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Wednesday December 3, 2014
How will 2015 CPT Code Changes Affect your Practice?
American Medical Association (AMA) released the 2015 CPT code changes on August 28, 2014. Approximately 500 coding changes will go into effect from January 01, 2015. Physicians as well as qualified healthcare professionals will need experienced coders to understand these changes and assign proper codes for timely reimbursements.
Industry Facts:
  • Practices lose a large amount of collection dollars due to assigning incorrect CPT codes
  • Effective use of EHR can help avoid down-coding as the health record system will recommend certain CPT codes based on what occurred during the patient visit

What Physicians need to Do?

With less than a month left for the implementation of CPT codes, it has become necessary for practices to interpret each change and understand how it will impact their coding.

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MU Attestation Deadline Extended - How can Providers Prepare for Incentives?
The CMS has extended Meaningful Use attestation deadline for eligible hospitals (EHs) and Critical Assess Hospitals (CAHs). The reporting period has been extended from November 30, to December 31, 2014. This will give them more time to submit MU attestation data, receive incentive payments and avoid 2016 Medicare payment adjustments.
Industry Facts:
  • According to the CMS, providers have been paid more than $24.8 billion as incentive payments under the Meaningful Use program
  • As of July 2014 merely 3,152 eligible professionals and 143 eligible hospitals attested to Stage 2 and only 795 eligible professionals and six eligible hospitals received payments for attestation Read More...
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