Assured Return Archives

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

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

sam-mi2013-10-24T11:14:11+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 Expertisesam-mi2013-10-24T11:14:11+00:00

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

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

sam-mi2013-09-17T15:19:54+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 Waterssam-mi2013-09-17T15:19:54+00:00

Assured Return Offers Medical Practice Billing Advantage and Mitigates Healthcare Risk

Assured Return Offers Medical Practice Billing Advantage and Mitigates Healthcare Risk

sam-mi2013-07-19T09:22:30+00:00

"At risk." Two words that might just make you think twice about the practice of medicine. But once you know what the biggest risks are to your medical practice and how to mitigate them, you'll actually have the advantage. Risks for medical practices and physician medical billing are continually evolving. Growing numbers of regulations (12,000 and counting in the new Affordable Care Act alone), concerns over the increasing cost of healthcare and new technologies expose you and your patients to greater risks. Examples of some of today's biggest risks include: HIPAA Audits Fraud and abuse Identity theft Other compliance issues Compliance [...]

Assured Return Offers Medical Practice Billing Advantage and Mitigates Healthcare Risksam-mi2013-07-19T09:22:30+00:00

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

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

sam-mi2013-05-21T09:27:42+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 Returnsam-mi2013-05-21T09:27:42+00:00

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

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

sam-mi2013-04-25T05:51:50+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 Managementsam-mi2013-04-25T05:51:50+00:00

Doctors will Feel Medicare Reimbursement Cut of 2 Percent Beginning in April – Assured Return Offers Revenue Assurances

Doctors will Feel Medicare Reimbursement Cut of 2 Percent Beginning in April – Assured Return Offers Revenue Assurances

sam-mi2013-04-10T08:33:48+00:00

This year’s April date is no joke, to be sure. That’s because April 1 marks the day Medicare will start paying doctors less for treating beneficiaries under an automatic budget-cutting provision that took effect March 1, as reported in the American Medical Association’s amednews on March 11. According to the article: “Washington Physicians caring for Medicare patients said their practices will find keeping up with government mandates and the increasing demand for services more difficult once a 2% rate cut hits starting April 1. “The consequences of Congress and the White House failing to strike a deal to prevent spending reductions [...]

Doctors will Feel Medicare Reimbursement Cut of 2 Percent Beginning in April – Assured Return Offers Revenue Assurancessam-mi2013-04-10T08:33:48+00:00

Asking the Right Questions Assures your Return and Optimizes Revenue Cycle Management

Asking the Right Questions Assures your Return and Optimizes Revenue Cycle Management

sam-mi2013-03-21T14:30:17+00:00

What questions do you ask when searching for a healthcare revenue cycle management company uniquely qualified to work with you and your practice? For starters, narrow your search down by looking for one with niche specialization in medical coding, billing and collections that’s been around for many years, offers services tailored to your needs and removes the risk of outsourcing by assuring your return on investment. The following questions are recommended as a guide to help you begin the process of making that all important healthcare revenue cycle management decision – a decision that can literally make or break your practice: [...]

Asking the Right Questions Assures your Return and Optimizes Revenue Cycle Managementsam-mi2013-03-21T14:30:17+00:00

Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability

Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability

sam-mi2013-02-27T10:59:00+00:00

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 your revenue cycle management process can help avoid the following expenses incurred from in-house revenue cycle management (according to Outsourced Strategies International): Recruitment and training of additional billing personnel Providing periodic training to staff Maintaining innovative structure and advanced technology Purchase of hardware and the latest billing software Payment of employee [...]

Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitabilitysam-mi2013-02-27T10:59:00+00:00