In this new era of healthcare – and payment – reform, neurosurgeons are faced with many decisions. Among them is how to maintain the financial health of their Neurosurgery revenue cycle management.
It’s becoming a daunting task to stay abreast of current developments in Neurosurgery medical coding and billing. A myriad of changes in Neurosurgery revenue cycle management loom over head as the Affordable Care Act begins to transform our healthcare system.
In June 2012, the MGMA-ACMPE released the results of a questionnaire that ranked members’ most pressing practice management challenges. No. 2 was: Preparing for reimbursement models that place a greater share of financial risk on the practice.
Within the next five years, neurosurgeons will be adopting this revenue reimbursement shared-risk model (vs. fee for service) with the emergence of population health management through Accountable Care Organizations (ACO) that coordinate care and meet performance standards of care for groups of Medicare patients.
In this new ACO environment, the federal government, in tandem with commercial insurance companies, is changing the way patients pay doctors and hospitals. Reimbursement models are transitioning from volume-based to value-based focusing on quality care and efficiency.
As a result of ACOs and its correlating population health management and shared risk models, proper Neurosurgery medical coding and billing is vital to maintaining a practice’s strong pulse and maximizing revenue potential. It’s an exacting science that requires in-depth, insider industry expertise of the myriad of new Neurosurgery coding, billing and compliance regulations that only an independent third party Neurosurgery revenue cycle management specialist with decades of expertise can provide to ensure nothing falls through the cracks and revenues are optimized.
revMD.com is the results-proven alternative for healthcare revenue cycle management, with a niche specialization in medical coding and billing that generates unprecedented results and builds profitable medical practices. Leveraging a history of industry wide success spanning 25 years, revMD.com partners with medical practices in Arizona and throughout the U.S. to optimize revenue for hospital based and practice based physicians.