Electronic Health Records (EHR) or Electronic Medical Records (EMR) is a group of applications designed to enhance the efficiency and productivity of medical record keeping. With increasing complexity in coding and billing process as well as introduction of ICD-10 codes with 124,000 more coding options that the previously used ICD-9 codes, digital data recording has […]
Optometry services have seen an increasing growth in present day healthcare industry. With healthcare reforms now allowing optometry practitioners to prescribe medications and perform minor procedures, people prefer to visit an Optometry clinic with minor eye-care troubles instead of booking an appointment with an Ophthalmologist. However, with increasing patient inflow and variety of services getting […]
Revenue management or revenue cycle management is increasingly becoming one of the most vital functions in healthcare industry. For any care provider to stay financially viable, proper planning and management of revenue sources is absolutely essential. In an alternative medicine field like Chiropractic, revenue management underlines the short term and long term operations of the […]
Gastroenterology is a focused and specialized area of medical care that has been gaining prominence over the past few years. With unprecedented population growth and dramatic changes in lifestyle, Gastroenterology has seen a steady rise in patient inflow. In addition to that, groundbreaking advancements in medical equipments and techniques have broadened the scope of gastroenterology. […]
Chiropractic as an alternate field of medicine has always suffered the problems of effective billing and revenue management due to lack of priority given to it as a non primary care practice. However, with recent healthcare reforms bringing change in the way Chiropractic is seen in medical circles, an over hauling of revenue models of […]
Dental medicine has been suffering from the far reaching effects of the economic meltdown. Dental benefits are the first ones to be revoked by employers and people refrain from buying dental insurance at the time of financial crisis. Even though more than 55% of the U.S. population is enrolled for some kind of dental benefit […]
Small medical practices will be facing tremendous pressure once ICD-10 is implemented. Due to lack of sufficient budget and skilled billers and coders, diffusing the burden of a new coding system will certainly make things difficult for them. Why small practices will be worst hit? It is being anticipated that the transition to ICD-10 will […]
Coding and billing are complex tasks for optometrists due to the difficulties in meeting different levels of office visit, pressure of accurate documentation and lack of coding and billing experts. Time constraint makes it difficult for providers to handle the insurance reimbursement system due to which they don’t get paid for the services offered. Trying […]
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 […]
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