Monthly Archives: September 2013

//September

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

Clock is Ticking: Radiation Oncology ICD-10 Readiness Depends on Medical Coding Partner

2013-09-24T10:18:46+00:00

If you think you have lots of time yet to perform ICD-10 testing on your Radiation Oncology coding, billing and collections, think again. CMS will not be performing end-to-end testing of ICD-10-CM and PCS fee-for-service. That means there's added burden that rests squarely on your shoulders—unless you have an independent, third party medical coding and billing partner with special expertise in the ICD-10 transition. It's time to re-examine where you are in the process, and if additional support is needed to help you prepare and allocate adequate time to perform all the testing steps necessary to assure your readiness by Oct. [...]

Clock is Ticking: Radiation Oncology ICD-10 Readiness Depends on Medical Coding Partner2013-09-24T10:18:46+00:00

PQRS and MedRev Index: Two Separate Ways to Glean All the Revenue You’re Due

2013-09-19T15:20:53+00:00

Your revenue stream is dependent on several factors. Among them are the quality of your medical coding, billing and collections, your participation in the Physician Quality Reporting System (PQRS) and understanding just how your medical practice coding, billing and collections can reveal your true revenue potential. PQRS Incomplete information is the culprit often times when it comes to getting all the revenue you're due. With regard to the Physician Quality Reporting System (PQRS), incomplete quality reporting can lead to future penalties, starting in 2015, and reduced payments to physicians. Did you know physicians could lose up to a total of $1.3 [...]

PQRS and MedRev Index: Two Separate Ways to Glean All the Revenue You’re Due2013-09-19T15:20:53+00:00

Assured Return is a Steady Rudder in Choppy Medical Practice Billing, Compliance Waters

2013-09-17T15:19:54+00:00

As the heat is being turned up for both medical practice compliance and revenue streams, assurances are needed right now. Incomplete documentation significantly raises the risk for medical practice compliance audits. It's time for some assurances not only to reduce the risks for your practice but also stimulate its growth. Compliance Assurances The likelihood of compliance audits for medical practice revenue cycle management is rising steadily. If you've ever bemoaned the weight on your shoulders to provide more detailed documentation, now is a good time to be reminded of the increased risks to you and your practice if you don't. Take [...]

Assured Return is a Steady Rudder in Choppy Medical Practice Billing, Compliance Waters2013-09-17T15:19:54+00:00

Details, Details! Full Revenue Potential from Medical Coding, Billing Can Be Missed Without MedRev Index

2013-09-12T10:26:13+00:00

In a profession where the devil is in the details, it's surprising how many opportunities there are to miss them. Those details, or lack thereof, can impact compliance and... the financial health of your practice's medical practice billing and coding. Your compliance risk in medical coding and billing is increasing, especially as medical practices prepare for the transition to ICD-10 in October 2014. More detailed documentation a must. If you've ever bemoaned the weight on your shoulders to provide more detailed documentation to ensure compliance in your medical practice billing, now is a good time to be reminded of the increased [...]

Details, Details! Full Revenue Potential from Medical Coding, Billing Can Be Missed Without MedRev Index2013-09-12T10:26:13+00:00

Avoid Penalties: PQRS Reporting in 2013 Requires Diagnostic Radiology Coding Expertise

2013-09-09T09:35:22+00:00

Did you know what you do this year, in 2013, is dependent on whether your Diagnostic Radiology practice loses money in 2015? If you're among the majority of Diagnostic Radiology practices currently not participating in, or qualifying for the Physician Quality Reporting System (PQRS), you're at risk for doing just that. While less than a quarter of radiologists qualified for the bonus money CMS hands out for meeting PQRS requirements in 2010 (the most recent year full data is available), according to a study from the Harvey L. Neiman Health Policy Institute published in the Journal of the American College of [...]

Avoid Penalties: PQRS Reporting in 2013 Requires Diagnostic Radiology Coding Expertise2013-09-09T09:35:22+00:00

Future PQRS Payments Require 2013 Reporting and Emergency Coding Expertise

2013-09-06T13:11:40+00:00

PQRS shows us that our payment system is moving in a new direction. Fee-for-volume is giving way to the new world of fee-for-value. That's why PQRS requirements are tied to your incentive payments and after 2014... payment penalties for failing to meet requirements. By not complying with Physician Quality Reporting System (PQRS) requirements, you're doing just that, placing yourself at risk for penalties that could reduce your hard earned revenue. According to a new study by The Harvey L. Neiman Health Policy Institute, "more than 80 percent of Medicare providers will face penalties for failing to meet quality thresholds if current [...]

Future PQRS Payments Require 2013 Reporting and Emergency Coding Expertise2013-09-06T13:11:40+00:00

One Healthcare Change Calms Nerves: Revenue Bridge Offers Seamless Medical Practice Billing Transition

2013-09-05T15:19:35+00:00

Any more, it's not just about meeting today's needs for medical practices, it's about anticipating tomorrow's. Advance preparations for ICD-10 are critical to the future success of medical practice revenue cycle management. Sometimes looking ahead to a better way of medical coding and billing for your practice is hard to do. After all, the way you've been doing things had been working... or so you thought. Anticipating how much better things can be is difficult to do, especially when there is a risk involved. There are bridges to a safe and secure transition that ensure the success of your medical coding, [...]

One Healthcare Change Calms Nerves: Revenue Bridge Offers Seamless Medical Practice Billing Transition2013-09-05T15:19:35+00:00