States are starting to release restrictions on elective surgeries for hospitals. Across the U.S. hospitals have begun to plan when and how they will resume elective procedures. Many states from the U.S., including Georgia, Florida, and Oregon, have already released restrictions on nonessential medical procedures. As soon as the number of confirmed Coronavirus patient rise, […]
Patients face significant financial side impact from their care when their out-of-pocket cost is high. To release the financial burden of patients, providers have to keep proactive communication and engagement with patients. Out-of-pocket costs such as high-deductible health plans have expanded over the past 10 years. In CY 2018, almost 29% of patients with private […]
Overview of Coverage Requirements The coverage of chiropractic services is precisely limited to treatment by means of manual manipulation (i.e., by use of the hands) of the spine to correct a subluxation. Subluxation is defined as a motion segment in which alignment, movement integrity, and/or physiological function of the spine are altered, although contact between […]
Before the coronavirus pandemic outbreak, telehealth was a part of the standard delivery of care in the U.S. but used very rarely. By end of April 2020, telehealth visits had hit the roof to nearly one million visits per week. Many patients and providers have found that they appreciate the conveniences of virtual healthcare and […]
Due to a surge in patients due to COVID-19, billing for telemedicine can be complicated. Telemedicine is changing almost every day due to the coronavirus pandemic, which makes your team hard to keep up to date with policies. Though CMS has already issued guidelines for telemedicine, they are still getting new updates from authorities to […]
The economic fallout of COVID-19 may accelerate acquisitions of independent practices unless practice leaders consider new, but not necessarily novel, ways of doing business. “The jury is out, but COVID is probably going to exacerbate larger systems buying up independent practices because a lot of folks just aren’t going to be able to weather the […]
The evolution of technology has helped it maintain and simplify interoperability and patient data sharing over the last 40 years. The increased number of multiple, implemented IT systems since the early nineties has created an urgent requirement for interoperability in healthcare to help manage the increasing needs of patients. Below are some key drivers for […]
Improving your patient payment collection during a pandemic should be your top priority in your financial plan this year. You may think why to focus on patient collection, because with half of the employers pushing high deductibles plans onto workers. Patients are facing bigger medical bills, one they never prepared to pay. If patients deny […]
CMS is going to make key changes to Bundled Payments for Care Improvement (BPCI) Advanced next year to stop the model from generating financial losses of close to $2 billion over the model’s ten performance periods. Model year 4 will begin on Jan 1, 2021. CMS’s Innovation Center will modify target pricing calculations using an […]
New COVID-19 – CPT code 99072 was established to report additional practice expenses incurred during COVID-19, including supplies and additional clinical staff time. New code 99072 represents a new practice expense code specifically intended for use during a declared PHE as defined by law, due to respiratory-transmitted infectious disease. It accounts for additional supplies, materials, […]
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