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
In a continuation of the seesaw we’ve seen before, hospitals are slowing their acquisition of clinical practices. What’s behind the slowdown in what was a red-hot arena just one year ago? First, hospitals are rediscovering how difficult it can be … 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
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
Surgeons spend years developing the skills they needs to perform complicated surgeries. Their intelligence is admirable. Their dexterity is amazing, and their knowledge can be awe-inspiring. A patient needs to believe these things about the man or woman who will … 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
If you wonder whether you employ too many or too few clinical staff in your medical practice, you’re not alone. Many physicians share this concern and don’t know how to assess what the right number is for their practice. Fortunately, there are … 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