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For community hospitals, resolving payment confusion requires patient-friendly solutions. Enhancing patient financial education with digital payment tools could improve consumer engagement and increase cash recovery. #Healthcare #PatientCare #DigitalHealth #Finance #Innovation #Technology

Financial caregivers play an important role in safe banking for seniors, ensuring their loved one’s finances are managed wisely to maintain the best quality of life possible. Check out these great tips to learn more about being a financial caregiver. #opportunitiescu #opportunitiescreditunion #burlingtonvt #winooskivt #safebankingforseniors #financialcaregivers #elderlyscams #scamprevention

Check out my new blog on the 80/20 rule finalization and potential impact on your business. Curious about your exit options as a business owner? Connect with me today - we have buyers that are interested in your business!

For community hospitals, strengthening patient financial education with the help of digital payment tools could be key to consumer engagement and cash recovery, says Pete Heydt of PatientPay, Inc. Find practical approaches in this article for MedCity News. #healthcare #hospitals #revenuecycle #finance #payment #digital

As of January 1, 2024, Medi-Cal no longer factors in assets such as bank accounts, cash, second vehicles, and homes when determining eligibility. This monumental shift holds particularly promising news for those in the Long-Term Care Medi-Cal program, especially those residing in skilled nursing facilities. The old myth that “you could only have $2,000.00 in your name” has now been relegated to history. Read more: https://lnkd.in/gF8ZZuQz #longtermcare #estateplanninglaw #elderlaw #elderlawattorney #estateplanning

🌟 What Exactly is a Financial Caregiver? 🌟 In our ever-evolving financial landscape, one role that is gaining importance but is often overlooked is that of a Financial Caregiver. But what does this term actually mean, and why should you know about it? A Financial Caregiver is someone who assists another individual in managing their financial affairs. This could be due to age, health issues, or other circumstances that prevent them from handling their finances independently. Responsibilities may include budgeting, managing assets and investments, paying bills, and ensuring financial security for the future. 🔍 **Why is this role crucial?** As populations age and financial systems become more complex, the need for trustworthy and knowledgeable Financial Caregivers is increasing. Ensuring financial health is as critical as physical health, particularly for those who may not be able to manage it themselves due to cognitive or physical challenges. 🛡️ **Who can be a Financial Caregiver?** Literally anyone! From a family member or friend to a professional advisor or legal representative. The key is trust, transparency, and proficiency in managing financial matters. 💡 **Why should you care?** Understanding the role of a Financial Caregiver can prepare you to either take on this responsibility for someone you love or choose the right person to manage your affairs should the need arise. It’s about planning ahead and ensuring peace of mind regarding financial health and well-being. #FinancialCaregiving #FinancialHealth #EstatePlanning #FinancialLiteracy #FamilyFinance 

Navigating the complexities of caring for aging parents? Our guide provides vital insights for 2023. Key areas include managing cash flow, living arrangements, and estate planning. We address healthcare planning, insurance policies, tax implications, and asset management. It's crucial to understand the legal and financial aspects, from powers of attorney to long-term care considerations. Also, we highlight the importance of digital asset management and state-specific issues. This resource empowers you to make informed decisions, ensuring the well-being and financial security of your aging parents. Let's approach this sensitive journey with knowledge and compassion. #ElderCare #FinancialPlanning #FamilyWealthManagement👴📑🛡️ https://bit.ly/3S756vA

🔍 Know Your Numbers: The Key to Homecare Business Success! 💼 As a homecare business owner, the success of your business greatly depends on knowing how much to pay your caregivers and how much to bill your clients. 🏠💉 It's essential to understand: 💰 Revenue per Caregiver 💸 Expense per Caregiver 📈 Profit per Caregiver ASK YOURSELF Do you get this level of detail from your financial reports? Do you know if you pay your caregivers fairly? Do you know how much you can afford to pay your caregivers? Do you know if you're charging your clients a fair rate? Mastering these metrics will help you determine if you're within the target range for your business to succeed and grow. 📊✨ Understanding your finances ensures you're on the right path, providing quality care while achieving sustainable growth. 💼🌟 #HomecareBusiness #CaregiverPay #BillingClients #BusinessSuccess #KnowYourNumbers #HealthcareEntrepreneur #BusinessGrowth #FinancialManagement #ElveyFinancialServices For more tips and advice click link in Bio 🌐 https://lnkd.in/ebJtTXRV 📞 Call for More Information: +508-561-7141 📧 Email for More information: Info@elveyfinancialservices.com

🌿 The Vital Role of a Financial Caregiver in the Life of an Aging Family Member 🌿 As our loved ones age, their needs evolve, and one critical aspect that often requires attention is their financial well-being. Being a financial caregiver is more than just managing money – it’s about safeguarding their security and dignity, ensuring their latter years are filled with comfort and peace. 🔑 **What is a Financial Caregiver?** A financial caregiver steps in to assist with various financial responsibilities that an aging family member may no longer be able to handle independently. This includes managing daily expenses, paying bills, overseeing investments, and ensuring all financial matters are in order. But it goes beyond the mechanics of money management. 💡 **Key Responsibilities** 1. Budget Management: Developing and maintaining a budget to ensure all expenses are covered without compromising on quality of life. 2. Bill Payments: Ensuring timely payments of all bills to avoid late fees and service disruptions. 3. Investment Oversight: Monitoring investments and savings to ensure they continue to grow and support future needs. 4. Financial Planning: Working with financial advisors and planners to ensure a comprehensive financial strategy is in place. 5. Fraud Prevention: Protecting your loved one from financial scams and frauds, which unfortunately target the elderly disproportionately. 🌟 **Why It Matters** Be it a family member or a financial professional, taking on this role is not just a financial duty but a profound act of love and respect. By managing these responsibilities, you’re allowing your family members to focus on enjoying their life without the stress of financial uncertainties. The proper support can help them maintain their independence and dignity, knowing they have someone they trust looking out for their best interests. 📘 **Educate Yourself** If you’re considering hiring a professional or becoming the financial caregiver yourself, get equipped with the necessary knowledge and tools to navigate the path successfully. There are resources and professionals out there who can guide you through this journey. Organizations like AARP offer valuable insights and support for caregivers. #FinancialCaregiving #ElderCare #FinancialWellBeing #AgingParents #CaregivingJourney #FinancialSecurity

At Capio, our priority is helping patients and consumers achieve financial wellness, and we understand the importance of positive credit profiles in that journey. Other industries are already working to offer #positivereporting options to help consumers improve their credit scores based on timely payments. A 2022 Fannie Mae pilot program that tested the impacts of positive reporting for on-time rent payments resulted in more than half of the participants increasing their credit scores.   We believe consumers and patients could benefit from a similar model of #positivereporting on medical debt payments. This would return power to consumers, allowing them to get credit for on-time debt repayment and take charge of their financial journey. https://lnkd.in/dYxTaQBC #MedicalDebtSolutions #Positivereporting