There’s been a lot of buzz in the industry around bundled payments since it has potential to transform the current healthcare system through payment reform. So what is payment bundling? Also known as episode-based payment, payment bundling is the reimbursement … Read More
What is ICD-10? International Classification of Disease tenth revision (ICD-10) is a system of coding created by the World Health Organization that notes various medical records including diseases, symptoms, abnormal findings and external causes of injury. Next October 1, 2015, … Read More
What does your practice’s denial rate look like? If it is higher than 4 percent, you need to take action. By implementing these simple steps, you can help to avoid billing mistakes and denied claims. Verify Insurance Not verifying insurance … Read More
Are you feeling the pinch now that the federally funded Medicaid primary pay bump has expired? If so, you’re certainly not alone. Many primary care doctors in Colorado who see Medicaid patients this year will get a fee cut averaging … Read More
When outstanding patient balances grow out of control, your practice may feel there’s no option but to place them in the hands of a collection agency. However, turning an account over to collections should only be used as a last … Read More
How can we end the year without noting healthcare trends as we head into 2015? The earth might fall off its axis without such observations! Here are my predictions: EHR Systems Love ‘em or hate ‘em (and I know there … Read More
The good news is that Affordable Care Act (ACA) has expanded health insurance to millions of Americans. The bad news is that medical practices are struggling with newly-insured patients, many of whom have very low insurance literacy. The practices report … Read More
Medical practices of all sizes must make decisions that not only are for the betterment of the services provided to patients, but also for the financial health of the practice. One such decision to be made is if outsourcing to medical … Read More
Earlier this month, the House of Representatives approved the "Keep Your Plan" Bill, which is an amendment to the Affordable Care Act. The controversial amendment essentially lengthens the ACA's transition policy, allowing insurers to continue selling coverage that does not … Read More
You’ve made it through medical school. The grueling hours, the demanding schedule, the memorization…and the debt. According to an article in Bloomberg, even former Federal Reserve Chairman, Ben Bernanke’s son can’t escape the rising mound of debt associated with his … Read More