Page 30 - Cannabis News Florida July 2021

How Providers Can

Overcome Cash Shortages When it comes to ultrasound systems

Mirza HealthCare Law Partners – The Machine Makes

Strategic Partners for Healthcare Collection ƋĘå %ĜýåųåĹÏå

and Reimbursement Recovery

BY DANIEL CASCIATO made by providers. In this
era of healthcare, this is a
With rising inflation and growing and complex
a shortage of cash, health- problem. The economic
care providers are looking motives are plain to see,
for means of improving and most providers feel
cashflow. The obvious but their arms are tied.
often missed monies are According to Mirza, he
sitting on their books in has a rare and intense skill
accounts receivables— set to pursue the monies
monies that health plans owed to providers. He is
and payors have not paid, not only a healthcare
but the providers are enti- attorney but has also been
tled to. Ben Assad Mirza a business litigator for
“Healthcare providers more than 15 years out of
are not collection agencies. The health his 20-year law career. He was formerly a
plans and similar payors take advantage Certified Public Accountant (CPA) and a
of this,” says Ben Assad Mirza, founder of Certified Healthcare Compliance (CHC)
Mirza HealthCare Law Partners. “They officer. With a Masters of Public Health
either negligently or intentionally do not Administration from Yale, Mirza says
pay. The economics of selfishness behind that he is, by far, one of the most
health plan’s inaction are in plain view. provider centric-population health advo-
The COVID-19 virus has led to a cates in healthcare.
‘Receivables 2020 Virus’ and further Mirza Healthcare Law Partners sup-
exacerbated an already tight financial sit- ports healthcare providers by helping
uation for most providers.” them recover the cash that is sitting on
Finance and revenue cycle manage- their books and accounts receivables. The Latest Siemens Healthineers
ment departments are not setup to per- The firm charges fees as a percentage of
sistently and consistently pursue claims recovery, and only if the provider gets ACUSON Sequoia Ultrasound System,
against payors till their equitable and paid. Clients have nothing to lose, only now available in Florida
final determination. to gain what they are rightfully owed.
“We work with the finance and revenue The ability for a healthcare organiza- exclusively from Med-Lab.
cycle management department to help tion to maximize its collections and prof-
bring in those receivables,” adds Mirza. itability is vital for its survival. Having an
Healthcare payors often short efficient Accounts Receivables process in
providers’ billing based on contractual place is integral to the financial health of eŸ ± ŸŅĹŅčų±ŞĘåųØ ƼŅƚų ĵ±ÏĘĜĹå ĜŸ ƼŅƚų ĜĹŸƋųƚĵåĹƋţ
issues, improper reimbursements stan- a medical practice or healthcare organi-
dards set by the payors, including failure zation. ¥Ņƚűƴå ĵ±ŸƋåųåÚ ĜƋŸ ŧƚĜųĩŸţ ¥Ņƚ ĩĹŅƵ ĘŅƵ ƋŅ ĵ±ĩå ĜƋ ŸĜĹčţ
to pay for services rendered, improper ƚƋ ±Ƌ ± ÏåųƋ±ĜĹ ŞŅĜĹƋØ ƋĘå ŅĹĬƼ Ƶ±Ƽ ƋŅ ŞƚŸĘ ƼŅƚų
rates, improper deductions, slow pay- For more information, visit
ment processing, or an outright failure to www.MirzaHealthLaw.com. ŞåųüŅųĵ±ĹÏå üƚųƋĘåų ĜŸ ƋŅ ±ÚŅŞƋ ± ĵŅųå ±Úƴ±ĹÏåÚ
respond to the request for payments
ĜĹŸƋųƚĵåĹƋţ ‰Ę±ƋűŸ ƵĘåųå aåÚěX±Æ ÏŅĵåŸ ĜĹţ
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