First Independent Bank’s Post

With the escalating cost of healthcare causing concern for families, healthcare providers and communities, the financial strain often leads to delayed or incomplete payments. Epic River's Founder and CEO, Jeff Grobaski, discusses capturing deposits through bank-healthcare partnerships in Bankers as Buyers. Download the full report to learn more. #Banking #Healthcare https://hubs.ly/Q02rZrHg0

As per research findings, addressing a critical illness could entail significant financial expenses for you and your loved ones. Discover how Manulife HealthFlex can assist you in managing your healthcare requirements: https://bit.ly/43p0Hbv *** Sign Up to Learn More https://lnkd.in/gi-sh98n Your Personalized Financial Advice Delivered with Integrity. #YouEmpowered #ManulifeInsurancePlans #ManulifeHealthFlex

Why is Claims Processing so hard? How can Nokomis help? Register for the Webinar May 3rd 2024 at 11am Central US Time https://buff.ly/49WRlFx ☝️ #claimaccountability #claimmanagement #HealthPlans #paymentintegrity

Did you know that 80% of US medical bills contain errors, leading to billions of dollars in debt? Don’t let billing mistakes jeopardize your financial health. Secure your finances with our expert services. Precision Hub ensure accurate billing and protect you from costly errors. Contact us now to learn more about how we can safeguard your financial future! #medicalbilling #healthcare #revenuecyclemanagement #UShealthcare #practicemanagement #medicalpractice #precisionhub

Current regulations state that healthcare accounts with a balance lower than $500 can no longer be reported to credit bureaus. However, it's essential to remember that these accounts can and should still be placed in collections. This ensures that you maintain a proactive approach to managing outstanding debts, safeguarding your practice’s financial health, and encouraging timely payments. At IC System, we specialize in handling collections with professionalism and care, particularly in sensitive areas such as healthcare. Our tailored approach ensures that your patients are treated with respect while we work to resolve outstanding balances. Learn more about how we can support your practice in navigating these regulatory changes effectively. https://loom.ly/yDKYosQ #Healthcare #CreditReporting #DebtCollection #ICSystem

🚨 Unallocated Cash: The Hidden Threat to Your Financial Health Unallocated payments might be flying under the radar, but they're quietly inflating your A/R and distorting your cash flow. The recent cyberattack on Change Healthcare has only magnified this issue for healthcare providers. 💡 In our latest blog post, we uncover why unallocated cash is a growing financial risk—and what you can do to address it. From automated tools to proactive management, we’ve got solutions to help you regain control of your finances. 🔗 Read the full article here: https://lnkd.in/gb4md2sc #HealthcareFinance #RevenueCycleManagement #UnallocatedPayments #FinancialHealth #CashFlow

As health plans continue to face high medical loss ratios (MLR), optimizing payment integrity goes beyond cost savings by building a resilient, value-driven approach to payment processes. Health plans that integrate technology with human expertise in clinical insights can detect inappropriate billing, avoid unnecessary administrative costs, and enhance the overall member experience. Matthew Hawley, Cotiviti's EVP of payment integrity, writes that while the industry faces mounting financial pressures, advanced payment integrity programs provide a comprehensive solution to long-term sustainability. https://bit.ly/3YCHxwC #HealthPlans #healthcare #payments

Medicare isn't always free. This can sometimes bring a financial strain on individuals who are on a fixed income or who are unable to work. While this can understandably cause anxiety, there are options that can be looked into to ensure you or your loved one stay covered. Want to learn more about these options? Unsure which option is right for you? Speak with a trusted Healthcare Agent, like myself, for expert guidance. . . #premium #medicareinsurance #insurancepremium #howtopaypremiums #medicareknowledge #healthcareagent #freeconsult #stayinformed

Current regulations state that healthcare accounts with a balance lower than $500 can no longer be reported to credit bureaus. However, it's essential to remember that these accounts can and should still be placed in collections. This ensures that you maintain a proactive approach to managing outstanding debts, safeguarding your practice’s financial health, and encouraging timely payments. At IC System, we specialize in handling collections with professionalism and care, particularly in sensitive areas such as healthcare. Our tailored approach ensures that your patients are treated with respect while we work to resolve outstanding balances. Learn more about how we can support your practice in navigating these regulatory changes effectively. https://loom.ly/yDKYosQ #Healthcare #CreditReporting #DebtCollection #ICSystem

Ensure your practice runs smoothly and financially secure with timely credentialing. Proper credentialing prevents delays, reduces claim denials, and safeguards your revenue stream. Prioritize credentialing and protect your practice's financial health. #Credentialing #RevenueProtection #HealthcareManagement #ClaimDenials #Compliance #FinancialHealth #PracticeEfficiency #MedicalCredentialing #CodexMedical