The medical field is rapidly evolving and subsequently has regular advances in medical billing and coding procedures. Even though your medical practice might be using the latest RCM and ICD codes it can be caught unawares of these changes. The relevant numerical code must be assigned to a specific procedure or treatment carried out enabling […]
Approximately 22% patients in a typical family medicine practice are Medicare beneficiaries. Due to this, a 10.6% cut in Medicare fees translates into a reduction of approximately 2.3% in practice income for family physicians. This is a significant reduction if we consider the margin at which many family practices are currently operating. In case private […]
Planning to take a vacation? You can certainly bring a temporary physician to cover for you while you are on a holiday but what about reimbursements? Regardless of your plans, if your staffing and reimbursement strategies are not in place, you might miss out on revenue for every day that you are not present at […]
The past decade has seen every major industry being computerized, including the medical industry and hospitals – which have moved on from hand written prescriptions to Electronic health record (EHR). According to various studies EHR implementation provides several benefits including improvement in the process of clinical care and overall patient experience. Along with it, EHR […]
The importance of timely claims submission is not lost on physicians or their staff and is an integral part of the revenue cycle management (RCM). The dynamic nature of the health industry and the reforms has further exacerbated the already volatile situation when it comes to claim submission, denials, and re-submissions. There are numerous factors […]
The health reforms have not only affected the way in which healthcare is delivered but also the way in which information is shared among various professionals and entities in the health industry. Health Insurance Portability and Accountability Act (HIPAA) regulations have become more stringent for physicians, and patient privacy is one of the issues that […]
Enforcement of HIPAA 5010 transactions on March 15, 2012, was delayed for the second time for another 3 months by the government, with the Centers for Medicare & Medicaid Services’ Office of E-Health Standards and Services (OESS) pushing the date further to June 30, 2012, in order to not compromise physician cash flow. Physicians have […]
EHR adoption rates in the United States are definitely increasing, and this fact is corroborated by a report released by the CDC (Centers for Disease Control and Prevention), which states that “American Hospital Association’s Survey of IT adoption, 15.1 percent of acute care non-federal hospitals have adopted at least a “basic” EHR. Moreover, according to […]
The physician-patient relationship is one of the most important aspects of the health industry and contemporary medicine. There have been numerous changes and tremendous advances in the way health care is delivered to people. However, the importance of the relationship between providers and patients has not diminished or faded in any manner. In fact, the […]
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