The changing healthcare reforms have not only brought major upheaval in the medical financial area but also has caused some changes in the way physicians work too. Long clinic hours, trying to pay off education loans, home mortgages, car loans, vacation loans, tend to make most physicians a bit uptight and pushy, and often brusque […]
Since the Affordable Care Act has been effective, Jan 1, 2015, physician’s payments have been tied to providing higher-value care. Further, practices that cannot attest to meaningful use can face heavy penalties. So how does all this tie with effective practice management? What is involved in practice management? Will technology alone help boost efficiency? In […]
The far-reaching effects of ICD-10 will have to be understood by all in healthcare in order to deal with the impacts. The ICD-10 coding system that will kick in on October 01, 2015, is stated to be more comprehensive and much more advanced than its predecessor ICD-9. It is a known fact that Orthopedic and […]
As a physician, most days have their ups and downs. A physician’s profession is to help heal and work with the sick. However, besides working with patients they also have to deal with a lot of administrative processes. One of the major jobs is handling the medical billing and coding of a patient’s illness, which […]
Wound care centers can exist from small free-standing clinics to large hospital-based centers. However, so far, most wound care centers, have survived on their inpatient and common outpatient referral sources. But, with the introduction of new healthcare reforms of which the Affordable Care Act (ACA), popularly known as Obamacare is one which has brought a […]
With the Affordable Care Act come a slew of changes in the healthcare sector. Moreover the transition from ICD-9 to ICD-10 brings its own change that is leading to a whole lot of changes inside the medical portals. One of such reforms is the Value-based Payment system (VBP): paying physicians based on quality and efficiency […]
The family practice medical service is all-encompassing and involves more than one field of medicine. Ideally, medical billers who work for family practice need to have extensive knowledge of diagnosis and procedure codes commonly used by the physician. This ensures that patients and insurance companies are billed corarectly. It also guarantees that the physician receives […]
There are 28,000 Orthopedic Surgeons practicing across the US, according to the American Academy of Orthopedic Surgeons Even though Orthopedists earn the most from patient care work ($421,000), as compared to physicians from other specialties (Medscape Physician Compensation Report 2015), yet today the orthopedic practice seems to be facing big challenges in terms of generating […]
Medical practice revenue is based on effective billing. According to a study (2013) by the Practice Profitability Index (PPI) around 36%of the 5000 physicians interviewed foresee negative trends in their profits. Their Report (2014) states that nearly 20% of physician’s time is spent in administrative tasks – coding, documentation, and administration, rather than on patient […]
Most medical practitioners try and squeeze in all patients scheduled, yet often it backfires leaving patients unattended with long waiting hours resulting in administrative inefficiency and poor patient satisfaction. Patient care is primary to augmenting the revenue of one’s medical practice. Clinical, as well as administrative efficiency, can be enhanced by employing 5 crucial ways […]
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