based disaster preparedness approach to address gaps in local coping strategies and social challenges.
The document contains the January schedule for boys varsity and junior varsity basketball as well as boys freshman basketball for a school. The varsity team has 7 away and home games scheduled between January 9th and 30th. The junior varsity also has 7 games scheduled between January 9th and 29th, with start times ranging from 6 to 6:30pm. The freshman basketball team has 3 away games scheduled between January 4th and 11th, all starting at 6pm or 6:30pm.
Voluntary health insurance (VHI) in India has low penetration due to several challenges:
1. VHI premiums are unaffordable for many and claim ratios are high due to increased health risks and rising costs.
2. Both private and public VHI providers lack innovation and adequate promotion of their products.
3. VHI schemes have many exclusions and complex administrative procedures that deter customers.
4. Poor regulations and inadequate healthcare supply further limit the development of the VHI sector in India despite increased need due to changing lifestyles and diseases.
Importance of Health Insurance: Incase you get sick or need any kind of medical attention. Can you afford to pay for a doctor’s visit without insurance? Depending on the type of doctor and practice it can cost from www.lifethenfinance.com 2 $95–$265 per visit. Insurance co-pays: $5–$50 per visit. Are you certain you won’t hurt yourself or catch some type of cold? Do you have allergies, wear contacts or need any other type of regular prescriptions? Can you afford those medications without insurance? On average prescription generic medications start around $50. Insurance co pays usually around $5–$20.
A document discusses the evolving role of captives within the changing healthcare environment. It notes rising healthcare costs and the growth of accountable care organizations (ACOs) and self-insurance. Captives are increasingly being used to manage ACO and employee healthcare risks. Case studies show how group captives can generate savings for employers by pooling stop-loss insurance and improving risk management. Forming a successful captive requires thorough planning and establishing sound fundamentals.
This document provides explanations of key health insurance terms - co-payment, deductible, coverage amount, and premium. It defines co-payment as a clause where the policyholder shares a portion of each claim amount with the insurer. Deductibles apply to top-up plans and refer to an amount of claims the policyholder must pay before the plan covers further expenses. Coverage amount is the maximum the insurer will pay for claims in a year. Premium is the annual amount the policyholder pays the insurer for the coverage. The document explains how coverage amount determines premium costs and advises choosing optimal levels of both.
The Benefit Corner aims to redefine the insurance industry by changing how people buy insurance. It provides a "one stop shop" for all insurance needs in an easy, efficient manner. Many current clients have high deductible health plans and lack sufficient protection. The Benefit Corner's CA Premier policy bundles critical illness, accident, life, and disability insurances to help cover out-of-pocket medical costs from injuries or illnesses. The agency focuses on clients with ACA, non-ACA, or no group health insurance who need additional protection and financial planning assistance. Sample call scripts educate potential clients on the CA Premier policy benefits and ease of enrollment.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
This document provides an overview of Broadmark Real Estate Lending Fund II. Fund II makes short-term, first lien mortgages against real estate projects in the Mountain West region, focusing on Colorado, Utah, and Wyoming. Fund II has $15 million in assets under management as of July 2015 and has achieved an annualized return of 11.76% in its first 12 months. The document outlines Fund II's investment strategy, portfolio, loan underwriting process, and management team experience.
The document discusses the benefits of establishing a group captive insurance program. It notes that previously the industry faced high pricing from insurers who did not recognize their focus on safety. By sharing loss information and forming a group captive, members saw premium rate reductions, more investment in safety programs, lower losses over time, and underwriting profits returned to the group. This led to expanded coverage options and a high member retention rate, providing a long-term, market-driven insurance solution for the industry.
Health insurance provides coverage for medical expenses through a network of hospitals. It works by paying premiums on a regular basis, such as monthly or yearly. Then, when hospitalization is needed, the insurance pays covered costs while the policyholder provides identification documents. There are many types of health insurance policies available from both private insurers and government organizations. Purchasing insurance can be done online, through agents, or directly from insurer offices. Factors to consider include the network of covered hospitals and choosing coverage appropriate for one's family or employer's needs. Proper documentation is required both when hospitalizing and filing claims to receive benefits.
This presentation discusses different types of health insurance plans. It defines group insurance, which is obtained through an employer, and individual insurance, which is purchased independently. It also explains managed care plans like PPOs, HMOs, POSs, and EPOs. PPOs encourage using preferred providers by paying higher benefits, while HMOs require using a primary care physician for referrals. POS and EPO plans combine aspects of PPOs and HMOs. Indemnity plans do not require using preferred providers and pay the same benefits anywhere.
The document provides information about how the Affordable Care Act benefits small businesses in Illinois. It discusses how the law provides immediate tax credits for small businesses to help pay for employee health insurance and creates a health insurance exchange by 2014 where small businesses can purchase affordable plans. It also summarizes other provisions that help small businesses and consumers, such as banning pre-existing condition exclusions and allowing adult children to stay on their parents' plans until age 26.
This webinar focused on what the new healthcare law, the Affordable Care Act, means for small businesses. It focused on both federal and state provisions to help local small business owners understand how the law will affect them.
Health insurance helps cover the cost of medical care. It protects individuals financially from expensive medical bills. Health insurance is commonly offered through employers and is important for anyone to have, as medical costs continue to rise. When choosing a health insurance plan, consider the health benefits covered, the costs including premiums and out-of-pocket maximums, the network of physicians covered, and whether any prescriptions are included. Health insurance terminology includes deductibles, coinsurance, networks, and other terms that define coverage and costs. Understanding these terms is key to utilizing health insurance benefits.
Health insurance provides coverage for medical expenses and loss of earnings due to illness or injury. It depends on the conditions, benefits, and treatment options covered by the policy. Premiums are paid in advance for future health coverage. There are different types of health insurance plans such as group, individual, and family floater plans. While perceptions of health insurance in India are mixed, it has become necessary due to rising medical costs, the need to share health risks, and securing one's family's health. Government initiatives aim to increase health insurance penetration and affordability, but challenges remain around healthcare delivery and costs, consumer awareness, and claim ratios.
Affordable Care Act 101: What The Health Care Law Means for Small BusinessesSmall Business Majority
Small businesses have long struggled with access to affordable health care coverage. The Affordable Care Act aims to address this issue by lowering premium costs for small businesses and increasing their access to quality, affordable plans. Beginning in 2014, small businesses will be able to purchase coverage for their employees through the new Small Business Health Options Program Marketplaces. These SHOP Marketplaces will offer small businesses a choice of plans and increase transparency. Employers with 50 or more full-time employees may face penalties if they do not offer affordable coverage to employees beginning in 2015, but over 96% of businesses are exempt from these employer responsibility provisions.
The document discusses personal finance topics such as paying down high-interest debt, creating an emergency fund, saving for retirement and education. It notes that consumer debt in the US grew nearly 5 times from 1980 to 2001 and currently stands at $2.4 trillion. Credit card interest rates and amounts financed for auto loans have declined in recent years. Many college students take on significant debt, with the average debt per borrower rising to $22,700. Those seeking credit counseling typically have $43,000 in total debt, with $20,000 in consumer debt and $8,500 in revolving credit card debt.
Inss In Aila Response And Post Response Need Assesment 2009Murshid Alam Sheikh
The document summarizes INSS's response efforts to Cyclone Aila, which caused widespread damage in Sundarban, India in May 2009. It describes the extensive damage to homes, crops, livestock and infrastructure. INSS provided relief through distribution of food, supplies and temporary shelter. Key activities included distributing NFI kits to over 20,000 families, food to over 33,000 families, repairing tube wells, constructing emergency latrines, cleaning villages and ponds, and public health activities through volunteers. The response aimed to reduce mortality and morbidity for over 30,000 affected households in the worst hit blocks of South 24 Paraganas district.
The document discusses community-based disaster preparedness (CBDP) efforts by the Indranarayanpur Nazrul Smriti Sangha (INSS) NGO in West Bengal, India. The NGO works to empower vulnerable communities and increase their capacity to prepare for and respond to disasters. Through participatory risk assessment techniques, communities identify hazards, vulnerabilities, and response plans. They form task forces and conduct mock drills. Over 45,000 community members have been trained in first aid, shelter construction, and other disaster response skills. Lessons learned include a shift to community self-reliance, the value of CBDP for social analysis, and ensuring sustainability through multi-stakeholder support.
The blog post discusses the author's experience learning to code. They started with free online courses to learn the basics of HTML, CSS, and JavaScript. While it was challenging, within a few months the author was able to build their first simple website. They encourage others interested in coding to start with the fundamentals and be patient with themselves as they learn.
The document provides a completion report for a 2008-2009 Community Based Disaster Preparedness (CBDP) program in South 24 Parganas district of West Bengal, India. The program aimed to build community capacity to reduce loss of life and property from natural disasters like floods through participation and capacity building initiatives. It was implemented in 45 village councils across 2 blocks. The report summarizes the local context, including frequent flooding of the Sundarbans delta region that leads to loss of livelihoods, poverty, and vulnerabilities. It also describes the operational framework and rationale for choosing a community-based disaster preparedness approach to address gaps in local coping strategies and social challenges.
The document contains the January schedule for boys varsity and junior varsity basketball as well as boys freshman basketball for a school. The varsity team has 7 away and home games scheduled between January 9th and 30th. The junior varsity also has 7 games scheduled between January 9th and 29th, with start times ranging from 6 to 6:30pm. The freshman basketball team has 3 away games scheduled between January 4th and 11th, all starting at 6pm or 6:30pm.
1) The organization aims to improve basic healthcare and support for mothers and children in 21 villages through immunization, institutional delivery, nutrition interventions, and raising awareness on issues like family planning and early marriage.
2) Key strategies include interpersonal communication, demonstrations, cooperation with local health facilities, and using social mobilizers to conduct home visits and community outreach.
3) Some results include improved immunization and institutional delivery rates, decreased malnutrition and mortality among mothers and children, and increased participation in family planning programs. Lessons indicate that community mobilization and motivation can effectively change health behaviors and achieve development goals.
Improving the Customer Service Experience to Achieve Better Outcomes at a Low...mikewilhelm
The document discusses improving the customer service experience in healthcare to achieve better outcomes at a lower cost. It covers several topics:
1) External forces like the Affordable Care Act are pushing healthcare away from just focusing on volume of services provided toward focusing on the value of care through outcomes and costs.
2) Payment models are shifting from fee-for-service toward shared risk models like accountable care organizations and bundled payments to encourage improved outcomes at lower costs.
3) Access to behavioral healthcare treatment is improving through initiatives like certified community behavioral health clinics and health homes.
Denefits offers medical financing options for patients who have been denied by other lenders like CareCredit, approving over 50% of applicants. As healthcare costs rise, affordable financing options are becoming necessary. Denefits provides instant approval, flexible payment plans, and helps patients rebuild their credit through on-time payments that are reported to credit agencies. Denefits also offers unique features like Social Healthcare Payments that allow patients to fundraise through social media.
Reduce Bad Debt: Four Tactics to Limit Exposure During COVID-19Health Catalyst
Health systems have always faced bad debt—from charity care to insurance claim denials—and COVID-19 has exacerbated its impact on revenue. While hospitals and clinics are responsible for providing care to populations, they can still generate revenue from care delivery without compromising care accessibility or quality. An effective bad debt management approach provides the patient with every financial resource possible and allows the health systems to focus less on payment and more on delivering the best care.
With four tactics, health system leadership can identify bad debt and implement effective processes to minimize it without undue burden on patients:
Identify bad debt exposure early.
Educate patients about alternative payment options.
Leverage technology within the workflow.
Understand the true cost of care.
This document summarizes various asset products offered by banks. It discusses that assets for banks include loans provided to customers at different interest rates depending on the type of product. It outlines key housing, personal, property, agriculture, vehicle and credit/debit card loans. It also discusses investment products offered by banks. The presentation provides an overview of different asset classes and concludes with a snapshot of asset products.
This webinar continues the COVID-19 Insights webinar series. Topics include the loans and grants being offered by the government, how they differ, and how they may benefit your practice, including SBA Loans and Grants, HHS Grants, Medicare Advance/Accelerated Payments, and Telehealth Funding. The webinar also goes over the CareOptimize technology developed to assist with streamlining COVID-19 monitoring and reporting.
Upon completion of this discussion forum, participants will:
- Learn about governmental programs and eligibility criteria for accessing care
- Gain tools to reduce and manage outstanding medical costs
- Better understand benefits of the ACA relative to cancer care
- Become informed of laws protecting their right to health coverage
- Understand the Social Security Disability approval process
This document provides an overview of key parties and concepts involved in municipal bond issuance. It discusses potential conflicts of interest, differences between bonds and loans, bond structures and types, peculiarities of the municipal bond market, and effective borrowing strategies for issuers. Key recommendations include hiring independent advisors, maintaining transparency with investors, and taking a long-term strategic approach to debt management.
Money Plant Financial Services provides various financial planning services including insurance planning, tax planning, investment planning, retirement planning, and more. It aims to provide optimal financial solutions to individuals. The company represents clients, not any specific fund houses or insurance companies. It assists clients in developing financial goals and implementing financial plans through products like life insurance, health insurance, mutual funds, fixed deposits, bonds, and real estate investments. The document provides details on various financial products and services offered by the company.
Healthcare Financial Transformation: Five Leading StrategiesHealth Catalyst
Healthcare financial transformation—improving care delivery while lowering costs—has been an ongoing challenge for health systems in the era of value-based care and an even more prominent concern amid COVID-19. While better care and reduced expense to organizations and consumers might seem like opposing goals, by understanding the true cost of services and other drivers of expense, organizations can successfully manage costs while maintaining, and even improving, care delivery. To that end, health systems can use data- and analytics-driven tools and strategies to addresses financial challenges, including uncompensated care, prolonged accounts receivable days, discharged not final billed cases, inefficient resource use, and more.
The document summarizes a new direct pay healthcare platform called Hello Health. It discusses problems with the current healthcare system like rising costs, administrative burdens on physicians, and lack of patient satisfaction. Hello Health promises to provide a better market, system, patient experience and outcomes through its direct pay model and technology platform. Key features include online scheduling, secure messaging, telehealth visits. It costs 7% of revenue but provides tools to help physicians transition and attract patients. The startup also offers an optional $5,000,000 fund to help with startup costs. Physicians could see improved profits of 20-40% and take-home pay increases of 40-60% by joining.
Self insured medical plans at great riskJoeCarlton21
1) Many employers with self-insured medical plans face great risks in 2009 due to tightened bank credit lines and the potential inability to pay large medical claims.
2) If employers cannot access funds to pay large claims, their stop-loss insurance will not reimburse them and hospitals may place liens on their businesses.
3) The document proposes an alternative called the "Hidden Solution" which allows employers to keep most of the benefits of self-insurance but with a lower deductible to reduce their risk of being unable to pay large medical bills.
Commercial Payor Behavioral Health Audits: How to Avoid Getting Wiped OutEpstein Becker Green
The number of commercial payor audits of behavioral health facilities has been steadily rising, forcing closures of multiple treatment facilities, straining resources, and setting up an increasingly contentious conflict between treatment providers and payors.
This webinar will examine the most common issues arising in payor audits (including medical necessity; patient financial responsibility; and other issues asserted to constitute fraud, waste, or abuse) and the common arguments used as grounds for the nonpayment or recoupment of fees by insurers. The presenters will also review responsive strategies in commercial payor audits and examine defensive strategies and best practices to avoid fraud, waste, and abuse.
Presented by:
Paul D. Gilbert – Member, Epstein Becker Green
John A. Mills – Partner, Nelson Hardiman
Part of a "first Thursdays" fall webinar series hosted by Behavioral Health Association of Providers, Epstein Becker & Green, P.C., and Nelson Hardiman, LLP.
More info: https://www.ebglaw.com/events/how-to-avoid-getting-wiped-out-by-the-wave-of-commercial-payor-behavioral-health-audits-medical-necessity-and-waivers-of-co-insurance-and-deductibles/
These materials have been provided for informational purposes only and are not intended and should not be construed to constitute legal advice. The content of these materials is copyrighted to Epstein Becker & Green, P.C. ATTORNEY ADVERTISING.
CBFSI provides alternative financing solutions for healthcare companies and commercial real estate, offering loans for areas such as working capital, acquisitions, and real estate projects. They have over 13 years of experience in non-traditional lending and serve organizations across various healthcare sectors including hospitals, medical practices, and senior housing. CBFSI works to understand each client's unique needs and objectives to help them access capital and grow their business.
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”PYA, P.C.
Hospitals and providers need to think creatively, strategically, and long-term about capital and cashflow under the pressures of the COVID-19 pandemic. A one-hour webinar hosted by PYA discussed the current state of capital markets for non-profit healthcare systems, and considerations for capital management, including the role of real estate assets.
PYA Principal Michael Ramey joined Realty Trust Group Senior Vice-President Michael Honeycutt and Ponder & Company Managing Director Jeffrey B. Sahrbeck to present “Hospitals, Capital, and Cashflow, Under COVID-19” In this webinar, they covered:
Hospital industry capital market updates and trends, including how the capital markets are responding to the crisis.
Access to capital under recent regulations.
Cash preservation techniques for hospitals considering real estate operations and assets.
The webinar took place Thursday, April 9, 2020, at 11 a.m. EDT.
On Thursday July 19th, 2012, the Taylor-Wilks Group held a free Health Care Symposium to provide resources and answer questions regarding the Affordable Care Act. This is some content from the event.
The document discusses financial services and provides details on various types of financial services like banking, insurance, mutual funds, and financial consultancy. It outlines the functions of these services and discusses advantages of the growing financial services industry in India like its strong regulatory framework, high savings rate, favorable demographics and fast growing economy. The financial services sector in India is growing at 15% annually and its contribution to the country's GDP is rising.
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Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
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Healthcare's Accounts Receivable Delays Are No More With Innovative Financial Solutions
1. Innovative Tools to Increase Healthcare Profitability………
RISK”
THE “NO RISK” FUNDING WAY
2. As Individuals & Families face the
challenges of healthcare costs......
3. Providers Face Financial Challenges Due to.....
Escalating Costs
•
Unpredictable Financial Markets
•
Accounts Receivable Delays
•
Internal Waste
•
Overhead
•
Treatment of the Uninsured
•
Inefficient Government Bureaucracy
•
Increased Insurance Profits from A/R Delays
•
Costs of Borrowed Capital
•
And the list Continues.....
•
4. While Government & Media Focus On The Needs of the
Uninsured
Providers Face Immense Fiscal Challenges, Public
Apathy And Government Agendas Won’t Deliver
Providers With Effective Solutions…...
5. Because Money Doesn't Come With Instructions.....
1st Choice Funding Provides Innovative Financial
Solutions to Resolve the Fiscal Challenges
Facing Healthcare Providers Today....
6. Patient Services vs. Provider Needs
The Facts Are Clear:
While healthcare providers ensure timely
patient care, the same providers wait at
best weeks until collection, and in most
instances the wait is months for A/R collections.
And for providers whose services are medical lien
secured….A/R delays may be years with still yet
collection risks.
Even worse is the ever growing uninsured U.S.
population. For these patients providers are forced to
assume costly and unpredictable A/R collection expense. Healthcare providers face
guaranteed expense and charge off's to bad debt as an ever present reality. Chasing bad
money with good.
The financial health of healthcare is painfully obvious, A/R delays and bad debt affect
providers across every sector of the industry. The facts remain; providers carry immense
financial burdens from pending, uncollected and bad debt A/R. Thus the financial integrity
of healthcare profitability is significantly compromised under the current system.
As a healthcare provider wouldn’t you agree it's time for a change?....
7. What 1st Choice Funding Provides
1st Choice Funding also agrees….
In order to tackle the ominous challenges facing healthcare
providers, innovative financial solutions which guarantee effective
results are what must be provided in order to resolve the economic
challenges healthcare providers face.
Innovative financial solutions are exactly what 1st Choice Funding
provides as we now present long past due financial options to
achieve increased healthcare profitability today…..& tomorrow.
Only 1st Choice Funding delivers twelve methods to achieve
increased cash flow through no debt means.
8. “No Risk” Solutions Provide the Answer
Understanding the challenges facing healthcare
providers, 1st Choice Funding offers a unique
“solutions oriented” financial portfolio deliver
which delivers....
“Risk Free - Debt Free” Healthcare Capital
Providers who utilize our targeted financial
strategies resolve the “long past due need” to
meet such challenges, doing such head on and
ensuring greater profitability through increased
capital, cash flow and reduced overhead
expense.
Simply Put;
Our services deliver real results...fast.
Please review the following information as we
present Healthcare's Innovative Financial
Solutions… the “No Risk” way...
10. Cash Infusions The 1st Choice Funding Way
Without incurring debt, 1st Choice delivers cash flow from untapped, often unused and sometimes unknown
assets to create “Cash Infusions of Risk Free, Debt Free Capital”. 1st Choice Funding's portfolio of tools to
achieve success include:
Group 1 - Typical A/R
1. Accounts Receivable Lines of Credit – Up to 72% A/R Net Worth Now- No More Delays
2. Accounts Receivable Factoring – Up To 97% Over Time or No Interest
3. Accounts Receivable Portfolio Funding – The “Cash Out/No Payment” Solution
Group 2 - Medical Lien A/R
4. Medical Lien Accounts Receivable Funding – Guaranteed Capital w/o Provider Risk
5. Medical Lien Procedures Funding – For Ongoing Services Lien Capital w/o Risk
6. Medical Lien Prescription Funding – Another Option for ongoing Lien Capital w/o Risk
Group 3 - Bad Debt A/R
7. Accounts Receivable Bad Debt Portfolio Purchasing – Something for Nothing
Group 4 - Self Pay A/R
8. Co-Pay/Deductible Software – The Web Based Guaranteed Solution
9. Co-Pay/Deductible Account Servicing – Risk Free Low Cost Expense Control
10. Uninsured Patient Servicing – Stop Chasing Bad Money With Good
11. Uninsured Patient Financing – The “Patient Friendly” Credit Solution
12. Uninsured Patient A/R Purchases – The “Mother Lode” for Self Pay
12. Group 1 Typical A/R
“No Risk” Accounts Receivable Lines of Credit
“No Risk”Accounts Receivable Factoring
“No Risk”Accounts Receivable Funding
13. “No Risk” A/R Portfolio Funding Delivers
Providers Obtain Cash Infusions For A/R From
• Insurance Receivables
• WC/Government Receivables
• 3rd Party Receivables
“No Risk” A/R Capital Provides.............
• Access to Unlimited Investor Resources
• Provides a “No-Debt” Source for Capital
• Boosts Liquidity by Better Utilization of Assets
• Provides Seamless Implementation
• Eliminates Fiscal Delays in A/R
• Eliminates Financial Risk
• Reduces Overhead Expense
• Provides Significant Increases in Profit Margins
14. “No Risk” A/R Funding Options Include
Option 1. “No Risk” A/R Lines of Credit
Secured by a UCC-1 lien, a Line of Credit provides a cash infusion of up to 72% of the net worth of
a portfolio. Without delay providers obtain cash now and pay 2% in monthly interest deducted
direct from incoming A/R. The 98% remaining A/R is applied to the balance of the Line of Credit.
With a Line of Credit new A/R is added monthly to continue the cash revenue cycle indefinitely.
Application is free underwriting fee's vary. Monthly Portfolio Minimum is $250,000.00.
Option 2 a. “No Risk” A/R Portfolio Factoring
“No Risk” Portfolio Factoring infuses providers whose portfolios have a minimum monthly volume
of $25,000.00 with a “No Interest” option and the discount rate serves as the interest. The
maximum amount available is 90% short term and longer A/R collections mean lesser the %.
Application is free, underwriting fee's vary. A/R collections up to 150 days interest free for this
option.
Option 2 b. 100% “No Risk” A/R Portfolio Factoring
Released in 2 phases of funding with the first 77% issued at contract implementation. When ½ of
the balance is paid from the A/R, the remaining 20% is released in a 2nd phase of funding.
Application is free, underwriting fee's vary. Portfolio minimum is $250,000.00 per mo. For A/R up to
150 days
Option 3. “No Risk” A/R Portfolio Funding
“No Risk” Portfolio Funding deliver for providers seeking to liquidate a portfolio in a lump sum
without re-payment commitment. Portfolios are purchased at a discount depending on the
portfolio's net worth. Providers capitalize on the value of money TODAY vs. TOMORROW!
Minimum portfolio size is $50,000.00 monthly. Application is free, underwriting fee's vary.
16. “No Risk” Medical Lien Funding Offers…
Providers Obtain Medical Lien Cash Infusions From
• Liability Insurance
• WC/Government
• 3rd Party Payers
“No Risk” Medical Lien Funding Provides...........
• Access to Unlimited Investor Resources
• Provides a “No-Debt” Source for Capital
• Boosts Liquidity by Better Utilization of Assets
• Provides Seamless Implementation
• Eliminates A/R Delays
• Eliminates Fiscal Risks
• Reduces Overhead Expense
• Provides Significant Increases in Profit Margins
17. “No Risk” Medical Lien A/R Portfolio Funding
Option 4. “No Risk” Medical Lien Funding
Healthcare providers whose services are LLOP secured find “No Risk”
Medical Lien Funding a welcome “financial bridge” for providers seeking
guaranteed payment without risk of lawsuit settlement & collection.
In fact “No Risk” Lien Funding provides capital regardless of litigation
success. For providers “No Risk” Funding ensures providers receive
guaranteed cash infusions risk free to the provider.
This program converts personal injury patients into a PI cash generating
resource as ageing receivables convert into cash without waiting.
1st Choice Funding’s Medical Lien program delivers to providers either a
“most return” or a “most cash in hand now” option. Each best serves
providers differently depending on the financial goals and agenda of the
provider. The bottom line is; providers obtain a what best suits the financial
goals and agenda’s of the provider.
With “No Risk” Lien Funding providers can exponentially grow a revenue
stream from lien patients because Lien Funding delivers revenue on all
patients in a portfolio. (Minimum portfolio size is $250,000.00) Instead of “cherry
picking” through patient files, 1st Choice Funding delivers guaranteed
revenue for all patients in a portfolio.
Application is free, underwriting fee's vary depending on portfolio size.
1st Choice Funding Medical Lien program provides even more because …..
18. “No Risk” Medical Lien New Patient Funding
Option 4b “No Risk” Medical Lien New Patient Funding
“No Risk” Medical Lien Funding does more than lien portfolio purchases. We purchase new
medical lien patients providing an effective long term financial solution.
“No Risk” Funding on new lien patients differs from portfolio purchases as each lien case
must be pre-approved before treatment. Why? To protect providers from lien secured cases
who lack;
1. Legitimate Legal Merit
2. Provable Liability
3. Sufficient Insurance to Cover Medical Expenses
While attorneys refer medical lien patients to providers, the same attorneys can some times
loose objectivity and refer cases lacking merit, liability or sufficient coverage. While legal
expenses and attorney time are wasted attempting to collect such cases, medical costs far
out weigh legal costs as medical costs dwarf actual legal expenses.
Therefore because medical providers have more financially at stake, 1st Choice Funding
works to protect providers from problematic cases.
Additionally, because pre-approved lien case have more value per case than a portfolio
where no pre-screening process was performed, pre-approval reduces the “law of losses” a
portfolio contains which impacts healthcare providers bottom line.
Application is free, underwriting fee's per patient are $150.00 each. Such is you’ll
undoubtedly agree a wise investment in protecting your financial resources.
19. Medical Lien Procedures & Prescription Funding
Option 5. “No Risk” Medical Lien Procedures Funding
Option 6. “No Risk” Medical Lien Prescription Funding
Providers who receive “No Risk” Medical Lien Portfolio Funding, or who seek to add lien
services to a practice, find yet another profitable opportunity as patients need on-going lien
secured procedures and prescriptions.
“No Risk” Medical Lien Procedures and Prescription Funding adds to the arsenal of lien
solutions. These programs too offer a “financial bridge” of guaranteed capital without case
settlement for lien secured ongoing care.
“No Risk” Medical Lien Funding offers 3 unique solutions for providers to benefit from,
regardless of patients litigation outcome. Cash flow without risk is what providers are
guaranteed as this program keeps providers in the business of medicine, and out of the
risks associated with law.
This unique program turns personal injury patients on-going and prescription needs into
revenue without provider risk.
“No Risk” Lien Procedures & Prescription Funding deliver cash infusions to providers who
enroll in our program. Plus protection from patients is also provided by our legal teams who
work to protect providers. How so?
Our experts know the law, the courts and case settlement values. With such knowledge
healthcare providers are protected from problematic patient cases, the ones where there’s
no legitimate legal merit, no provable liability, or insufficient insurance to collect from.
Thus Medical Lien Portfolio, New Patient, Procedures & Prescription Funding provide a
sound financial mechanism to exponentially grow and prosper from lien patients…. risk
free.
Application is free, implementation and underwriting fees vary.
.
20. Group 3 A/R Bad Debt
“No Risk” Bad Debt A/R Portfolio Funding
21. “No Risk” Bad Debt Funding Offers…
Providers Obtain Cash Infusions on A/R From
• Self Pay
• Uncollected Insured
• Uncollected Co-Pay/Deductible
• All Bad Debt
“No Risk” Medical Capital Provides.............
• Access to Unlimited Investor Resources
• Provides a “No-Debt” Source of Capital
• Boosts Liquidity by Better Utilization of Assets
• Provides Seamless Implementation
• Creates an Asset from a Liability
• Provides Increased Profitability
• Eliminates Complete Loss From Charged Off Accounts
22. “No Risk” Bad Debt A/R Portfolio Purchasing
Option 7. “No Risk” Bad Debt A/R Portfolio Purchases
With this amazing option “No Risk” Bad Debt Funding creates
an asset from liabilities previously written off as bad debt.
Uninsured “self-pay” accounts receivable are the number one
contributor to healthcare bad debt as tough patient collections
are often deemed “uncollectable”.
“No Risk” Bad Debt Funding provides value by monetizing all
bad debt receivables without recourse to the provider.
By purchasing all bad debt receivables from 1 month to Out-
of-Statute debts years old, bad debt account receivables
funding improves the bottom line with an untapped,
unrealized, and uncollected asset.
“No Risk” Bad Debt Funding generates cash flow where only
balance sheet liability and proof of wasted assets once were.
Application is free underwriting fees vary depending on the
size of the portfolio.
24. “No Risk” Co-Pay/Deductible Solutions Offer
Providers Obtain Cash Infusions of Accounts Receivable From
• Patient Co-Pay Accounts Receivable
• Patient Deductible Accounts Receivable
“No Risk” Capital Provides.............
• A “No-Debt” Source for Cash Infusions
• Boosts Liquidity by Better Utilization of Assets
• Provides Seamless Implementation
• Eliminates A/R Delays
• Eliminates Financial Risks on Collections
• Reduces Overhead Expense in Collections
• Provides Significant Increases in Profits
• Delivers Guaranteed Returns on Collection
25. Co-Pay/Patient Deductible Software Solution
Option 8. “No Risk” Co-Pay/Deductible Software
“No Risk” Co-Pay/Deductible Software is a web based solution that contains all
insurance provider's and their up-to-date policies across the U.S. With this system a
patients information is available with just the swipe of a patients insurance card. This
system then delivers instant patient responsibility information which ensures
providers know what to collect before services are performed.
With a second swipe of the patients credit/debit card payment is reserved in the
amount estimated on the EOB until confirmation affirms the patients co/pay portion.
Upon receipt of the EOB confirmation (usually in days), the system then finishes the
transaction by processing the CC and depositing the reserved monies into the
providers account seamlessly, automatically.
Much like a hotel who reserves funds on a CC upon check-in and then completes the
transaction at check-out, this solution eliminates co-pay/deductible billing,
accounting, and bad debt losses, while delivering nearly 100% guaranteed
collections.
Implementation and subscription fees for 1-3 providers on a 3 year lease are only
$600.00 a mo.
Application is free, implementation fees vary and can be included in the mo. lease
26. Co-Pay/Deductible Account Servicing
Option 9. “No Risk” Co-Pay/Deductible Servicing Solution
Our “No Risk” Co-Pay/Deductible Servicing is for providers who elect an alternative to a monthly
lease. This program begins with guaranteed 91% return from all collected patient receivables.
But it does more. This option also increases the guaranteed returns with savings achieved through
reduced accounting and collection expense for patients enrolled in the program.
What's more patient servicing generates interest on A/R balances for providers who utilize our patient
responsibility forms.
The bottom line; with this option providers earn over a 100% return on A/R collections when
combining the 91% return with earned interest and reduced internal costs.
Patient Servicing can be used for existing patients who execute our agreement and new patient
enrollment is simply implemented at patient admission. Providers who utilize this system have 100%
patient servicing acceptance.
The enrollment fee is only 5% of the A/R balance with a cap of $125.00 per account. For accounts
enrolled who are uncollected there's also another feature provided at no cost and that’s the transition
of any enrolled files into our bad debt purchasing which delivers the ability to recover all or a portion
of the enrollment fees.
28. “No Risk” Uninsured Patient A/R Servicing
Option 10 – “No Risk” Servicing Self for Pay A/R
“No Risk” Self Pay A/R Servicing is much like Co-Pay Servicing
as it delivers an amazing guaranteed 91% of A/R collection return.
As incredible as guaranteed 91% returns are, this program
delivers earned interest on patient balances when providers
utilize our patient responsibility forms to legally establish
a providers right to earn interest on patient A/R balances.
Added also is the significant savings obtained from internal collection
expense reductions providers are relieved of as this program handles
all billing and collection expense on enrolled patients.
With “No Risk” Self Pay Servicing providers enjoy 100% patient enrollment
acceptance and for patient accounts enrolled who are uncollectable, there's another benefit at no
cost. All bad debt patient files enrolled are transitioned into our bad debt purchasing program which
delivers to providers the ability to recover all or a portion of the patient enrollment fees.
Plus Self Pay A/R Servicing delivers on patient collected A/R an over 100% return. All these benefits
are available for a low per patient enrollment fee of just 5% of the A/R balance with a $125.00 cap per
account.
This fee delivers all the above but there's even more it delivers......
29. “No Risk” Uninsured Patient A/R Financing
Option 11a Patient Financing With Acceptable Credit
With our amazing A/R Self Pay enrollment patients whose credit is as low as 630 are
financed through our “No Risk” Patient Pay Financing. Patients obtain financing while
providers obtain cash infusions from financed patients.
This “patient friendly” program builds credit by reporting payment history to all credit bureaus.
Amazingly this program offers financing determinations not by an arbitrary computer scoring
system but instead by real people who know the financial crisis of the last year and who can
look past such for the real picture of a patient's credit. For patients to qualify for financing
patient’s criteria includes;
1. Patient must have income and a down payment (to be determined upon approval)
2. Financing for 36 months
3. A/R balance max $6500.00 after down payment is applied
4. Patient must have a checking account & working phone
5. Patient must execute financing contract
6. Patient must have credit with more than one account on record
Patient's enrolled in Co/Pay Servicing are automatically enrolled in this program. For patients
whose credit disqualifies them 1st Choice Funding provides another option that benefits both
providers and patients.......
30. “No Risk” Self Pay A/R Financing
Option 11b Self Pay Patient Financing Without Credit
It’s impossible in today's financial market to offer financing to credit damaged patients right? Well “No Risk” Patient
Financing delivers a “found no where else” solution as it offers after just 12 on time payments, and minimum qualifying
criteria, a patient financing, provider infusion tool no matter the patients credit score!
Through “No Risk” Patient Servicing, with just 12 consecutive payments and patients have established credit being
reported to all credit bureaus. This “patient friendly” program builds and re-build credit. When compared to traditional
medical collections which lower a patients credit score, our financing reinforces positive patient relations as timely
payments build a patients credit. What great incentive for patients to pay their account wouldn’t you agree?
Patient Financing Criteria Includes;
1. Income from any source
2. Financing up to 36 months
3. A/R balance less than $8,000.00
4. Patient has a checking account & working phone
5. Patient executes financing agreement
6. Patient has no open bankruptcy
7. Patient has no significant credit changes and has 12 months timely payment history
Patients no qualified for financing receive the credit building tool and 100% patient acceptance. Once the criteria is met
the option to obtain financing becomes available.
31. “No Risk” Self Pay A/R Provider Funding
Option 12 Provider Cash Infusions From Self Pay Financing
Patient Financing, Servicing and Provider “Cash Infusion” Funding - A “Win-Win” For All!
A. Patients who meets the credit criteria are financed with:
1. Income from any source
2. Financing up to 36 months
3. Balances up to $6,500.00
4. Patient must have a checking account & working phone
5. Patient must execute financing contract
6. Down payment is required
7. Minimum fico score 630
For each patients whose A/R is financed, providers obtain a
guaranteed 77% of the A/R in a cash infusion upon patients
execution of the financing agreement. (paid in a 30 day cycle)
B. Patients who don’t qualify for financing and who establish 12 on-time
payments receive financing under these terms:
1. Patient has income from any source
2. Financing up to 36 months
3. A/R balance less than $8,000.00
4. Patient has a checking account & working phone
5. Patient executes financing agreement
6. Patient has no open bankruptcy
7. Patient has no significant credit changes & establishes 12 mo. payment history
For each “no credit” patient whose A/R balance is financed, providers are guaranteed a 67% cash infusion
of the contract amount when patients execute the financing agreement! (paid in a 30 day cycle)
Patients who don't qualify for financing still deliver a 91% return on collections, plus interest, and internal
collection expense savings!
32. “No Risk” Self Pay A/R - Provider Funding Benefits
Option 12 Provider Benefits
Patient Financing & Servicing - Provider “Cash Infusions” a “Win-Win” For All!
“No Risk” Provider Funding enables healthcare providers to;
Stop Writing Off As Bad Debt Untapped Assets
Stop Absorbing Collection Expense For Self Pay A/R
Stop Financing Self Pay A/R Patients In House Interest Free
Stop The Financial Drain Unpaid Patient Accounts Create
Stop Absorbing Losses For Patients Who Default in Bankruptcy
With “No Risk” Self Pay Funding, providers generate incredible sums of “cash infusions” from
patient A/R financing.
In addition, regardless of what happens to a patient’s account after purchase, providers are
protected by our “No Risk” guarantee which means if a patient for any reason defaults on the
purchased account, there is no recourse to the provider as providers are 100% protected from
account default!
That's right, providers whose patients default after an account is purchased are protected from
defaulted accounts as providers have no future liability for Self Pay A/R purchased!*
(*The exception is contracts where patients cancel future services. The provider being paid the full
balance simply replaces with equal value the patient A/R, or refunds the balance. This applies only
to future services where contracts are paid in full. i.e. chiro, elective services, etc.)
The Bottom Line;....Only “No Risk” Provider Funding delivers this kind of an asset from self pay A/R!
And Only 1st Choice Funding can convert problematic A/R into cash infusion A/R!
33. “No Risk” Self Pay Solutions Offer…
Self Pay A/R Funding Delivers to Providers Cash
Infusions From;
• Credit Worthy Patients Financed
• Non Credit Worthy Patients Who Establish Credit
• Savings From Collection Expense
• Access to Unlimited Investor Capital
• A “No-Debt” Source for Capital
• Boosts Liquidity by Better Utilization of Assets
• Provides Seamless Implementation
• Delivers Guaranteed Returns on Self-Pay Collections
• Reduces Self-Pay Fiscal Risks
• Reduces Overhead
• Provides Protection From Delinquent Self Pay A/R
• Provides Significant Increases in Profit Margins
34. Are You Ready To Utilize Our Service? The 1st Step is to Download Our
Exclusive Representation Agreement;
By Clicking Here:
http://1stchoicefunding.com/Healthcare-Provider-Representation-Agreement.pdf
Execute the Agreement and Return by Fax to 949.272.2382
or by email to; information.services@
Upon Receipt We'll Contact You Promptly to Begin Your A/R Funding Request
35. For Questions Please Email:
information.services@1stchoicefunding.com
or call
Toll Free
800-839-0939 Ext 623