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Stabilize Your Medical Practice Billing and Coding During ICD-10 Transition with Assured Return

2013-05-21T09:27:42+00:00

You’re not alone if you’re feeling a bit shaky these days as pressures mount for the ICD-10 conversion by Oct. 1, 2014. After all, your medical practice coding, billing and collections face vulnerabilities throughout this process. The ICD-10 conversion means significant changes to office procedures that can affect every aspect of business operations including your physician revenue cycle management. Medical record documentation will increase. Both physicians and coders will need to collect and document more data on patients to justify codes submitted for claims. If there was ever a time when assurances are needed, it’s now. Assurances can result from ensuring [...]

Stabilize Your Medical Practice Billing and Coding During ICD-10 Transition with Assured Return2013-05-21T09:27:42+00:00

Implementing ICD-10’s Avalanche of Coding Updates Require Coding Experts in Physician Revenue Cycle Management

2013-05-14T09:03:32+00:00

In the coding world, there is a saying that “If it isn’t documented, it doesn’t exist or it didn’t happen.” That strikes fear in the hearts of all physicians, which is why it’s imperative your medical practice billing and coding be tied to your medical practice revenue cycle management and the coding expertise of your physician billing and coding team. There are more than 68,000 new ICD-10-CM diagnosis and procedure codes that will go into effect beginning Oct. 1, 2014. Compare that to the 18,000 codes in ICD-9, and you have a major coding conversion that has been slated to be [...]

Implementing ICD-10’s Avalanche of Coding Updates Require Coding Experts in Physician Revenue Cycle Management2013-05-14T09:03:32+00:00

Expertise in Neurosurgery Revenue Cycle Management Relieves Weight of ICD-10 Conversion

2013-05-09T10:02:19+00:00

With the expansion of ICD-10-CM codes from 18,000 to 68,000, the level of increased detail is staggering. One example of the changes specific to Neurosurgery billing and coding includes that pertaining non-remitting backache, a common complaint for neurosurgical patients. Understanding how to report these diagnoses in ICD-10 is especially important, specifying right or left side when reporting lumbago and sciatica. There is much more to learn that can help you and your medical practice billing and coding make the full transition. This is a critical time to evaluate where you are in your preparations for ICD-10 prior to implementation by Oct. [...]

Expertise in Neurosurgery Revenue Cycle Management Relieves Weight of ICD-10 Conversion2013-05-09T10:02:19+00:00

ICD-10 Conversion: Urology Revenue Cycle Management Expertise Makes the Difference

2013-05-07T08:59:46+00:00

Do urologists and nephrologists actually catch a few breaks with the ICD-10 conversion? This transition might just streamline your work in some respects because ICD-10 codes are more straightforward in your specializations. You will see new combination codes for patients with co-morbidities like diabetes to which you will need to become accustomed. And where ICD-9 had two or three codes for a patient with diabetes and renal failure, there will be only one in ICD-10. There’s even more information out there that can help streamline your practice operations. But it takes special expertise in Urology revenue cycle management to not only [...]

ICD-10 Conversion: Urology Revenue Cycle Management Expertise Makes the Difference2013-05-07T08:59:46+00:00

ICD-10 Conversion of Medical Practice Billing and Coding Could Surpass Y2K in Scope

2013-05-02T09:49:45+00:00

Experts predict the conversion from ICD-9 to ICD-10 could very well eclipse Y2K in scope. Keeping your Orthopedic Surgery revenue cycle management in motion before, during and after the Oct. 1, 2014 ICD-10 transition relies squarely on you, your team's preparedness and the expertise of your Orthopedic coding and billing team. The ICD-10 conversion means significant changes to office procedures, which are expected to affect every aspect of business operations. It also requires you to increase your level of medical record documentation across all aspects of service. More patient data will be collected and documented to justify codes submitted for claims. [...]

ICD-10 Conversion of Medical Practice Billing and Coding Could Surpass Y2K in Scope2013-05-02T09:49:45+00:00

Your Chances of Tax Audits Tied to Emergency Medicine Revenue Cycle Management

2013-04-30T10:14:23+00:00

Say the word “audit” out loud and practically everyone within earshot will stop in their tracks. Filled with fear of this possibility, physicians are among those who top the list, and rightly so. According to a March 15 Physicians Practice article by Philippa Kennealy, MD and Philip Garrett Panitz, Esq., the Internal Revenue Service (IRS)’s audit enforcement is increasing among physicians based on the perception they make easy targets as a result of poor record-keeping practices. “Most physicians in medical practice have received some training in reducing their malpractice risk, but little or nothing is taught about how to minimize the [...]

Your Chances of Tax Audits Tied to Emergency Medicine Revenue Cycle Management2013-04-30T10:14:23+00:00

New Assurances in 2013 Help Medical Practices Offset Risks in Revenue Cycle Management

2013-04-25T05:51:50+00:00

In your medical practice, cost benefit analyses determine many of the decisions you make. There’s one decision that can be particularly difficult…and downright paralyzing: realizing you need to make a change in healthcare revenue cycle management but not knowing if a new process will increase revenue… this time. Fear of transitioning medical coding, billing and collections processes is a valid one. Taking a chance once or twice with in-house revenue cycle management processes and seeing disappointing or even devastating results can make anyone hesitate to move in any direction. It’s no wonder that amidst all the risks facing medical practices today, [...]

New Assurances in 2013 Help Medical Practices Offset Risks in Revenue Cycle Management2013-04-25T05:51:50+00:00

Among All the Cuts, One Number Demonstrates Revenue Growth Potential: Your MedRev Index

2013-04-19T05:24:36+00:00

More than $1.2 trillion is federal spending is earmarked to be slashed in 2013, the sum total of sequester cuts mandated by the 2011 Budget Control Act. A percentage of your reimbursement is included in that number. Did that get your attention? While Medicaid is exempt from the reductions, but Medicare payments to doctors and others for inpatient and outpatient services will be reduced by 2%, or roughly $11 billion for the year. The Dept. of Health and Human Services will spread out the remainder of the cuts among its various other agencies. Account 2013 cut (in millions) Medicare inpatient program [...]

Among All the Cuts, One Number Demonstrates Revenue Growth Potential: Your MedRev Index2013-04-19T05:24:36+00:00

Low Patient Engagement Contributes to Rising Healthcare Costs and Greater Need for Orthopedic Surgery Revenue Cycle Management

2013-04-16T02:09:24+00:00

Among the biggest objectives for any orthopedic surgery practice is to maximize patient engagement and reduce healthcare costs (both for patients and providers). It just so happens one impacts the other. The following Power Your Practice article explains the tie: Though electronic medical record software has helped practices streamline workflows, automate healthcare revenue cycle processes, and better manage patient care, health IT systems cannot revolutionize the healthcare industry on their own. Medical professionals must also make a greater effort to engage patients and make them more active participants in their health. The reason this is important is that patient engagement is [...]

Low Patient Engagement Contributes to Rising Healthcare Costs and Greater Need for Orthopedic Surgery Revenue Cycle Management2013-04-16T02:09:24+00:00

Revenue Bridge Needed Now, More Than Ever, to Bridge the Widening Gap in Physician Practice Revenue

2013-04-12T08:16:09+00:00

Reimbursement rates are dropping while costs to operate a healthcare practice are rising. So where’s a revenue bridge when you need one? According to a March 11 report in Physicians Practice, an online publication produced by the American Medical Association, did you know? Medicare has increased doctors' rates by only 4% since 2001, while the cost of operating a practice has risen by more than 20%. The austerity approach also will affect the overall U.S. economy, according to official budget projections. The gross domestic product would be expected to grow at a 0.6% faster rate if sequestration were eliminated. The AMA, [...]

Revenue Bridge Needed Now, More Than Ever, to Bridge the Widening Gap in Physician Practice Revenue2013-04-12T08:16:09+00:00
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