What Is A Housing Loan EMI Calculator?

While it may look simple at the base formula level, home loan EMI calculations are in fact quite complicated. This is because borrowers will need to calculate their EMI again and again based on the loan variables that change with each factor and financial partner. Keeping this in mind, many leading housing finance companies offer online tools called home loan EMI calculators that help you to calculate and get a conservative estimate.

This online tool is a good way to familiarize you with the monthly payment requirements that go with a loan. It also comes as a welcome aid for people, who do not have any background in finance or commerce, primarily because it is user-friendly. Plugging in the gaps where the lack of finance education can hinder you, an ideal home loan EMI calculator in India can help you to research about several home loan possibilities to identify the most useful solution in terms of the tenure and EMIs. This tool is definitely recommended for all first time borrowers, who are looking at housing options in terms of locality, price and the EMIs that they can comfortably afford.

Different financial organizations offer their brand of home loan EMI calculators to choose from. While the basic agenda is to help borrowers to understand the potential EMIs, individual financial entities offer different insights into the loan. Some tools will allow you to consider the ratio of the principal amount to the interest. Others will help to demonstrate amortization schedule calculation i.e. a snapshot view of the whole period of the loan, showing the interest and principal amount paid over time. Whether you want to know the total interest paid or just the way in which your tenure, interest and amount affects the EMIs, the housing loan EMI calculator is the best tool to see that.

A perfect home loan calculator will also help you to gather insights that might help with your decision making. One of them could be the understanding that extending the tenure or loan term is a double-edged sword. While doing this will reduce your EMIs, you will end up paying much more interest than the principal amount. This tool will also help you to work out how a slight change in the interest rate can affect your total amount payable and EMIs. All these factors highlight just how important it is to thoroughly research all the possible home loans in India to settle on the lowest interest rate possible.

You should always be careful before making such a financial commitment, though. It is also not possible for most people to take into account the future expenses. It is advisable to ensure that the EMIs remain less than 30 percent of your monthly income. It is also important to understand that you can’t base your decisions just on a housing loan EMI calculator. That is because the numbers provided are just indicators and rough estimates. In addition to your own calculations, it is always wise to consult a financial expert to make the right choice while buying your dream home.

Why Accuracy Matters in Medical Coding

Coding inaccuracies lead to claim delays and denials, and compromised patient care. Some serious consequences include legal actions, lawsuits, penalties, hefty fines, and even imprisonment.

Let’s have a look at what medical coding is and why accuracy in it is important to the upkeep of hospitals and other medical offices.

What is Medical Coding?

Medical coding is a process of transforming important information related to the collection of payment from insurance providers, including healthcare diagnosis, procedures, treatments, medical services, medications, and equipment, into numeric or alphanumeric codes.

This information is taken from different sources like the transcription of practitioner’s notes, medical record documentation, electronic records, laboratory, and radiologic results, urinalysis, pathology as well as radiologic assessments etc.

All the standardized codes need to accurately correspond to each aspect of medical billing for accurate claim reimbursement.

Why Must Medical Coding Be Accurate?

Here are some of the important reasons why medical coding is important to be optimally accurate and compliant with current laws, regulations, and medical codes.

Ensures Accurate Reimbursement

Since healthcare providers are paid by insurance carriers for their services on the basis of standardized codes assigned to a patient’s diagnoses, treatment, and equipment, the claims should be coded with the highest degree of accuracy to accelerate the reimbursement process.

Accuracy in medical coding is immensely important to ensure that the claims are submitted accurately and practices are reimbursed timely and accurately.

Error-free and claims ensure quick reimbursement and reduce the likelihood of accounts receivable.

Coding inaccuracies can lead to erratic medical billing, which may not cause claim delays and denial, which, needless to mention, may result in delayed payments coming into your practice and adversely affect its financial health.

Ensures Safety of Patient’s Health

Accurate coding helps to prove the necessity of the treatment rendered to a patient. It helps the insurance providers determine what services was provided to a patient and what resources were used in the patient care.

The patient himself or the patient’s family may require access to this information at any time. Therefore, it is immensely important that it is absolutely accurate.

Inaccurate patient information can not only affect the quality and accuracy of current and future patient care but also prove detrimental to the health of the healthcare facility.

Helps Practices Forecast the Future

Compliance with coding protocols not only helps the medical practices ensure that the billing to the patients and insurance providers is accurate and but also helps them forecast the future.

Accurate billing helps the healthcare providers to analyze correct information on revenue, costs, claim denials, and enable them to and prepare themselves for any financial challenges in the future.

Proper billing also helps practices make an informed decision about other aspects of their business like staff recruitment and patient outreach.

Final Words:

No matter what the size and specialty of medical practice, coding is important on different levels to receive on-time payment and create a record of patient care history. Without accurate coding, the information could be extremely difficult to compile.

Coding can help healthcare providers track patient information in a simplified way.

It is important to make sure that each piece of your claim is optimally accurate for a smooth and seamless reimbursement.

In the nutshell, the success of a healthcare practice depends largely on accurate and timely coding and billing processes.

How to Achieve High Coding Accuracy at Your Practice?

Today’s medical coding and documentation have become more complex than ever and medical practices are in great need of handing over their medical billing to qualified coders who have knowledge and expertise to expertly handle coding procedures and understand various regulations of both public and private medical insurance plan policies.

To streamline their billing processes and catch up the sheer volume of coding required, many healthcare providers are outsourcing their medical billing and coding to third parties to achieve greater accuracy and compliance in their processes.

Outsourcing billing processes to a medical coding service also helps providers avoid the risks of non-compliance with billing and coding rules and regulations and therefore prevent costly consequences.

A medical coding services provider helps the healthcare providers improve their efficiency and compliance, by increasing their revenue, accelerating claim reimbursement and decreasing the number of denied claims, allowing the practitioners and their team to focus on the core aspects of patient care.

Make sure that the healthcare provider you choose to provide you with a gamut of coding services with a focused approach, customized to specialty and subspecialty and are tailored to optimize your revenue cycle.

If you already have an in-house billing team in your practice, you will need to make sure that it keeps up with evolving laws, regulations, and code to ensure optimum accuracy and compliance in your medical processes.

USA Medical Coding Experts

Precision7 Inc. is full-service medical billing and coding company helping practices across the United States for more than a decade. We specialize in all aspects of revenue cycle management, including claim follow-up, claim denial resolution, payment posting, appeal submission, bill adjustments, and collection management.

We have a team of AAPC-certified medical coders who have been extensively trained to code for ICD-10, CPT, HCPCS, and HEDIS. We ensure that our staff stay on top of the constantly changing regulatory environment and implement necessary changes on time to maintain compliance with current medical rules.

We assure highly-accurate and timely medical coding solutions to maximize your efficiency and accuracy and reduce denials and rejected claims.

Working with a professional billing company like us gives you peace of mind and reassurance that your medical coding is done to the highest quality standards and will boost your cash flow and revenue stream.

Natural Treatment For External And Internal Hemorrhoids That Is Effective

With the sedentary lifestyle and also due to many other external factors like fast food culture, many people these days have piles. Otherwise, called as hemorrhoids this condition is divided into two and they are internal and external hemorrhoids. The former is located inside the lining of the rectum and it is hard to diagnose this type of piles unless they prolapse and push through the opening of the anus, thereby causing itching sensation and pain. The latter is located beneath the skin on the outer aspect of the anus.

Some of the symptoms associated with external hemorrhoids are bleeding with bowel movement, fullness or a mass can be felt at the opening of the anus. There is another type called thrombosed external hemorrhoid and this happens when the blood within the blood vessels clot and this type can cause considerable pain and swelling. The natural treatment for external and internal hemorrhoids will help individuals with these problems to easily get out of the issue and its symptoms.

Pilesgon capsules: These capsules are a unique combination of proven and time-tested herbal ingredients that have gained an international reputation for providing excellent relief to both internal and external hemorrhoids. The effective ingredients in these capsules will help with relieving discomfort in passing stool, burning sensation and pain. The herbal ingredients are known to possess astringent properties and so they can tone the muscles to improve the elasticity of walls of the veins in hemorrhoids. In addition, the effective ingredients in these capsules will improve digestive functions and will reduce the tendency of constipation, which is the major cause of hemorrhoids in most people.

Pilesgon capsule is a natural treatment for external and internal hemorrhoids as it has intensively researched ingredients. In addition to treating these conditions, these capsules will also prevent further recurrence of piles. These capsules are non-prescription remedies without any artificial binders, fillers, colorants, chemicals and preservatives. It will help with shrinking masses of piles, repairing damaged tissues, relieving inflamed and painful bleeding, itching and burning sensation. Besides these things, these capsules will help with improving vascular circulation.

Ingredients:

1. Shudh Takan is an ayurvedic preparation from Borax. It is known to be effective in improving digestion power and it will relieve bloating as well. It is also effective in addressing skin infections and so it can quicken the process of healing of piles.

2. Khun shosha is added to the natural treatment for external and internal hemorrhoids because of its ability to cure intestinal disorders and ulcers. This ingredient is also known for its anticoagulant properties. This means that it will help with retarding the coagulation of blood, which is common in piles.

3. Indrajau is known to be effective in addressing diarrhea, which can worsen the pain associated with piles. It is also known to improve general health.

4 Ayapana is known to control clotting of blood and it can also provide relief for wounds. It is also known to address bleeding diarrhea.

This natural treatment for external and internal hemorrhoids called Pilesgon capsule contains many other ingredients to address piles and its symptoms.