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Medical Billing Services
How to keep your independent practice strong during COVID-19?
The economic fallout of COVID-19 may accelerate acquisitions of independent practices unless practice leaders consider new, but not necessarily novel, ways of doing business. “The jury is out, but COVID is probably going to exacerbate larger systems buying up independent practices because a lot of folks just aren’t going to…
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Medical Billing Services
Strategies to Advance Value-Based Care
Health insurers are struggling to get success in a value-based care reimbursement model. This may benefit from population health management, patient engagement, and healthcare delivery reform. When payers started to transition to value-based care reimbursement from the traditional fee-for-service payment system, some healthcare executives and financial experts might find that…
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Medical Billing Services
The Evolution of Interoperability in Healthcare
The evolution of technology has helped it maintain and simplify interoperability and patient data sharing over the last 40 years. The increased number of multiple, implemented IT systems since the early nineties has created an urgent requirement for interoperability in healthcare to help manage the increasing needs of patients. Below…
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Medical Billing Services
Optimize Patient Payment Collections during Pandemic
Improving your patient payment collection during a pandemic should be your top priority in your financial plan this year. You may think why to focus on patient collection, because with half of the employers pushing high deductibles plans onto workers. Patients are facing bigger medical bills, one they never prepared…
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Medical Billing Services
The BPCI Advanced Clinical Episodes, Prices
CMS is going to make key changes to Bundled Payments for Care Improvement (BPCI) Advanced next year to stop the model from generating financial losses of close to $2 billion over the model’s ten performance periods. Model year 4 will begin on Jan 1, 2021. CMS’s Innovation Center will modify…
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Medical Billing Services
COVID-19 – CPT code 99072
New CPT code 99072 was established to report additional practice expenses incurred during COVID-19, including supplies and additional clinical staff time. New code 99072 represents a new practice expense code specifically intended for use during a declared PHE as defined by law, due to respiratory-transmitted infectious disease. It accounts for…
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Medical Billing Services
Post Pandemic: Will Telehealth Reimbursement limited for Value-Based Providers?
The Medicare Payment Advisory Commission (MedPAC) is the latest group to evaluate telehealth reimbursement expansions post COVID-19 pandemic. In a meeting held virtually in the start of September 2020, MedPAC analysts Ariel Winter and Ledia Tabor shared some policy ideas for keeping telehealth coverage and reimbursement expansions post the pandemic…
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