Bundled payment initiative to lower healthcare costs, help coordinate care

A new program to aid and improve patient care while patients are in the hospital and after they are discharged has been announced by the U.S. department of Health and Human Services (HHS). These initiatives will also motivate doctors, nurses and specialist to perform coordinated care and hence reduce cost. Till date, hospitals, physicians, and […]

Physicians hit by higher operating losses in Group Practices

2010 has seen an increase in physicians’ compensation across specialties, even as most medical groups have been operating at significant financial losses; in fact, the specialties have seen increases of 2.6% for Primary Care, 3.8% for surgical specialties, and 2.4% for other medical specialties. According to an AGMA survey of 49,700 US healthcare providers, group […]

Consequences of Non-Compliance with Federal Healthcare Reforms

As if the imminent repercussions of the Debt ceiling and Sustainable Growth Rate Problem are not enough, physicians across the United States are in for an additional dose of disciplining by the Federal Health body, in terms of penalties – both civil as well as criminal penalties – for either negligent or willful defiance of […]

Is ICD-10 Transition Feasible by October, 2013 Deadline?

As we stand at the mid of the intervening period, there is growing apprehension over achieving comprehensive realization of ICD-10 and other Compliance standard implementation by the October 1, 2013 deadline across the spectrum of healthcare stake-holding: health care providers, payers, software vendors, and clearinghouses/third-party billers. Browse All: ICD-10 Transition The CMS has drawn up […]

Impact of Baby-Boomers Coupled with the Health-Care Reforms

Baby boomers are usually believed to be people born during the post-World War II birth rate boom, lasting from 1946 through 1964. According to a survey conducted by the CDC (Center for disease control), many elderly people started flooding doctors’ offices even ten years ago in 2001. Now since the latest health care reforms would […]

U.S. Health Spending Projected To Grow at 5.8 Percent Annually: Pros and Cons

The recent extrapolation by the economists in the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) – which has projected all health care spending in the United States to be at an annual average rate of 5.8% for the period 2010 through 2020, and at 19.8 percent of GDP by […]

Delivering Quality Service to Patients at Lesser Costs

The reforms in the health care sector would essentially mean that physicians have to deliver quality service at lower costs. This is inevitable since doctors and hospitals can be penalized for negligence if they end up giving the wrong treatment due to increased work pressure and in order to meet the break-even point. As 45 […]

Better Revenue Cycle Management For Physicians with Skilled Billers and Coders

Accurate revenue cycle management means you get paid in a timely manner and that the accounts receivable balance is zero when the cycle is complete. However, this type of management could become cumbersome for physicians, as it is not their primary occupation, and the recent health care reforms would mean more patients and greater work […]

Improving Quality and Revenue in Face of Healthcare Reforms

The recent healthcare reforms proposed by the white house may affect the revenue as well as the quality of the service provided by physicians in the United States. According to a recent survey by Thomson Reuters, almost two-third of doctors in the US fear that health care reforms proposed by Mr. Obama might flood their […]

How to Get Medical Billing Specialists for Free

Nowadays, with the increase in demand for medical billing services many people are entering the medical billing and coding business to offer their services and seek a rewarding career in healthcare. But not every biller is right for your practice, the job of finding the right medical biller for practices can be a difficult task […]

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