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Build a Revenue Bridge Over Choppy ICD-10 Waters to Solid Revenue Ground

2013-10-30T09:39:24+00:00

Brace for impact. Your medical practice is at risk for hitting turbulent waters if you're not adequately prepared for the ICD-10 transition on Oct. 1, 2014. Preparations not only need to include all the steps leading up to the "go live" but also those associated with continued flow of your healthcare revenue cycle management in the months that follow. Did you know you're at risk for insufficient documentation, coding errors, and increased payer scrutiny of claims? Denial rates also may take a turn for the worse, with a correlating increase in accounts receivable days. Without the right medical coding, billing and [...]

Build a Revenue Bridge Over Choppy ICD-10 Waters to Solid Revenue Ground2013-10-30T09:39:24+00:00

ICD-10 Claims Denial Risk Offset by Assured Return, Medical Practice Billing Expertise

2013-10-24T11:14:11+00:00

Software upgrades to implement. Training classes to administer. Although your medical revenue cycle management faces several ICD-10 challenges that require tackling prior to the Oct. 1, 2014 "go live," the biggest challenge may just be keeping the lights on in the months after the deadline. That's because there's also the worry about reduced productivity as clinical and clerical staff deploy a vastly different code set for filing claims. This can result from physician medical billing and coding errors, insufficient documentation and increased payer scrutiny of claims. Denial rates also may increase along with a corresponding increase in accounts receivable days. "The [...]

ICD-10 Claims Denial Risk Offset by Assured Return, Medical Practice Billing Expertise2013-10-24T11:14:11+00:00

ICD-10 Denial Risks Need the Medical Practice Billing Assurances of MedRev Index

2013-10-23T11:03:49+00:00

For you and your medical practice coding, billing and collections, the impact of the oncoming ICD-10 transition might just be seen as an oncoming freight train when demonstrated with these sobering numerical facts: 68,000 diagnostic codes 87,000 procedure codes Denial rates potentially increasing between 100 and 200 percent AR days increasing by 20 to 40 percent Almost twice the claim error rate [space height="10"] But there's one number that actually can help protect your practice, and your bottom line, from these vulnerabilities that may occur during the months following the Oct. 1, 2014 "go live." That's the number you probably never [...]

ICD-10 Denial Risks Need the Medical Practice Billing Assurances of MedRev Index2013-10-23T11:03:49+00:00

Radiology Coding Expertise Turns ICD-10 Risks Into Revenue Growth Opportunities

2013-10-17T16:17:17+00:00

Your diagnostic radiology medical revenue cycle management faces several ICD-10 preparedness challenges prior to the implementation deadline. Software upgrades, training classes, and anticipated loss of productivity, to name a few. But the biggest challenge may just be keeping the lights on in the months after the "go live." Without the right radiology coding, billing and collections team in place, there's the chance for declining revenues and the very real possibility your healthcare revenue cycle management will take a hit. Denial rates potentially could increase between 100 and 200 percent, AR days increase by 20 to 40 percent, prolonged declining payments and [...]

Radiology Coding Expertise Turns ICD-10 Risks Into Revenue Growth Opportunities2013-10-17T16:17:17+00:00

ICD-10 Denial Risk Sparks Revenue Growth Opportunity For Emergency Coding and Billing

2013-10-15T09:17:09+00:00

ICD-10 preparedness is more than just about meeting the Oct. 1, 2014 implementation deadline, it's about the possible impact to your emergency medical practice revenue cycle management following the "go live" if you're not. There's talk about a possible increase in denial rates during the transition, which can reduce practice profitability, or possibly even bring it to a screeching halt. Denial rates potentially could increase between 100 and 200 percent, AR days increase by 20 to 40 percent, prolonged declining payments and a near doubling of claim error rates. ICD-10 has prompted a Y2K response. That's because the transition from ICD-9 [...]

ICD-10 Denial Risk Sparks Revenue Growth Opportunity For Emergency Coding and Billing2013-10-15T09:17:09+00:00

Providers Vulnerable to ICD-10 Readiness Without Proper Neurosurgery Coding Support

2013-10-10T11:08:16+00:00

ICD-10 update: CMS will not perform end-to-end tests of ICD-10-CM and PCS fee-for-service (FFS) claims with providers before the conversion deadline of Oct. 1, 2014. Yes, you read that correctly. According to CMS, end-to-end testing was already performed when its 5010 data standard was implemented last year, and ICD-10-CM and PCS are code sets rather than mechanisms to manage the data. That means providers and payers are on their own for the most part to make sure ICD-10 codes will be reportable and payable. While CMS is doing internal testing, it won't be providing much support to providers. Not only does [...]

Providers Vulnerable to ICD-10 Readiness Without Proper Neurosurgery Coding Support2013-10-10T11:08:16+00:00

PV-PQRS Registration by Oct. 15 Avoids Risks to Radiation Oncology Coding and Revenue

2013-10-08T09:07:32+00:00

Oct. 15, 2013 is the deadline to register for the Centers for Medicare and Medicaid Services (CMS) Physician Value-PQRS (PV-PQRS) Registration System. It's a new application to serve the Physician Value Modifier and PQRS programs that, according to CMS, will allow: Physician group practices to select their CY 2013 PQRS Group Reporting Mechanism and, if the group has 100 or more eligible professionals, elect quality tiering to calculate their CY 2015 Value-based Payment Modifier Individual eligible professionals to select the CMS-calculated Administrative Claims reporting mechanism for CY 2013 in order to avoid the PQRS negative payment [space height="10"] If missed, this [...]

PV-PQRS Registration by Oct. 15 Avoids Risks to Radiation Oncology Coding and Revenue2013-10-08T09:07:32+00:00

Register by Oct. 15 to Avoid PQRS Penalties; Optimize Orthopedic Coding and Billing

2013-10-03T14:31:50+00:00

Avoid reduced payments impacting your orthopedic coding, billing and collections and ultimately your bottom line when you register for the Centers for Medicare and Medicaid Services (CMS) Physician Value-PQRS (PV-PQRS) Registration System by Oct. 15, 2013. PV-PQRS is a new application to serve the Physician Value Modifier and PQRS programs that, according to CMS, will allow: Physician group practices to select their CY 2013 PQRS Group Reporting Mechanism and, if the group has 100 or more eligible professionals, elect quality tiering to calculate their CY 2015 Value-based Payment Modifier Individual eligible professionals to select the CMS-calculated Administrative Claims reporting mechanism for [...]

Register by Oct. 15 to Avoid PQRS Penalties; Optimize Orthopedic Coding and Billing2013-10-03T14:31:50+00:00

Registering by Oct. 15 Avoids PV-PQRS Penalties to Neurosurgery Coding and Billing

2013-10-01T11:19:51+00:00

Through AANS and CNS, neurosurgery has been at the forefront of discussions with CMS on the best way to implement payment and quality reform measures that include PQRS. They are advocating on behalf of neurosurgeons in order to ensure their ability to provide timely, compassionate, high quality and state of the art treatment for patients in need of neurosurgical care. These discussions are vital and while they continue, it's important to be aware of deadlines looming overhead that, if missed, could impact your physician medical billing and the financial health of your medical practice billing, coding and collections. Oct. 15, 2013 [...]

Registering by Oct. 15 Avoids PV-PQRS Penalties to Neurosurgery Coding and Billing2013-10-01T11:19:51+00:00

Falling Behind in ICD-10 Testing Places Orthopedic Coding at Risk

2013-09-26T15:42:07+00:00

According to a recent survey conducted by QualiTest Group, three out of four healthcare providers are not meeting the recommended timeline for the switch to ICD-10 by Oct. 1, 2014. Are you counted among those who are not? Is the ICD-10 transition of your orthopedic coding and all other aspects of your medical revenue cycle management at risk? Many healthcare providers across the board think they still have a lot of time to complete the steps necessary including performing ICD-10 testing. Think again. That's because CMS will not be performing end-to-end testing of ICD-10-CM and PCS fee-for-service. End-to-end testing is a [...]

Falling Behind in ICD-10 Testing Places Orthopedic Coding at Risk2013-09-26T15:42:07+00:00
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