Archive for July, 2009

Your Choices in Home Medical Equipment

Friday, July 31st, 2009

It is very difficult growing older. You do not have as much energy as you used to have, your body is more prone to injury, and moving around is a much more difficult chore! In order to maintain an active lifestyle and living independently, you need the machines and equipment you need to do so. It can be frustrating if you need the assistance of an in-house caretaker or nurse every day, especially to help with simple tasks. It can be very embarrassing to need the extra assistance in the bathroom, for instance, but as this room is the most dangerous, it is essential to have someone near by to help should an accident occur.

Another factor you should look into to make life easier and safer as you age is home medical equipment. These items and medical machines are incredibly helpful and keep you safe inside and outside your home. The category of medical supplies range everywhere from wheelchairs to adjustable beds to special heat therapy pads.

If you need assistance walking or need more mobility, wheelchairs, scooters, and walkers are exactly what you need. The piece of equipment you buy depends entirely on your state of health and fitness level, you particular mobility needs, and how much you can afford to spend. Go see your doctor if you feel you could benefit from a walking aide or motorized scooter. He will assess your abilities and make the recommendation that he feels is the best for you.

Other types of home medical equipment are items that help you maintain independence in the bathroom and the bedroom. You can find adjustable beds and lift chairs from medical equipment suppliers so that you can make your transition into bed easily in the evenings. For the bathroom, you can install grab bars around the toilet and bathtub areas so that you can catch yourself if you slip on the wet floor.

It is possible to maintain your independence as you grow older, you just need to tools to be able to do so. Talk to your doctor to see which medical products will help you maintain an active lifestyle at a price that you can afford!

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Medical Staffing Companies Boost Their Profitability With Factoring

Wednesday, July 29th, 2009

You have a great relationship with nurses, medical transcription services, medical coding services, medical supply companies, etc. Clients from hospitals, nursing homes and many different areas that medical staffing is needed but cash flow issues can affect you daily. Factoring medical staffing receivables solves the cash flow problems created when your medical staffing business has growth opportunities that exceed its ability to finance.Factoring is not a SBA loan or a bank loan, but is a way of financing your account receivables without you having to qualify. Where a bank loan can take you up to 3 to 4 months to take out, factoring can be done in as little as 3 days. Factoring Medical gives you both the immediate cash and an ongoing source of working capital. Helps you control your operating expenses as well as seasonal cash flow fluctuations that can occur.Fact: Each Practice or Business is unique.Fact: Medical Staffing is different than Hospital Insurance needs.Therefore each should be carefully analyzed and then have a customized financial solution created to match those unique needsSome have the need for cash flow to help them grow the business or update equipment or deal with delayed payments. Others need off balance sheet financing, others need bridge financing and others need tax relief. By focusing on the unique needs in each situation medical factoring company can deliver the financial needs you are looking for to help you.The goal of a good factoring company is simple, to help your business growing with the cash needs you have. If you are serious about increase sales and expanding your business, contact http://www.FactoringMEDICAL.com and find out the many ways factoring medical receivables can help you and your business grow.Daniel Doane http://www.FactoringMEDICAL.com

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How to Finance a Medical Practice that is Growing Too Quickly

Monday, July 27th, 2009

Regardless of what industry pundits say, opening a medical practice can be both very rewarding and very lucrative. Of course, as with any business, medical offices have their own specific financial challenges. One of the biggest challenges for medical practices of all sizes is adjusting to the long payment cycles of private insurance providers and Medicare/Medicaid. It is not uncommon for bills to insurance companies to take up to 120 days to pay. This slow payment cycle wreaks havoc in the office’s cash flow, forcing the medical office to carry the costs of doing business – paying rent, equipment leases and office staff – while waiting to get paid. This can be prohibitively expensive and prevent the office from growing and hiring additional staff. At its worst, it can threaten the very existence of the medical practice.

However, there is a light at the end of the tunnel. There is a financing tool that lets you capitalize on your slow paying insurance companies and turn their slow payments into immediate payments. The solution is to factor your medical receivables.

How does medical receivables factoring work?

Medical receivables factoring (or medical factoring for short) is a financing tool that allows you to turn slow paying invoices into actual cash, by selling them to a medical factoring company. The medical factoring company pays you for them and waits to be paid by the insurance companies. It eliminates the slow payment cycle, reducing the payment time from 90 days to two days. This provides the medical office with the necessary funds to meet expenses, such as paying rent and staff. It also frees up capital to grow the business into new areas.

The medical factoring process is fairly simple. Once a factoring arrangement is established, your office sends its weekly receivables to the factoring company for immediate financing. The factoring company will calculate the actual amount paid by insurance companies (called the net collectibles) and advance you up to 80% of that amount. The remaining 20% is called the reserve, and is used to settle billing discrepancies. Once the insurance company pays the medical bill, the remaining 20% is rebated, less the financing fee. The financing fee varies based on how long the invoices were financed.

Although qualifying for factoring is relatively simple, most financing companies will only work with medical offices that have net collectibles of at least $50,000. Terms usually get better as the practice grows. Medical practices, testing centers and medical supply companies that have over $200,000 a month in net collectibles are in the best position to get the best terms. This is because insurance payment processing can be very complex and there are a number of efficiencies that can be realized with high volumes.

Advantages of medical office factoring

Medical office factoring has some advantages over other financial products. The most important is that the financing is recurring and happens every time you invoice an insurance company. This makes it a cash on demand product. As opposed to loans and lines of credit, the factoring line has flexible limits. As a matter of fact, the limits are based on your ability to invoice, making it an ideal growth tool. Lastly, doctor office factoring is easy to qualify for and the personal credit of the practice owners is usually not involved in the financing decision.

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Emergency Supplies – Storage Ideas

Thursday, July 23rd, 2009

You’ve put a good deal of time and effort into planning your emergency supplies, tools, evacuation and disaster relief plans. All of that planning will do you no good if you are not organized. If your house’s heating system goes out on the coldest night of the year and you can’t find your solar blankets and sleeping bags, then all that pre-planning is wasted. It is absolutely imperative that you mark all of your emergency supplies and make sure they are portable and ready to go for anyone in your household who needs to use them.

The following tips for emergency supplies storage ideas should help you get it all under control. First let’s consider your trauma kits and first aid kits. Hopefully when you purchased them they came with a case or backpack style container to hold all of the various bandages and creams and splints and other supplies. However, if you purchased your medical supplies separately, it is important that you purchase a case to hold them all in one central, easy to find location.

Backpacks and plastic art supply cases are perfect for holding all of your first aid needs. Remember to label your supplies so there is no confusion when they are needed. You may want to consider a heavy duty rubber 55 gallon tote on wheels as the ideal emergency supplies storage ideas. Use backpacks and duffle style roll bags to parcel out supplies by category. Another good idea is use a five gallon bucket with a lid.

First aid supplies, sleeping linens, heat generating equipment and emergency shelter rations should all be separate and labeled and marked. You want to be able to open the lid to a bucket or drum and grab the kit you need for the specific emergency at hand. Purchase the right storage system and this will be easily accomplished. It is frustrating when you need something and cannot find it.

Now let’s drop an emergency like a natural disaster on you and you’re hunting for flashlights in the dark. This is not an ideal scenario, especially when you’ve spent so much time and effort planning out your emergency supplies. Take a little bit more time for planning your emergency supplies storage ideas and when it comes time to use those supplies, they’ll be easy to find, readily available and you will breathe a huge sigh of relief. Being prepared, and ready for all types of emergencies, is always the best situation.

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Podiatry Supplies are not a Secret! Take Advantage of Them Today.

Wednesday, July 22nd, 2009

Every year, thousands of patients have to see a podiatry specialist in order to get treatment for one of their lower body ailments. Podiatry specialists work within the field of the lower body in medicine. They work on feet, ankles, legs, knees, and thighs respectively. If you’ve ever had a problem with any of these body parts, you’ve most likely seen a podiatry specialist. Most people on the planet experience some type of foot or other lower body problem before they die and have to see a podiatry specialist.Podiatry specialists are like any other kind of doctor and need to be registered with the State and attend a number of years at college and medical school to be able to practice within the United States of America. Once a podiatry specialist gets his Bachelor of Science degree (after completing 3 or more years at a college or University), he can then register with the State and offer his services to the public. Podiatry specialists are also trained in how to use podiatry supplies, since these supplies can affect every day people like you and me.Podiatry supplies come in many different shapes and forms. Some people don’t even need to go to a podiatry specialist to buy these things (they can get them at a medical supply company). One of these things you’ve probably seen in your every day life – a toenail clipper. Toenail clippers are considered podiatry supplies because they make your nails healthier and cleaner. Toenail files have been used by many podiatrists to get rid of excess toenails and prevent the patient from hurting themselves by developing hangnails and other painful toe-related problems.Other podiatry supplies relate to lower body cleanliness. Certain podiatry specialists will use vacuum cleaners to clean nasty foot debris that falls from them working on a patient’s foot when a patient has corns, or frost bite for example. Another way podiatry specialists clean their patient’s lower body is by using a callus plane. Callus planes remove dead, flaky skin from the foot in very thin layers. This gives the foot a cleaner and healthier feel, and can prepare it for further work that needs to be done.Podiatry specialists definitely have their place in society, and we would be a very primitive civilization if we were not able to reap the benefits and rewards that podiatry supplies offer the common man. With no effort at all we can go to Wal-Mart, get podiatry supplies, and be on our way home again. If you have a lower body problem and a podiatrist helps fix it, be sure to thank him or her for their excellent service to humankind.

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