Rural hospitals are facing the burden of managing clinical as well as business side of their practice. Due to time constraint, rising number of patients and lack of experienced staff, handling basic operations has become a troublesome task. To make matters worse, rise in cost of care and decrease in reimbursement has increased challenges for […]
Is your practice ready for ICD-10? Resources are being developed by CMS to help healthcare industry implement ICD-10 but if your practice has not yet started prepping, transition to the new coding system will have a major impact on your reimbursement. With little less than a year left before the mandated shift, small or large […]
Pressure of ICD-10 implementation has eased with the deadline extension; however, anxiety of its impact continues to prevail among chiropractic practices. ICD-10 will affect coders as well as the entire operation, pushing practices to prepare for any loss in revenue. Transition to ICD-10 will increase the burden on financial, clinical and operational efficiency of chiropractors […]
Medical billing has become a challenging task for OB/GYN practices. Complexities have started taking a toll on revenue generation because multiple codes, rules and phases involved in OB/GYN practices are difficult to understand and handle amidst time constraint. Since providers cater to patients belonging to different medical, insurance and demographic specifics, special attention is required […]
2013 brought new changes to orthopedic billing and coding, making timely reimbursements even more daunting for physicians. At a time when reduction in fee schedules and Medicare cuts have affected the financial health of orthopedic practices, preparation for ICD-10, compliance to new technology and dealing with varied payer mix has increased billing challenges for them. […]
Healthcare reforms have not only increased workload but also forced physicians to concentrate on quality patient care. This leaves them with less or no time to handle the medical billing procedure. When compared to maintaining a regular in-house billing system, outsourcing is more beneficial in boosting efficiency and cash flow of medical practices. From increasing […]
In many ways, healthcare reforms have opened doors of opportunities for rural hospitals but the changes in healthcare system have also imposed certain challenges. Rural hospitals are not just facing pressure due to rise in cost of care but reduction in reimbursements has also increased their trouble. Challenges affecting rural hospitals: Payment from government is […]
Cases of HIPAA violation are rising and even if you are a small practice, you can get on the government’s radar if you fail to protect healthcare-related data. Patient-related information is traded by cardiologists for various purposes, including medical coding and billing and if your staff happens to misuse the data accidentally or intentionally, it […]
CMS 2013 fee schedule brought good news for family physicians and primary care providers but it has proved to be a mixed bag for cardiologists with 2 to 6% cut in Medicare fees. At a time when cardiology practices are already vulnerable, cuts in payment for vital cardiovascular services have affected their revenue cycle. Combined […]
When compared to traditional healthcare providers, chiropractors face more issues in terms of amount and type of documentation. While an average busy chiropractor continues to deal with constraints of managed care, uneven patient retention rates and increasing regulatory demands, documentation gets affected to a great extent. Generally, 18.9% of a typical chiropractor’s time is consumed […]
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