Loopholes in the Affordable Care Act (ACA), also known as Obamacare. allow insurers to potentially hold & retroactively deny your claims affecting your medical practice’s revenue. Your medical billing staff will have to be on their A-game. If they aren’t, your practice’s revenues and financial stability will likely take a huge hit.
Penalty for No Health Insurance A lot of the medical practices we service are asking us questions about the Affordable Care Act (Obamacare) and how it may affect their patients. One of the questions we hear asked is if there is a fee, penalty, or tax for not having health insurance, as some of the young adults don’t want health insurance and just pay cash if they do need to see a doctor. According to the government: Starting January 1, Continue Reading
What You Need to Know About Obamacare Almost 60% of Americans do not know enough about Obamacare, and being out of the loop causes people to question if they support it or not. Who does it affect? Who is involved? What new taxes are included in the Affordable Care Act? These questions and many are answered in our latest infographic from our friends at TopRNtoBSN.com.
Is Your Medical Practice Ready for the Affordable Care Act? With election season in full swing, there’s been a lot of speculation about what will happen to the Affordable Care Act (ACA)–commonly referred to as Obamacare–if Mitt Romney is elected President. In truth, because the ACA is an Act of Congress, there islittle that any President can do to overturn the law. Since it’s likely here to stay, physicians should plan ahead to adapt their practices. Here are five things Continue Reading