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mconsent · 1 year

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How to optimize Your Account Receivable | mConsent

Do you ever feel like keeping up with Accounts Receivable makes your head spin? We totally get it and want to give you pointers on how to spend less time on AR.

By using insight from both angles, as a dental practitioner and as a business owner, you’ll be better able to develop an effective strategy to run your office more efficiently. In order to protect your practice from going under, it’s important to realize that a business cannot operate on “debt,” and that your finances will need to be sorted out.

Managing Accounts receivable (AR) has been a financial burden for many dental offices across the nation. Staying on top of office finances requires organization and time, which a lot of dental offices simply don’t have.

Improving medical accounts receivable in healthcare necessitates proactive revenue cycle management and the elimination of any inefficiencies that may hold your office back. Examples include investing time and effort in improving the administrative side, running AR reports, and tracking claims so that providers can recover revenue that would be otherwise lost.

If stacks of old accounts receivable begin to pile up, you may want to consider using an automated revenue cycle management (RCM) solution to handle reimbursement collection, and keep your finances in order.

Let’s get started

What is Accounts Receivable?

The accounts receivable balance is the sum owed to your practice for services already delivered but not yet collected. In other words, AR is a metric that quantifies your uncollected output. Seeing a high AR balance as a cost of doing business is not the correct way to view it. Payments from patients should be paid off promptly, and not continue to linger on for an extended time. While some accounts receivable are healthy, a large AR balance can significantly impact your business, from collection percentage to overall profitability, if not properly managed.

Start with Verifying Data

With a proactive strategy in place for managing patients’ information, you can address AR issues head-on. Dental practices revenue that amass huge amounts of AR over time, tend to do so because the check-in process is inadequate. Ensure that your system has up-to-date patient information including their address, pre-authorized payment method, insurance information, and other pertinent data. Being upfront with patients about any out-of-pocket expenses on uncovered procedures is important to avoid billing issues.

Make Obligations Clear to Patients

Ensuring that patients understand the importance of their recommended treatment and what expectations to have, is imperative for a good follow through and prevents miscommunication. Transparency benefits both patients and dental offices. Honest communication enables you to win over patient trust and long-term loyalty, along with providing clearly understood information about treatments and what a lack of proper treatment might entail in the future.

Persuading patients to seek preventive care and treatment can prove to be one of the most difficult components for many practices. It necessitates conversing with patients at their own level in a convincing and concise manner. These conversations may take more than a few minutes, but the payback will be more appointments added to your schedule.

Consequences of Revenue Leakage

Losing revenue to under-billing that has gone unnoticed, is a tough pill to swallow. The cost of revenue leakage can be significant enough to damage a practice if it continuously accrues over the year. Automation of billing and financial aspects of the practice has become a sure way to overcome Revenue Leakage, that thousands of practices have taken on.

Revenue Cycle Management (RCM)

Practices that are stumped on how to reduce days in accounts receivable, or lack the resources to assess their current processes, have the option of automating their entire RCM process. How? The key is to use an automated solution that will cut down on accounts receivable and revenue loss, and will provide the advantage of data and revenue cycle management upgrades.

RCM solutions use experience and big data analytics to pinpoint where providers have the most trouble with AR. Integrating your electronic health records to collect all charges, assure code accuracy, and automatically resubmit claims quickly, addresses many potential administrative errors through revenue and accounts receivable cycles.

Ways to Reduce Days on Accounts Receivable

Many providers find that evaluating their systems is one of the simplest ways to enhance their medical accounts receivable. ARs decipher the age of invoices, and transfer it into revenue leakage when process inefficiencies and oversights go unchecked.

Establish Patient Expectations and Collect Patient Portions Promptly

When patients know what to expect from the start, they’ll have fewer billing surprises, and will be more willing to pay their portion on time. The best way to establish expectations is to communicate them before services are rendered.

It’s easy for patients to forget about outstanding bills if they receive them too far after service. Make it a priority to collect patient payments at check-in and immediately after treatment. It will help ensure prompt payment and minimize your days on AR. Taking on an automated AR solution will ensure faster collections of payments by providing patients with an easy payment route (Text/Email).

Charge Entry

Charge entry refers to creating or entering the initial invoice for a customer in the company’s accounting system. In charge entry, a customer’s record of charges allows payment to be collected from that customer. Charge entry is necessary to provide customers with proper billing information and ensure that they receive credit for any payments they make on their accounts.

Claims Submission

Claims submissions can be a tedious and error-prone process that leads to unnecessary costs for providers. However, with the digitization of the healthcare industry, it’s possible to streamline this critical aspect of patient care with minimal effort and cost.

AR Tracking

Tracking accounts receivable can be a tedious and time-consuming task. The best way to track AR is to use a downloadable spreadsheet or a template. Include the date, customer information, amount owed, and the needed information in your spreadsheet. You'll be on your way to tracking down payments past due in no time at all.

Conclusion

Practices may track trend-lines every month, which can be an efficient and practical approach to using AR-days concept. With it, you’ll be able to detect any changes in the entity’s ability to collect a debt due. In addition, they can compare the metrics for the same month of the previous year for more understanding.

Overall, choosing to automate with the most trustworthy accounts receivable management and billing partner like mConsent, can significantly improve your practice’s ability to sustain low AR days. Learn more about mConsent’s automated accounts receivable solution today.

#accounts receivable

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fluffy-critter · 1 year

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#crosspost #busybee

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realhankmccoy · 2 years

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The way a systemic American operates is that it promises you the way it presents itself as an ass-kicking dominant is all what it is not really about.

Take Donald Trump for example. His whole narrative is that being a take-no-prisoners kickass is all because he's a self-sacrificing reformer, here to cure America's mentally ill government and restore it to vibrant health. It is all ultimately to help the weak, he says.

He adds further texture in saying that he has more money than he could ever dream of so how could it be about the money? He just wants to do the right thing... Hillary is so crooked... the country is so sick... 'these are sick people' sez Donald the Dom presenting as Doctor.

This is also Elon Musk's narrative, as he reminds you all -- multiple times -- that he is working to 'preserve the light of consciousness' and fix the mucked up woke victim mindset of Americans. Only giving him more resources -- he's not even ashamed to try to trick you out of them -- can heal the planet and heal humanity ad astra...

Meanwhile, that he's a boob who's full of shit and makes good people want to puke, well, there's enough rightists and mammon-worshipping liberals out there to fuel his ascent anyway.

All typical Millennials are Trump Jr, mostly, in ways so strikingly similar that it is mind-boggling. They will never be the original source of Trump because their whole operating code is based upon using Trumpian methods and philosophies to overpower Trump. It's like how those little coffeechains around the world try to be Starbucks. Starbucks was forged in a way you can't simply doubleforget Typical Millennials, not being creative or having lost their way on vision due to powerhunger and dominnce fixation, are very disappointing on having given up the potential to be visionaries that they could have had if not for being such lazy and hateful powerdom marshmallows, blinded and further colourblinded by the white power fixation.

They frame their pure dominant self-indulgence as, basically, a necessary stance in order for them to perform a heroic, charitable act of curing what is wrong with you. Oh yes, they certainly believe a lot is wrong with the majority of you, a wrong that requires their domination and mister biggerness. Never for one moment is 'i am here to help' or 'i am here to serve' what they say. Why? Because they're systemic dominators, upholders of the dominant ideology and so it must be framed this way for them to get what they want -- dominion -- and the texture they add to it 'my dominion is really cuz you're sick and in peril and i'm here to help you with what messed you up, which is your weak liberal thinking' is the most systemic trick in the book.

Putin does similar things but not as much, as Eastern culture is a little more brutally real, brutally direct about its mind control, a lot less focused on amateur approaches to playing around with mental illness and putting on some animated cartoon cape for the crusade of the strong to clean up your sick, victimhood-infused 'negative' mindsets and such and such. The American narrative is whatever is most a big ball of spit in the face to blacks, women and gays -- or a deceptive ruse about how they must be dominated first in order to find the seeds of empowerment second.

Kids, you don't have to humour liars, sexists, people who have hatred in their hearts for homors, and dominators, however they try to think you into inauthentic narratives about how their dominator ways aren't really what they are all about. If that were the truth, they'd have developed a proletarian efficiency right now that isn't about spreading the dom umbrella and get to work. Instead they have a capitalist-systemic inefficiency that is quite unpalatable due to the cliche and due to the core content, the promised pill in the hot dog, also being the exact same pill promised by Donald J. But the are liars, hell, they even lie to themselves. Systemic and typical as hell, forged in the factory like the spawn out of Trump's pee pee, who also are working to fix liberal 'mental illness' and how 'crazy' liberals are -- especially the homos, women and anything woke!

Fucking bags of Wonderbread. Toss em in the trash and block em out for good. I did, for even to read Wonderbread is to read something self-serving and inartful and it actually just weakens your nutrition when that meal needs to be something substantive. So I quit em for good. They're still out there, maybe at the next FBI mention I'll take a gander, I mean I will never ostrich myself completely cuz you do need to know what the KKKlan is up to to make sure their dominance first, fix everyone second path of action doesn't get too sick -- but they get way less attention from me now than they used to due to the way they and the threat they pose seem to have weakened for the moment, due to me not being Robocop, nor would i want to be -- and due to not even being anything left to study in the way Wonderbread bags come sliced or where the mold forms first.

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tekinn32 · 3 years

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Hormonal Harmony HB-5 Customer Reviews and Shocking Result!

Hormonal Harmony HB-5 Reviews These Hormonal Harmony HB-5 Supplement Reviews are based on the 2021 customer report and here you can read the ingredients, Hormonal Harmony HB-5 side effects, ailments, is Hormonal Harmony HB-5 pills legitimate? Where Can You Buy Hormonal Harmony HB-5 Pills? Do you buy in Australia, Canada, the UK and Malaysia? Amazon? The review is about the Hormonal Harmony HB-5…

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copperbadge · 6 years

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hey sam, i know you have an awesome set up for organizing your life (seriously, i'm jealous and kind of daunted). how did you get there? do you have any advice for someone trying to start their own system? because as is, i am an absolute mess and not sure where to begin

I mean…eighteen years of practice, basically :D

I was terribly disorganized as a child and a young adult, and in college I probably would have continued that way but I would have failed out. A friend of mine gave me a weekly calendar, which I managed to train myself to use, and the rest was just a series of ongoing experiments in what works best.

So, not to be general, but you just gotta keep trying shit until it works. And I don’t mean like, take one day of bullet journaling and then call it quits if you’re frustrated, but find something you’d like to try out and use it for a few weeks. If it doesn’t work, drop it, but if PART of it works, keep that part.

I don’t think most people can handle a whole, single system, because systems are tailored to meet a lowest common denominator. The problem is that like…when it comes to budgeting I am the lowest common denominator, but when it comes to scheduling I’m extremely high-function, so I need two different systems for those. But because I’m also super lazy, I want them both in one place. The solution FOR ME was to take the calendar I was using (which I built in a spreadsheet) and add in one tab that has an accounting function, and that tab always lives next to the current month I’m in. But that spreadsheet is too slow to load or use for my running to-do list, because as soon as I think of ANYTHING I need to do I need to have that to-do list open and be adding it. So my to-do list lives in my gmail, in Google Tasks, which is always open on my desktop and which has its own app on my iphone. But I can’t put shit like “reblog that one post I saw but can’t work out how to comment on yet” on my to-do list, so I have an entire system of how I like, draft, and queue posts on Tumblr (likes are ONLY for posts I don’t know if I want to reblog yet; drafts are for posts I haven’t commented on yet; queue is everything that’s ready to post).

Will that work for 99% of people? Probably not. Sometimes parts of it fail for me, too. But it keeps me mostly firing on all cylinders. And that’s because it’s a hodgepodge of what works, and I have never turned my nose up at something that worked, even if it seemed inefficient or ugly as a methodology.

Think about what your actual needs are. Do you need to remember to pack your bag for work/school/etc every day? Do you need a better way to remind yourself of appointments or due dates? Do you need a way to keep a running to-do list of stuff, or just to prioritize a list you already have? Do you need a way to track paperwork and make sure you know where it is? Do you need to remember to take your meds? Make a list of these things on paper or in a document so that you don’t have to remember all the shit you need to remember.

Then think about what will make those things the absolute easiest to do. Sometimes that’s carrying around a notebook and just, everything goes into the notebook. Sometimes it’s having special apps on your smartphone and making heavy use of your phone (along with a line I often give which is, “Sorry, I swear I’m not ignoring you, I just need to put this in my phone before I forget.”) Sometimes it’s having a medication box you fill up each week so you only have to remember to open the hatch and take the pills, not which pills you have to take. Sometimes it means designating an hour, every Friday, to scan in your paperwork, title it appropriately, and store it in a folder on your hard drive. (Yes. I do this for both work and personal life. Every Friday, “weekly scanning”, from 8-9am at work.)

Make use of habits you already have – if you always have your phone with you and are constantly using it, use that. If you always have at least one email tab open, associate your email with certain tasks or set alarms within your email program (I have tons of alarms on Outlook, my work email, for shit I have to do during the day). The less you have to remember to do, the more likely you are to do it all.

And our needs change as we grow older, as we change jobs, as we marry or have pets or kids, as we grow houseplants or change our diets. So if something stops working, stop and think about what could change to make it functional again.

It’s an ongoing process – it will never be complete, it will always be a car I am building as I drive it. But I’m getting where I need to go, which is the vital part.

(Did you find this useful or educational? Distract me from my to-do list by dropping some change in my Ko-Fi or at my Paypal!)

#Anonymous

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affiliatemarketingaff · 3 years

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best supplements for weight loss 2020 : what fat loss supplements really work?

It isn't always simple to lose weight. There are numerous elements that influence a person's capacity to lose weight and keep it off in the long run. While appropriate food and exercise are essential, some people find that adding a supplement to their daily regimen makes achieving their weight reduction goals much easier.

If you want to encourage a healthy metabolism as well as natural fat burning and weight loss, this is the vitamin for you.

Heat is produced within the body by increasing cellular temperatures and cell activity, which stimulates and accelerates the metabolism. Use Meticore in conjunction with fat-burning lifestyle behaviors like balanced eating and regular exercise to achieve the best benefits.

Meticore is a daily supplement that boosts the metabolism and improves energy while also promoting fat loss.

What is Meticore?

Both men and women can improve their core body temperature by taking the supplement on a daily basis, according to Meticore. Each pill contains six potent, high-quality nutrients that boost metabolism by raising internal body temperature.

If you're having trouble losing weight, this could be the vitamin you've been missing from your daily routine.

It's crucial to keep in mind that Meticore isn't a magic drug. If you continue to consume a high-calorie diet and exercise infrequently or not at all, you will not lose weight or burn fat. While Meticore will help to wake up a dormant metabolism and aid digestion, it won't work unless it's used in conjunction with a healthy lifestyle.

Negative reviews and feedback are likely to appear while researching any fat burner tablet, however this is mainly due to user error. Meticore must be taken on a regular basis, and many people forget that it is a supplement, not a cure-all.

Benefits of Meticore

There are hundreds of fat burners on the market today, but Meticore is one of the best. This product is worthwhile to think about because it:

1) Is devoid of stimulants. It doesn't contain any artificial stimulants to help you lose weight or keep it off.

2) Is completely natural and vegetarian-friendly.

3) There are no GMOs or other additives in this product.

4) Is potency and purity evaluated by an independent third-party lab.

Meticore may aid to balance blood sugar levels, as well as promote heart, brain, and joint health, in addition to increasing core body temperature to increase metabolism. This supplement is FDA authorized and manufactured in the United States. Meticore is manufactured in a GMP-certified facility, ensuring that it is processed according to strict and safe guidelines.

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bestweb20sitelist · 3 years

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Revolutionising Lebanon’s agriculture sector as food runs out

New Post has been published on https://uspost.xyz/uncategorized/revolutionising-lebanons-agriculture-sector-as-food-runs-out/

Revolutionising Lebanon’s agriculture sector as food runs out

Beirut, Lebanon – As time runs out for government subsidies in Lebanon, the troubled country faces an uphill battle to keep its population fed as food prices continue to rise, driven up by an ever-deepening liquidity crisis and a severe dependency on imported foreign goods.

Despite having the highest proportion of arable land in the Arab world with more than 200,000 hectares (494,000 acres), Lebanon’s own agricultural sector has gone underfunded and underdeveloped for many years, hindered by a lack of modern equipment and inefficient production techniques.

Now, with Lebanese farmers unable to even cover their own operating costs and the government paralysed by political deadlock, international NGOs such as Anera have been forced to upscale their aid programmes to fight back against the rapid socioeconomic decline.

“I think that Lebanon is a rich country that has not been developed to its potential, and not just in the agricultural sector,” Samar El Yassir, Anera’s Lebanon country director, told Al Jazeera.

“With the bad governance we have instead of optimising our resources many times we are diminishing [them].

“Our interventions are at a grassroots, community level and not a policy level. There is not a government to influence. We are trying to find ways to build resilience and sustain these communities through these crises.”

Farm workers tend to newly planted fields [Courtesy: Anera]

Infrastructure non-existent

In happier times, some of Lebanon’s farmers made a tidy profit selling produce to foreign markets. However, this has led to a system of diminishing returns as those markets have become inaccessible.

Saudi Arabia suspended all imports of Lebanese fruit and vegetables back in April after a shipment of pomegranates was found to have been used to smuggle millions of Captagon pills into the kingdom, cutting off an important revenue stream and tainting the image of Lebanese produce internationally.

“Lebanon grows quality produce that sells at high prices in the Gulf region,” said Serene Dardari, Anera’s communication and outreach manager.

“When agricultural exports fetch high prices, Lebanon imports the same products from other neighbouring countries in order to benefit from the price difference and taxations, which is not really a sustainable economic system.

“Infrastructure and technological support is weak or nonexistent,” she continued. “Water supplies are in constant shortage due to a crucial lack of dams, which would otherwise allow for the use of surplus rainwater for irrigation and other functions, despite Lebanon having the highest rainfall levels in the region.”

Anera is working closely with farmers to improve both the quality and quantity of their crops [Courtesy: Anera]

In Lebanon’s coastal Akkar district, one of the country’s most fertile regions, Anera has been providing farmers with tools and technical assistance, as well as high-quality seeds and pesticides, while also helping them to take on additional agricultural workers, many of whom are Syrian migrants.

This then allows farmers to expand their farmland and establish new plastic greenhouses and irrigation tubing systems, also provided by Anera.

“Many of our rivers are polluted and much of the land is not used properly,” explained Yassir. “We are teaching farmers how to do irrigation with water that isn’t polluted and with good practices. The hope is that this will not only improve their incomes, but also the quality of the food they produce.”

Dardari added: “The driving notion behind this is to teach a man how to fish rather than to give him one. By increasing the farmers’ capacities, as well as both the quantity and quality of their yields, we are trying to minimise their dependency on aid.”

With this scheme, the NGO hopes to provide a model for a more productive and profitable agriculture industry. This would allow Anera – as well as other organisations and local communities – to further build upon this for the future with an approach scalable to the resources available.

Fears of ‘brain drain’

In order for this development to continue in a meaningful and long-lasting way, a new generation of farmers is required to carry it forward. With so many Lebanese graduates and professionals leaving the country in search of a better life elsewhere, that may prove difficult.

“What concerns me as [both] a Lebanese and a development professional in this country is the ‘brain drain’ across all sectors,” lamented Yassir.

“One of Lebanon’s many resources is its people. [We] have access to good education, so we [need to] utilise these talents.”

A farmer displays freshly picked cucumbers [Courtesy: Anera]

Fortunately, Anera may have found a potential solution to this issue by offering young people a chance to try out farm work for themselves, synergising with their other development initiatives.

“We are investing in training youths in agriculture, placing them with different farmers so they can gain more experience while also helping these farmers,” said Yassir. “We are also helping them set up their own small agricultural practices on their own land.

“Lebanon has fallen and we need youth and communities to build it again,” she added. “Lebanon needs a government that is able to enact the reforms that are currently holding back foreign aid.”

By cultivating interest in the field among the younger generation, the NGO said it will come to appreciate the need for sustainable agriculture and possibilities it can offer as a potential career path.

With fuel subsidies also coming to their end, many in Lebanon are bracing for further dramatic increases in food prices, as farmers require large volumes of fuel to operate their machines and transport their goods to market.

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david1003-posts · 3 years

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Repeat Prescriptions Are Expensive and Time Consuming: Is it true?

Repeat prescriptions have become increasingly popular over a short time. Most of the repeat prescription services are prescribed by the GPs to manage long health term conditions as the likes of diabetes and cardiovascular diseases where there's a need to buy the same medicines for months or even years at go. The popularity behind repeat prescriptions lies in the very fact that this allows patients to demand medicines without having to go in for another doctor's appointment. The patient conveniences are balanced and regardless of the myths revolving around, they are pretty cost-effective.

Repeat prescription for quite some time has been considered to be a major boon for many patients given the combination of problems that they suffer while going through the troubles of making another appointment at the doctor's clinic. With repeat prescriptions giving them the freedom to dispense the same prescription for more than once, them being expensive or time-consuming is simply not true.

The key advantages of the repeat prescription are that they help in issuing monthly supplies of medicines. Also teamed up with the repeat prescription service online, there is an added benefit of having all the essential medicines being delivered to your doorsteps around the weeks or months as suggested by the physician. There can be plenty of reasons why patients can't meet a doctor round the corner for the same chronic illnesses again and again. From financial issues to lack of timing and so on. This leads to lessening the consumption of pill putting the patient's health at risk. Also with the patients having fewer pills in their possession, it is harder to mislay or stockpile them.

The time and effort which is spent at dispensing pills in community pharmacies are also considered when put to arguing states the fact that there's inefficiency. With the repeat prescriptions, there's a shorter prescription that cuts down the time frames and helps in improving the efficiency. There's also a decrease in the workload for GPs authorizing further prescriptions. The repeat prescription can be used in any of the late-night pharmacies like Late Night Pharmacy Richmond or late Night Pharmacy Teddington to get away from the crowd of the regular pharmacies and purchase your medicines with ease.

#Late Night Pharmacy Richmond #Late night pharmacy Teddington #Repeat prescription services #Repeat Prescription Service online

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mansoorahmed-stuff · 3 years

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What is Internet of Things (IoT)?

The internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the online , collecting, sharing and analyses of data . It describes the network of physical objects that are embedded with sensors, software, and other technologies for the aim of connecting and exchanging data with other devices and systems over the online.

Because of cheap processors and wireless networks, it's possible to point out anything, from a pill to an aero plane to a self-driving car into a neighborhood of the IoT.

Overview

IoT will control the Fourth industrial revolution.

The Fourth industrial revolution is changing the very software-defined automation allows manufacturers to link all stages of the price chain, rapidly adapt to changing markets, and make highly personalized products on a mass scale.

The opportunities presented by this revolution are incredible. According to McKinsey, the economic impact of smart factories could reach up to $2.3 trillion once a year by 2025.

At the center of the Fourth industrial revolution is that the Internet of Things (IoT), which uses digital technology to connect sensors, actuators, and machines to each other and to factory workers.

Definition

The web of Things is that the network of physical devices that combine IP connectivity with software, sensors, actuators, and other electronics to directly integrate the physical world into our computer-based systems, resulting in efficiency improvements and economic benefits.

Simpler Definition:

the web of Things could also be a network of Internet connected devices that communicate embedded sensor data to the cloud for centralized processing.

Applications

The extensive set of applications for IoT device is typically divided into consumer, commercial, industrial, and infrastructure spaces.

Consumer applications

A growing portion of IoT devices are created for consumer use, including connected vehicles, home automation, wearable technology, connected health, and appliances with remote monitoring capabilities.

Smart home

IoT devices are an area of the larger concept of home automation, which can include lighting, heating and air conditioning , media and security systems and camera systems.

Long-term benefits could include energy savings by automatically ensuring lights and electronics are turned off or by making the residents within the home aware of usage.

Smart Planet (Green environment)

Environmental sensors.

Water power leak detection

Pollution, weather monitoring

Smart cities (Connected communities)

Lighting, water management

Monitoring and security

control

Smart Energy (Electric grid)

Voltage and power sensors

Meters and breakers

Fault detection

Smart Transport

Electric mobility

EVs and HEVs

High speed trains

Infrastructure ,V21, V2v,V21+1

Smart Industry (Industrial environment)

Lightening, security, actuators, production control, Robotics

Elder care

One key application of a wise house is to provide assistance for those with disabilities and elderly individuals. These home systems use assistive technology to accommodate an owner's specific disabilities.

Voice control can assist users with sight and mobility limitations while alert systems are often connected on to cochlear implants worn by hearing-impaired users.

They can also be equipped with additional safety features. These features can include sensors that monitor for medical emergencies like falls or seizures. Smart home technology applied during this way can provide users with more freedom and a far better quality of life.

The term "Enterprise IoT" refers to devices utilized in business and company settings. By 2019, it's estimated that the EIoT will account for 9.1 billion devices

The Current and Future Impact of IoT

The IEEE has compiled data and makes the next claims about its current and future impact:

In 2015, the worldwide wearables market had already increased 223% from the previous year (and data on Statista shows it increasing by another 243% between 2015 and 2022)

By 2020, 250 million vehicles are getting to be connected to the online

IoT will add 15 trillion dollars to the worldwide economy over subsequent 20 years

There are getting to be 50 billion Internet-connected devices by the year 2020.

Benefits of IoT

The interconnection of these multiple embedded devices are getting to be resulting in automation in nearly all fields and also enabling advanced applications. this is often often resulting in improved accuracy, efficiency and economic benefit with reduced human intervention. the most benefits of IoT are:

Improved Customer Engagement

Technical Optimization

Reduced Wastage

Integrate and Adapt Business Model

Better Business Decision

IoT Enabling Factors

Miniaturization

Connectivity

Advanced power sources and power management

Inexpensive processors, sensors, and actuators

Cloud-based processing

Ubiquitous computing

Challenges to IoT

Security, Privacy and compliance.

Market fragmentation

Legacy infrastructure

LAWN/WAN Connectivity

Underutilized data

Interoperability and Standards

IoT Devices vs Computers

IoT Device features a main function break free Computation

Cars drive, Phone make calls, TVs displays shows

Computation could also be a means to an end

Computers main function is to compute, they're general purpose machines

IoT Devices are Special Purpose Devices, software and hardware are efficient for the task - but inefficient for other tasks

Technological Trends that cause IoT

Cost of hardware has decreased allowing to be added to devices

Smaller size and lesser weight needed to incorporate computation into devices

Computation ability has increased tremendously

Internet is out there everywhere

Wireless Access (4G, Wi-Fi) has become cheap and ubiquitous, 5G on the way (No physical cables required)

Data transmission cost is fairly low, internet bandwidth is high

Cloud computing is getting used extensively (IoT devices are a window to those cloud services)

Rise of Open Source Software (Rust, Web Assembly, Docker, Kubernetes, etc.)

Environmental sustainability impact

A priority regarding Internet-of-things technologies pertains to the environmental impacts of the manufacture, use, and eventual disposal of of those semiconductor-rich devices.

Modern electronics are replete with an honest sort of heavy metals and rare-earth metals, also as highly toxic synthetic chemicals.

This makes them extremely difficult to properly recycle. Electronic components are often incinerated or placed in regular landfills.

Furthermore, the human and environmental cost of mining the rare-earth metals that are integral to modern electronic components continues to grow.

Although IoT devices can help in some cases to reduce the energy consumption of certain applications, the impact of getting billions of devices connected and consuming power from batteries and from the grid will have a huge impact on energy consumption and CO2 emissions.

#iot #cyber security

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qmtashely89501-blog · 3 years

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ynsespoir · 4 years

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5 Reasons why Prior Authorizations are Challenging

What is Prior Authorization in healthcare?

Prior authorization (PA) is often used with expensive prescription drugs. Health insurance companies use prior authorization to verify that a certain drug, procedure, or treatment is medically necessary before it is done or prescribed. Put simply, it is the process of getting approval from your health insurance company (not your doctor) to obtain a prescription or treatment.

Here are five reasons why prior authorizations are hard to manage:

1. Time-Consuming for Doctors

Many physicians have long expressed their dissatisfaction with the time they and their staff have to spend interacting with health plans according to Medical Economics. When a prescription needs authorizing, this takes a lot of admin time, including the time a physician has to spend persuading an insurance company to cover a medication or a procedure that is expensive.

Per the AMA, “Ninety percent of surveyed physicians reported that the PA process delays patient access to necessary care. Forty-four percent of doctors say PA requests “often or always” hold up care. And those delays are often lengthy, with 26 percent of physicians saying that, in the prior week, they waited three business days or more on average to receive PA decisions from health plans.”

There are multiple steps that a physician has to follow to complete prior authorizations. This can involve securing the correct form, then filling it out with the required information, submitting the form to the plan, etc. In particular, holding time is long when trying to reach a customer service representative in the insurance company, with hold times averaging 20 minutes or more. Many physicians will tell you that the overall process can take 30-45 minutes for each PA submission.

There are many real-life case studies that demonstrate the inefficiencies of PA. Danielle Ofri, an associate professor at New York University School of Medicine, speaks of her experience with PA as “frustrating.” In one example, Dr. Opri had to go through four phone calls and four customer-care representatives to get the request of 90 pills each month for her patient who suffers from high blood pressure, rather than the 45 which was recommended by the company. The issue was that the 45 pills a month was the maximum allowed for this particular medication. After submitting a list of information including a list of all the blood-pressure medications that the patient had been on in the past, including dates of initiation and relevant lab values, Dr. Ofri was able to get an approval from the representative after going back and forth countless times. According to Dr. Ofri, the time spent on the phone could have been put to better use for patient care.

Kevin de Regnier, DO, a solo family practitioner in Winterset, Iowa, also speaks of his negative experience with prior authorization, which has grown steadily during his 26 years of practice. According to de Regnier, the nurses spend about 10% of their time each day on prior authorization. “It’s an unreimbursed cost of providing care, and unfortunately, we don’t have the financial resources to bring in someone to do prior auth exclusively, even on a part-time basis,” he says.

Unfortunately, they are not alone; a survey found that 84% of responding physicians believe the burden of PAs is high or extremely high. Another 86% of physicians also responded that the burden of PAs has increased over the past five years, which takes away the time that physicians can care for their patients.

2. Costly for Healthcare Practices

Although PA has been an issue among healthcare providers for many years, little is known about the cost, either to individual practices or the healthcare system as a whole. In 2009, one study estimated that, on average, prior authorization requests consumed about 20 hours a week per medical practice: one hour of the doctor’s time, nearly six hours of clerical time, plus 13 hours of nurses’ time.

A study by Health Affairs further revealed that when the time is converted to dollars, practices spent an average of $68,274 per physician per year interacting with health plans. This equates to $23 billion and $31 billion annually! Prior authorization ultimately ends up costing the health care system more than it saves.

3. The Process Problem

More drugs than ever before require a prior authorization. The number of insurance plans is increasing as well, each with its own forms and policies. This makes it difficult for providers to keep up as the requirements keep changing.

Failure to obtain proper authorizations can have a drastic effect on the practice income. No authorization means no payment. Insurers won’t pay for procedures if the correct prior authorization isn’t received, and most contracts restrict you from billing the patient. PA denials result in lost revenue, declines in provider and patient satisfaction, and delays in patient care.

The chart below demonstrates this and shows how much revenue is lost due to authorization.

Despite the effort to save cost on the insurer’s side, it is not even clear whether insurance companies are saving money in the long run. One study examined the records of more than 4,000 patients with Type 2 diabetes who were prescribed medications requiring prior authorizations. Those who were denied the medications had higher overall medical costs during the following year; not getting the medications probably worsened their conditions. Therefore it cost insurers more in the long term as they seek other treatment and medication.

Although PA is widely implemented as a cost-containment measure, it is a labor-intensive procedure for health care providers, patients, pharmacists, and pharmacy benefit plans. Denied claims create the need for manual intervention; this increases practice costs and administrative transaction costs (just under $14 per transaction).

A common problem with many busy practices is that many claim denials sit unworked since denials are usually the most difficult and time-consuming work for billing staff. PA requires multiple letters with supporting documentation and multiple telephone conversations. As a consequence, PA costs are expensive, administratively daunting, and unsustainable for most primary care providers.

4. Patient Delay

The real impact of PA is often felt by patients who are delayed in getting their medication or treatment. As a patient, PA problems can create a huge interruption; they have to figure out whether the process is stalled out with the doctor, the insurance company, or the pharmacy.

Nearly all physicians noted that wait times corresponded with delays in necessary care, which added to the risk of adverse events. Significantly, 78% of respondents said that PAs could result in patients forgoing necessary treatments, according to the release.

Up to 92% of doctors say that prior authorization harms patient access to care, which ultimately damages clinical quality outcomes. While the process brings a certain accountability and cost containment, several hours are lost in productivity.

For a submission to get authorized, approximately 64% of physicians waited for at least one business day for a PA decision, and 30% said they waited three or more business days, according to the AMA. During this time, patients are unable to start treatment. These long wait times have a negative impact on patient experience and patient care, and for many practices, the burden of the PA process causes them to abandon a preferred therapy in favor of a different formulary medication.

5. Process Management

The management of PA can sometimes be difficult to manage as the requirements can vary widely from one insurer to another, each of which also has a different process for submitting prior authorization requests. This means the process cannot be standardized at times and must be done manually, which, of course, can drain resources and time if this is already limited.

Even when the practice has provided a request in a timely way, the insurer may still end up not paying for the prescribed medication or treatment. Unfortunately, claims with prior authorizations are denied more often than you might think. Insurance companies can deny a request for prior authorization for reasons such as:

The doctor or pharmacist didn’t complete the necessary steps

Filling the wrong paperwork or missing information such as service code or date of birth

The physician’s office neglected to contact the insurance company due to lack of time

The pharmacy didn’t bill the insurance company properly

Outdated information – claims can be denied due to outdated insurance information, such as sending the claim to the wrong insurance company

The insurer failed to notify the pharmacy

The approval expired after a limited time (normally 30 days)

The chart below shows the reason PA was denied:

Image source: Managed Care

From the chart, it is clear that the majority of payers report their denials due to the failure of physicians not meeting their guidelines – 70% of payers say that they deny requests because what is sent over is not consistent with their listing/guidelines. Whereas from the practice manager’s perspectives, 42% of requests were denied due to them not meeting the guideline, therefore there is a slight discrepancy between the two.

One significant difference in perception between the practices and payers, however, is the denials for medical necessity. Only 12% of payers say they base their denials on medical necessity, yet 51% of practices say they receive denials for this reason. Payers and physician practice managers have different perceptions of why authorizations are denied.

What can be done to improve the Prior Authorization process?

Although prior authorization is an unavoidable step in many practices, the current process is all too often manual and involves prescribers, payers, pharmacists, and patients in a cumbersome flow of information that may result in delays in treatment and dissatisfaction for all. As a result, many are implementing electronic prior authorization solutions to address common issues with the approvals process. ReferralMD integrates directly with electronic health records (EHRs), enabling healthcare professionals to easily obtain prior authorizations in real-time at the point of care. This also eliminates time-consuming paper forms, faxes, and phone calls.

In 81% of instances where claims are denied, prior authorization was either not obtained or not handled properly. By initiating automated prior authorization processes for hospitals, front-end denials are reduced. Healthcare surveys revealed that prior electronic authorization could save as much as 416 hours per year! In 2015, the average cost to a provider for a fully electronic prior authorization was $1.89 compared to $7.50 for entirely manual authorization.

What the prior authorization process demonstrates is the incredible amount of clerical time that it takes: up to about 50% of the physicians’ time in the office, while less than 30 percent of the day is spent on direct clinical care. These growing diversions from patient care act as physicians’ biggest source of professional dissatisfaction.

In order to simplify the prior authorization process, there may be improved ways to achieve the “Quadruple Aim” of healthcare. The Quadruple Aim includes Improved Patient Experience, Better Outcomes, Lower Costs, and Improved Clinical Experience. If healthcare technology can help physicians automate approvals, they would be free to pursue better care, improved health outcomes, lower costs, and enhanced clinical experiences.

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jeristheenigma · 4 years

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So most of my immediate family is outside, loading up supplies like one would to go on a long car ride (snacks, maps, is your phone charged, etc), out on a dirt, forest road. Nearby, dozens of people are doing the same with their families. Like... imagine a parking lot near a popular camping area/hiking trail. Everything from grandmas to basically toddlers. Only... there are no cars. We are loading cows. Not cattle-style cows either, but black & white dairy cows. Another important detail is that, besides us, as far as I can tell, literally everyone is a Native American or Hispanic.

My mom hands my brother a printed out Mapquest map and at this point I'm realizing that we're taking the cows to California, to be butchered & processed, which will take 2 weeks of walking/riding. I am FURIOUS. I don't want to do it, no one told me what was up until just now, it's just me & my bro going (and everyone else, but we're traveling together without being officially together, just a safety in numbers thing). SO pissed, but I'm kind of forced to go because "I don't have to" but I'm not going to make my little brother go by himself. Despite being an even worse shut in, my bro is somehow completely fine with this. I am literally the only one who has a problem with this whole trip.

Anyway, we start going down the trail, hobbling along at lazy cow speed, and I think to myself "I can't read a fucking map, I need GPS, I need to have my phone", so I run back for it & return. Now I'm extra stressed, because that battery won't last and how am I gonna charge it? Sure, we'll stop at like McDonalds on the way(???) but how much charging will it really get there? Also, this trip it bullshit, whyyy are we doing it this way, like... it's super inefficient and are we going to just carry the milk & raw steaks back? We're killing our rides after all... Some of the younger kids kinda think about that, but still no one gives a shit, like I'm an idiot lol

At some point we stop somewhere to rest/eat and I'm aware that I'm probably being an annoying bitch whining the whole way, so I approached a group of families and say "hey... if yall can answer just one question for me so I can understand this thing a little better, I promise to stfu for the rest of the trip, no matter what" and again ask why we're doing it this way. Loud arguing breaks out and no one even acknowledges me after this point. I overhear an old guy say something about "we must respect the old ways" but it isn't directed at me, just a snippet overheard. No one agrees on anything, but it's time to go again, so everyone loads back up and hits the trail. As promised, I stfu anyway, but am back to worrying about my phone.

The only feasible solution would be a solar charger, but I didn't buy one. Why the FUCK didn't I buy one?! If I leave the group at all, my battery will die and I won't be able to find my way back because there's no You Are Here marker on the paper map and no one will be able to find me out in the woods (or will even look, because duh stay with the group dumbass). You stupid bitch, if you so much as sleep you will get left behind, blink and you'll lose the group, WHY. Didn't. You. Buy. The solar chargerrrr. Why?!

I woke up nauseous, dizzy, and thinking GREAT now I HAVE to buy a fucking solar charger. e___e

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affiliatemarketingaff · 3 years

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hvrthe-blog1 · 4 years

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slowlyeden · 4 years

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