US will continue to be the largest market for health IT, due to incentives being given by the government for health IT purchases. According to a report from Global Industry Analysts, the global market for health IT products is forecasted to reach $66 billion by 2020. This increase will be mostly driven by the desire […]
Uncertainty over healthcare reforms, rising costs, and failing payer reimbursement are some of the factors due to which cardiologists are selling their private practice to hospitals. Extensive coverage of billing and coding for cardiology specialties like – General Clinical, Interventional, Nuclear Specialty, Heart Failure, Transplant, and surgery– has been pivotal. According to the US Physician […]
Significant cuts in reimbursement and rising costs of healthcare provision have posed grave challenges for cardiology practices across the US. Two proposed rules addressing Medicare payment and quality provisions for physicians and hospital outpatient services in 2014 released by CMS will have important ramifications on cardiology professionals. These rules have indicated more than 22% decrease […]
Cardiologists are rearing to undergo an overhaul of their medical billing and coding processes in 2014 with imminent coding and regular changes around the corner. While some changes will be welcome, some may be a herculean task to absorb in the current billing processes. However, with effective use of Electronic Medical Records (EMR) and CPMS […]
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 […]
Billing and coding have become two very necessary processes for the revenue generation of physicians in America. Physicians and medical practices, thanks to the incredible amount of work pressure, have no time to undertake the billing and coding processes on their own. In such a situation, professional billing and coding companies are hired to do […]