Medical billing and coding is complicated and not an easy straightforward process. The multitude of rules and regulations, the introduction of the Affordable care Act (ACA) or popularly called as Obamacare, and the present switch from ICD-9 to ICD-10 coding system, has only added to the complications to medical billing and coding. It takes awareness, […]
Smartphones have had a radical impact on our lives in many ways today. Be it the convenience of banking while on the go or shopping from the comfort of our homes, the Smartphone has become a part of our daily life. With innovations in digital technology, the ubiquitous Smartphone is set to make its impact […]
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 […]
Time and again, the implementation of Information Technology (IT) systems in several industries have been known to increase efficiency, quality and cost-effectiveness. The same principles apply for the US healthcare industry too. However, most healthcare providers are slow in implementing IT systems due to high costs, lack of technical know-how/system usability, or due to the […]
Hospitals are big centers where paper-based prescriptions are largely used and where a lot of time is spent on resolving issues with the pharmacies regarding errors in handwritten prescriptions. E-prescribing is the electronic method of generation, transmission, and filling of a prescription, replacing paper prescriptions. Continuous efforts of the US towards enhancing the quality of […]
Excessive billing formalities, loopholes, and complexities in the system lead to inaccuracies in the billing processes. The rules and regulations often make it challenging and complicated to catch fraud and abuse hence it necessary to know Fraud and Abuse found in Medical Billing. Fraud includes false claims, claims for services not provided, or misleading duration […]
The ICD-10 coding system, since its inception, October 2015, has so far unfolded without a hitch. Although, frustration levels were high during the initial days, yet those practitioners who had already laid the ground, slipped into a comfort zone for the medical coding and billing practices, by the month end. ICD-10, a boon or a curse, […]
In the challenging landscape of healthcare finance, mitigating Denials in ASC Billing is paramount to maintaining a steady revenue stream. If the ASC is losing out on their revenue due to coding, collection, and billing blips some serious measures need to be taken to arrest them. As for any practice, efficient billing and collections are […]
It has been observed, that since 2008 and after the Affordable Care Act (ACA) has come into being, there has been a major doubling of patients with high deductibles plans. People often have picked a high deductible plan because it has a lower premium and out-of-pocket expenses are lower and can fit into their budget. […]
Thanksgiving is a time for a celebration, a time when the entire family comes together and feasts. This is also a time for a lot of mishaps that could happen at different places. These could make way to your clinic and the subsequent step would be an ICD-10 diagnosis. Following are some of the ICD-10 […]
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