As we move to a close of 2015, the healthcare Industry has seen a lot of ups and down, and changes that although seemed to threaten disruption, but have created just minor ripples. Here is a fleeting glance at the industry CMS & Reporting requirements In January 2015, Medicare announced that it would ramp up […]
Critical patient care has been backed by pushing through the Value based performance payment model along with a few other subsidiary payment models that tie into it. But given the number of footfalls, with the Affordable Care Act (ACA), which has made it mandatory that every American needs to have insurance to avail of healthcare, […]
The administrative costs in US healthcare sector consumed approximately $156 billion in 2007. This spending is projected to reach $315 billion by 2018. Recently, a study published in Health Affairs compared hospital administrative costs of eight nations. According to the study, the US hospital administrative costs were the highest, consuming 25.3% of hospital budgets in […]
Improving patient care and reducing healthcare costs will continue to be the top two challenges for the US healthcare industry in 2015. However, providers need to be prepared for various other regulatory changes this year that might prove challenging for the financial health of their practices. Here are the top five healthcare changes that providers […]
Rising healthcare costs and declining Medicare payments and are two key business challenges being faced by orthopedic practices. Due to the drastic impending cuts in professional fees, providers are finding it difficult to run their business smoothly. Many physicians have already left the Medicare program as they are unable to stay afloat in the current […]
The CMS physician fee schedule of 2014 and Medicare modalities have brought in an era of financial stress and reduced pay-outs for medical practitioners. Physicians are reluctantly admitting and accepting the payment cuts given their prior commitments for certain processes. Medicare on the whole has announced 2-6% of cut in various reimbursement ratios. Browse All […]
Hospitals are facing challenges due to Medicare cuts and funding changes. As the Affordable Care Act will settle into place in 2014, small rural hospitals will have to face various concerns such as, significant Medicare payment reductions and new payment requirements for patient care. Browse all : Hospital Billing Medical Billing Services Medicare payments cover […]
Dental medicine is often seen as a highly profitable healthcare stream with guaranteed long term returns. However, what most people fail to understand is the amount of complex planning and execution that goes into acquiring and maintaining that sustained level of profitability. Dental reimbursement rates are generally poorer than medical reimbursement rates. Given that, ensuring […]
If we consider the budgetary formula enacted in 1997 by the Congress, Medicare reimbursements might get reduced by 25% by 2014. A large number of doctors are already refusing to see Medicare patients due to low payment and with this further reduction, more doctors might refuse to accept Medicare patients. It has been estimated that […]
Challenges faced by physicians accepting Medicare patients: Medicare enrollment process is one of the main challenges faced by physicians. Due to various problems found in the enrollment process over past years, Medicare billing has become daunting for providers. Increased paperwork and low reimbursement rates are also some of the hassles due to which many doctors […]
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