A physician takes all the necessary measures to treat his patient, but are the rewards received easily? The answer to this question would be a NO. In the current healthcare scenario a physician has to face various challenges to claim his allowable amount from diverse payers depending on their varied policies. Additionally insurers have a […]
Medical Practices lose approximately 20-30% of their income due to errors made by the internal billing department, as deduced from various studies. If your billing functions including coding, denial follow ups, collection of patient receivables, staffing and accurate charge entries are not done properly, you will end up losing thousands of dollars on a yearly […]
Despite the delay in implementation of 26.5 percent cut in Medicare family practitioners payment, AAFP continues to call on Congress for a repeal of the sustainable growth rate (SGR) formula. This is understandable because the deferment means a temporal relief for family practitioners and if SGR is around, given that it assesses growth solely from […]
A truly successful medical practice in today’s evolving healthcare industry is one that has its goals aligned with its medical billing goals. To a physician, however, it may seem like yet another time consuming task, but well determined objectives of a medical practice, if successfully translated into billing and coding practices can result in enhanced […]
With ever changing healthcare regulations and evolving high tech healthcare industry, the profitability of your practice can vary dramatically based on how attentive you are to your medical billing reports. Medical billing involves payment for your services by the patient or reimbursement by claim carriers like insurance companies, Medicare, Medicaid, etc. The entire process of […]
The healthcare reforms brought by the Obama administration have in many ways been an industry-churning affair. They have changed the number of patients the healthcare centers receive today, affected the administrative activities that revolve around a typical treatment episode, shifted the professional location of several medical practitioners (independent physicians aligning with hospitals) etc. These changes […]
Affordable Care Act, along with a few other pro-beneficiary health care policies, may have helped rationalize cost of health care as well as cost of health care insurance across the broad spectrum – Medicare, Medicaid, and a variety of private insurance plans offered across the U.S. Beneficiaries could even benefit from lesser co-payment obligations and […]
When The Department of Health and Human Services’ drew out a time table for ICD-10 transition, all the stakeholders including the providers felt the time-frame was sufficient to migrate comprehensively to ICD-10 compliant clinical and operational practices. But that has not been the case – in view of woefully slow pace of transition across the […]
Thoracic surgical specialty is one of those priority specialties that have always been in high demand across the 50 states in the U.S., and the forecast is for an increased incidence of thoracic surgical cases. While practitioners in thoracic surgical specialty may continue to be optimistic about their future practice, constant clinical innovations and complexity […]
The year 2013 is going to be quite significant to the U.S. health care industry in general and doctors in particular – it is the year when a host of health care reforms will be set in motion, and many clinical and operational experiments will get crystallized into norms to be complied with by the […]
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