Every healthcare provider has to apply for initial medical credentialing and must get re-credentialed after every 2-3 years. It’s a tedious and time-consuming task, but a necessary one, as it’s required before a healthcare organization or practice can bill on your behalf. The complete medical credentialing process can take up to 3-4 months to complete […]
On 10th Nov 2020, the American Medical Association (AMA) published an update to the Current Procedural Terminology (CPT®) code set that includes new vaccine-specific codes to report immunizations for the novel coronavirus (SARS-CoV-2). The CPT editorial panel has approved a unique CPT code for each of two coronavirus vaccines as well as administration codes unique […]
A way to measure efficiency is how you can define productivity classically. Productivity is how to measure the output that comes from units of input if we put it in an economic context. Workplace productivity is an estimate of how efficiently organizations utilize their resources to accomplish business objectives. Improving productivity is important because increasing […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program (PPP) and Health Care Enhancement Act, allocated funds to reimburse eligible healthcare providers for healthcare-related expenses or lost revenues attributable to the coronavirus. Health Resources and Services Administration (HRSA) distributes these funds through the CARES Act PRF program. According to the […]
Rapid Expansion of Telehealth According to the IHS Markit report, the number of patients using telehealth is expected to rise to more than ten million in 2020, up from less than 350,000 in 2013. With such exponential growth, practices providing physical therapy can no longer afford to ignore the opportunity telehealth provides. Telehealth allows physical […]
Thanksgiving is a federal holiday in the United States, celebrated on the fourth Thursday of November celebrating the harvest and other blessings of the past year. The word thanksgiving means giving of thanks to God, especially in a religious ceremony. Thanksgiving is that time of year when you have to be grateful for everything you […]
Every practice owner wants to submit clean claims to get paid fast and in a timely manner. But anyone who is involved in ophthalmology billing knows that it’s not that easy. Any small errors in billing can impact your revenue. Let’s talk about ophthalmology billing tips that will help you stay in compliance, and in […]
70% percent of consumers in a Pioneer Institute survey said they would like to know information on provider pricing, yet half of them said they were not aware of seeking the information despite healthcare price transparency laws. Many consumers living in a state with some of the most comprehensive healthcare price transparency laws have never […]
HIPAA The Health Insurance Portability and Accountability Act (HIPAA) includes provisions to maintain the privacy of protected health information (PHI). The HIPAA rules apply to covered entities, which include medical providers, employer health plans, and insurance companies that deal with patient data. In spite of the 2020 election, the second half of October 2020 has […]
THE current COVID-19 pandemic situation is creating uncertainty for health systems; this may appear to be taking hits on both the physician practice and hospital sides of their business. According to the latest National Hospital Flash Report from consulting firm Kaufman Hall, the median hospital operating margin index stands well below CY 2019 performance at […]
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