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 […]
The Justifys for Medicare and Medicaid (CMS) is looking for around 850 volunteers to participate in the ICD-10 end-to-end testing in April 2015. The federal agency conducted a weeklong testing from November 17 to 21in 2014 with more than 500 healthcare providers, billing companies, clearinghouses and suppliers. Approximately 13,700 claims were submitted and the acceptance […]
The American Medical Association (AMA) has released a total of 542 CPT code changes under the CPT coding manuals for 2015. Fifteen new codes have been introduced under radiology billing in 2015, while 23 codes have been removed. The AMA has also revised four codes for radiology billing. These changes will majorly impact vascular and […]
Over one million adults across 36 states in the US enrolled for dental plans through the newly-established health insurance marketplace in 2014, according to a published report. The American Dental Association has estimated that more than 8.3 million adults nationwide could gain dental benefits through Medicaid expansion. However, the same report also stated that the […]
Obstetricians are specialist physicians in pregnancy and postpartum, gynecologists are the one who specializes in the female reproductive system. The health conditions that both these specialties deal with are diverse and diagnosing and treating them definitely involves a lot of detailing along with specificity. OB/GYN billers have to undergo a typical and frustrating medical billing […]
ICD-10 coding system has been developed by the World Health Organization to help providers improve the quality of care. Compliance to the new system will also help them reduce the cost of care, enhance administrative performance and get accurate payment for new procedures. Financial Benefits of ICD-10 ICD-10 medical coding will enable physicians to bill […]
Primary Care physicians (PCP) treat patients with all types of acute physical, mental, and chronic ailments and diseases. The patients form a wide range of patients; people of all demographics, socioeconomic groups, and so on. PCPs are thus expected to have thorough knowledge in multiple areas. The versatility of the physician ranges from seemingly simpler […]
Are your billers trained in collecting receivables? Does your practice collect insurance and patient balances efficiently? These are some of the important questions every physician should have an answer to. According to research conducted by the Medical Group Management Association, better performing practices generate more revenue, create operational efficiencies, ensure provider productivity and collect receivables […]
Technology is an important part for managing medical practices. The primary reason for dependency on technology is to carry out multiple tasks in the least possible time, automating some of the mundane tasks like appointment scheduling, initial stages of billing procedures, etc. Some medical specialties including urology opt for billing software for enhancing patient care. […]
According to Medscape revenue report, male neurologists were paid $227,000 in 2012 whereas the female neurologists earned $189,000 in 2012. The mean compensation for male neurologists was higher than the women neurologists in 2014. The female neurologists made considerably less money ($200,000) compared to their male counterparts ($226,000) in 2013 as well. Industry Facts According […]
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