Owning and running a healthcarerelated business has never be

Owning and running a healthcare-related business has never been such a challenge. The focus is on delivering the highest quality of care while dealing with lethargic insurance reimbursements, mandatory equipment and technological upgrades and upward pressure on interest rates. Discuss in 250-300 words.

Owning and running a healthcare-related business has never been such a challenge. The focus is on delivering the highest quality of care while dealing with lethargic insurance reimbursements, mandatory equipment and technological upgrades and upward pressure on interest rates. Discuss in 250-300 words.

Solution

The frequent change in insurance policy of USA , from Obamacare, also known as the Affordable Care Act (ACA) to Trumpcare, also known as the American Health Care Act (AHCA), has open a lot of discussion about the sucess and delivery in insurance sector.

A repeal of the current Affordable Care Act (ACA) are closer, so revenue cycle management becomes very important than ever in 2017.With high level of uncertainty over the replacement the ACA, citizens afraid about the chances of losing health care coverage and to pay medical bills out-of-pocket. Even for the insurance providers, this can result in lose in profit due to unpaid accounts receivable (A/R). Such threat of non- payment of bills to insurance company create problem of cash flow to health care service providers.

The problem of late reimbursements or no-reimbursements stops these service providers to deliver high qulity services to customer . The technology shift is well known in the industry , and the providers are bound to upgrade themselves for better services, such upgrade requires big capital investment . The capital investment creates pressure of repayments and interest payment on regular basis.

The tendency of late insurance reimbursements reduce the cash inflow to company , force them to default or delay their repayment .  

Owning and running a healthcare-related business has never been such a challenge. The focus is on delivering the highest quality of care while dealing with leth

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