One Less Risk for Medical Practices: Transitioning Revenue Cycle Management with Revenue Bridge
Do you know what the biggest risks to your practices are? According to Matthew Smith from Health Directions in a September 2012 online article, they include: 1. Preparing for reimbursement models that place a greater share of financial risk on the practice 2. Participating in the CMS EHR meaningful use [...]
Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability
There are many myths in the medical billing industry. Which ones are guiding your practice decisions? Are they holding you back from optimizing your revenue cycle management? The number one myth out there is that keeping your medical coding, billing and collections practices in-house saves you money. In fact, outsourcing [...]
The New Benchmark: MedRev Index Measures Revenue Cycle Management Reimbursement Potential
The new benchmark: MedRev Index measures revenue cycle management reimbursement potential Chances are, you’ve heard the adage “You can’t manage what you can’t measure,” which underscores the importance of the dashboard as a tool to capture key pieces of data for your practice and demonstrate its overall health and viability.No [...]
RCM Console reports health of practice’s revenue cycle management
When asked at any given moment about the health of a patient, physicians will have a quick, well informed answer. When asked at any given moment about the health of their practice and the status of their revenue cycle management, many of them may not have such a ready response. [...]
Radiology Coding Update – Jan. 2013
CTA DOCUMENTATION "If it isn't written, it didn't happen" Those words have been repeated to medical billers and coders in training classes and seminars for over 20 years. Coding a CTA can be tricky even for the seasoned coder. Very precise information must be dictated to assist the coder in [...]
Chart Auditing Among Recent Changes in Radiation Oncology Revenue Cycle Management
A new auditing standard has emerged recently with changes that are critical to ensuring your records are in order in the event of an audit. Staying abreast of changing chart auditing regulations re integrally tied to your radiation oncology medical coding, billing and collections, and the overall success of your [...]
Recent Changes in Plastic and Reconstructive Surgery Revenue Cycle Management include Chart Auditing Standards
Has your plastic and reconstructive surgery practice fully transitioned to SSAE 16? Developed in 2011 by the American Institute of Certified Public Accountants (AICPA), this new auditing standard replaces SAS 70 to keep pace with the growing acceptance of international accounting standards. It's essential that your plastic and reconstructive surgery [...]
Family Medicine Revenue Cycle Management Provides Revenue Opportunities for Physicians Facing Large Medicare Cuts
It came down to the wire, but family medicine physicians narrowly averted a 26.5 percent cut in Medicare physician payments – temporarily – with a stop gap measure that provides for a Medicare payment extension through 2013. The cut was scheduled to take effect on Jan. 1 as a result [...]
Emergency Physicians Facing Large Medicare Cuts Can Look to Emergency Medicine Coding and Billing to Help Manage Revenue
The New Year arrives with an eleventh hour Congressional stop gap measure to avert a 26.5 percent reduction in the Medicare physician payment rates that would impact Emergency Medicine physicians – a temporary stop gap at best. Providers just missed facing the crippling effects on their clinical and operational efficiency [...]
Recent Chart Auditing Requirements Fuel Changes in Urology Revenue Cycle Management
What is the first step in maintaining a successful urology practice? Staying abreast of changing chart auditing regulations that directly impact the health of urology revenue cycle management. The quality of care provided by any urology practice is based on the accurate and complete clinical documentation of medical records. However, [...]