Benefits Of Healthcare Affiliate Programs

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Affiliate programs are considered to be a great self employment option. There are a no. of benefits associated with affiliate programs. At first it provides with the necessary foundational support to start a new business venture. However, not all affiliate programs may be in a position to deliver the desired results. Healthcare industry all across the globe (in particular in US) is growing at a rapid pace. This has given rise to great profitable opportunities in healthcare affiliate programs. 

Healthcare affiliate programs are seen to be offering great long term benefits. A large no. of healthcare affiliate programs have come into picture. However, let us demonstrate the benefits offered by one of the healthcare affiliate program called Somega Network Associate Program(affiliate program):

In order to join this affiliate marketing program you should be a hardware/software vendor, medical billing company, home based medical biller, medical billing student or a aspiring entrepreneur interested to make an income/additional income between $ 80,000/- to $ 200,000/- per year through attractive revenue sharing. You should have basic knowledge of medical billing and good communication skills. The Somega healthcare affiliate program will not require any investment on your part except, one time license fee.

The program offers a no. of support benefits as listed below:

   1. Access to Somega Brand.
   2. Assist you in lead generation through its sales call center.
   3. Promote you through its centralized marketing efforts.
   4. Train you on the business operations and software.
   5. Provide you with Sales Promotion material.
   6. Manage the entire revenue cycle for the Physicians including
         1. Pre-care patient eligibility and benefits verification,
         2. Claims management and adjudication,
         3. Payment collection, payment posting,
         4. Denial management,
         5. Patient billing and payment processing.
   7. Ensure full compliance with regulatory, privacy and data security norms at all times.

Choosing The Right Electronic Health Record (EHR)

Electronic health records (EHR) is a revolutionary IT tool for the healthcare industry. It is a process of digitization of records. The manual process of maintaining patient records is very time consuming and tedious. The process often results in to insufficient records as well as with chances of more errors. The biggest problem with the manual system is that the records are maintained individually by each healthcare professional as well as hospital, hence, resulting into difficulty in accessing the data at the time of emergency. 

A doctor has to take care of a no. of issues including maintaining patient records, which being a time consuming process. Electronic health records or ehr seems to be an answer to some of the problems faced by healthcare professionals. However, a healthcare professional or a hospital has to be very careful in choosing the ehr system as not all ehr systems are alike. Each system differs in capabilities... at times some capabilities may not be suitable for a particular practice or hospital setup.

At the time of implementation of an electronic health records (ehr) system it is advisable to consider the points as mentioned below:

- Does the ehr system in a position to allow you to meet your goals

- Is the ehr certified by CCHIT

- The total cost of ehr

- Ability to interface with local laboratories and hospitals

- Is the system compatible with the existing infrastructure

- System customization

Healthcare Affiliate Program - A Great Self Employment Option

Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts. Examples include rewards sites, where users are rewarded with cash or gifts, for the completion of an offer, and the referral of others to the site. There are a large no. of affiliate programs available in the market, however, healthcare related affiliate programs offer a great self employment option to those who wish to start their own business venture.

Healthcare industry all across the globe is growing, especially healthcare in USA has reached newer heights.  This situation has come up with great options for enthusiastic entrepreneurs in the healthcare industry. Starting a business all afresh without any experience is a very difficult task, affiliate programs provide with a very good option to start with some business. One can cash on the experience, brand image, infrastructure and other merits of the established company.

There are a large no. of affiliate programs available in the market, however, choosing the best one has always been a major concern for the enthusiastic entrepreneurs. An affiliate program must offer good profit return, training, support and above all longevity of life. Usually, a large no. of healthcare affiliate programs offer good profit returns, training, support and longevity of life. Hence, healthcare affiliate programs are considered to be a great self employment option.

Electronic Medical Records (ehr) – Is IT An Expensive Option?

 Electronic health records (EHR) refers to a paperless, digital and computerized system of maintaining patient data, designed to increase the efficiency and reduce documentation errors by streamlining the process. However, implementing Ehr is a complex process often considered to be an expensive investment by medical professionals as well as hospitals. 

Implementation of electronic health records (ehr) involves costs as regards purchase, implementation, training and customer support. However, the benefits derived from the implementation are many - just like any other record keeping, moving patients' records from paper and physical filing systems to computers and their super storage capabilities creates great efficiencies for patients and their providers, as well as health payment systems.

There might be initial cost of implementation, however, looking into big advantages the amount spent on initial purchase looks very small. Money is saved by using electronic medical records (ehr); not just the cost of paper and file folders, but the cost of labor and space, too. In any business, time equals money. The efficiencies created by simply typing a few identifying keystrokes to retrieve a patient's record -- as opposed to staring at thousands of file folders, filing and refiling them -- saves a doctor's practice or a hospital many thousands of dollars. That's even taking the cost of the electronic system into account.

Healthcare IT Solutions – The Multiple Advantages

 Implementation of healthcare IT solutions is considered to be a very important phase in the healthcare industry. According to industry experts the healthcare industry is under rapid transformation due to the introduction of healthcare IT systems like claims processing system, electronic medical records and practice management (PMS). The industry by and large is benefited to a great extent by the various benefits derived from the implementation of the information technology.

Healthcare IT solutions are considered to be a boon for the healthcare industry. The advantages are many - at first the it systems help in saving a large amount of time, quick & meaningful processing of data, reduction in amount of errors and so on. The above mentioned advantages are definitely helpful to the practice as well as hospitals. They help in bringing down the cost of operation and thereby improvement in the revenues. 

The advantages of healthcare it solutions are many, however, the biggest advantage derived from the implementation is the "improvement in the quality of service and patient safety".

Claims Processing System – The Important Feature to Look for

Information technology has taken the world by storm, practically there is no field without IT systems including the healthcare industry. IT systems like electronic health records, claims processing system has found its way into the healthcare industry. These IT systems ensure smooth work-flow with significant reduction in the time spent. IT system like claims processing system plays a very important role to ensure smooth processing of claims which is a very tedious task. 

A large no. of claims processing systems are available in the market, however, not every system can do justice with the practice. In fact, each claims processing system has its own capability, there are certain standard features that every claims processing must possess. A system may also have a set of standard features, however, the important feature to look for is "interoperability". The system must be capable to interact and get data from electronic medical records. 

The interoperability feature is very important as it helps the claims processing system to receive or transfer data, which makes it a "new age multifunctional device".

Claims Processing System – What To Look For?

Handling claims is a key business process for a medical professional as well as any managed healthcare setup. It is proved that claims management consumes majority of time resources. According to some recent studies, the processing cost of a claim that adjudicates on the first pass (60–70 percent of claims) is pennies compared to dollars for a manually processed claim resulting from an exception or "pended" from the core system (30–40 percent of claims).

The electronic claims processing system aims at reducing the time spent in processing the data, improving the rate of claims reimbursement at reduced time limits, providing more time resources to the professionals, improvement in the quality of service and patient safety, reduction in administrative costs and improving the revenue for the practice / hospital.

Not all claims processing systems are same, they differ in capabilities. Hence, one needs to be very careful when selecting a particular claims processing system. At first, one should look into the requirements of the practice and then compare it with the features offered by the product:

Features That an Advanced Claims Processing System Must Offer:

•    Instant verification of benefit and eligibility information
•    Access to most payer connections in the industry
•    Corrected and verified patient information
•    Low Cost Claim Processing - No charge for transmission of commercial claims
•    Flexible Claims Submission - Direct transmission or print-image
•    HIPAA Compliant Solution - Claimat's working format is ANSI X12 HIPAA v4010A
•    Unique Features - Claim Editor, Reimbursement Manager, Comprehensive Reports
•    Electronic Medical Records (EMR)
•    Online Prescriptions
•    Simple, reliable online patient scheduling solution
•    Data Analysis, Pay for Performance, HEDIS, and HCC reporting in real time
•    Integrated tools will allow for the transmission of lab results to patients, medical groups and health plans
•    Integrates crucial pharmacy data with convenience and clarity

Tags: Claims Processing System | Claims Processing Software

Claims Processing System – How Important Is The Vendor?

 

Claims processing is very important, however, a very tedious task. The manual claims processing system involves a large no. of steps to be followed. It is believed that the major time resources are spent in handling claims processing by medical professionals as well as hospitals.

The electronic claims processing system aims at reducing the time spent in processing the data, improving the rate of claims reimbursement at reduced time limits, providing more time resources to the professionals, improvement in the quality of service and patient safety, reduction in administrative costs and improving the revenue for the practice / hospital.

As far as training and support is concerned, a claims processing system no matter how advanced it is, has no meaning if it does not provide for top class personalized training and 24/7 technical support. One has to be very careful in choosing a vendor; a vendor must be able to provide with a good demo of the product, product features comparison chart (with other products in the market), assurance as to dedicated training and good technical support for the product.  The advantages of implementing the system are many both at physician/ hospital as well as patient level.

Tags: Claims Processing System | Claims Processing Software