The rise of high-deductible health plans is one of the major health care trends to take place since the implementation of the Affordable Care Act (also known Obamacare). This trend not only affects patients, but it also has a direct … Read More
Work smarter, not harder to keep your practice running as efficiently as possible: Delegate! Don't perform tasks that don't require an doctor. Examine your activities frequently, and get staff input about ways to do them more efficiently. Delegate as many … Read More
Earlier this month, the House of Representatives proposed the implementation of a ICD-10 “grace period” to help physicians and healthcare providers transition from ICD-9 into ICD-10. Within the proposed two-year window under H.R. 2652, healthcare providers’ coding errors would not … Read More
With declining Medicare reimbursements, the impending ICD-10 transition in October, and growing patient responsibility for payments, physicians are increasingly concerned about how they are going to get paid. Here are five tips to help you maximize your revenue cycle: New … Read More
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
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