Revenue Bridge

/Revenue Bridge

Build a Revenue Bridge Over Choppy ICD-10 Waters to Solid Revenue Ground

2013-10-30T09:39:24+00:00

Brace for impact. Your medical practice is at risk for hitting turbulent waters if you're not adequately prepared for the ICD-10 transition on Oct. 1, 2014. Preparations not only need to include all the steps leading up to the "go live" but also those associated with continued flow of your healthcare revenue cycle management in the months that follow. Did you know you're at risk for insufficient documentation, coding errors, and increased payer scrutiny of claims? Denial rates also may take a turn for the worse, with a correlating increase in accounts receivable days. Without the right medical coding, billing and [...]

Build a Revenue Bridge Over Choppy ICD-10 Waters to Solid Revenue Ground2013-10-30T09:39:24+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

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

2013-08-06T10:36:50+00:00

Let's face it, transitions are nerve racking, whether they are in life or in business. Many healthcare officials believe the 2,700 page Affordable Care Act (ACA), with its 12,000 pages of regulations, is leading to even more uncertainty. Just how will the transition to the ACA work, and how will appointed and career federal officials determine the law's final requirements? All of this uncertainty raises real concerns about how the new law will impact the most crucial element in any healthcare reform effort: physicians. That's why doctors are nervous about the new law and how it will affect their incomes, their [...]

One Healthcare Change Calms Nerves: Revenue Bridge Offers Seamless Medical Practice Billing Transition2013-08-06T10:36:50+00:00

Bridging the Gaps in ICD-10 Can Also Create Seamless Medical Practice Billing and Coding Transition

2013-05-23T09:24:45+00:00

The ICD-10 conversion on Oct. 1, 2014 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. Can your current physician revenue cycle management process stand the added weight of this transition? Does it have the experience and foresight required to navigate all the nuances and changes that are happening? What about the resources to provide your team the full cadre of support and training you need throughout the various implementation stages? While this large-scale shift in coding [...]

Bridging the Gaps in ICD-10 Can Also Create Seamless Medical Practice Billing and Coding Transition2013-05-23T09:24:45+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

Asking the Right Questions will Create a Bridge to Better Revenue Cycle Management

2013-03-26T09:19:30+00:00

When searching for a new medical billing company, what questions do you need to ask? There is a sea full of companies out there, and a boatload of risk unless you have the right healthcare revenue cycle management company uniquely qualified to work with you. 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 and also offers services tailored to your needs including a no-risk transition of your A/R to avoid any possibility of revenue falling through the cracks. The following questions are recommended as [...]

Asking the Right Questions will Create a Bridge to Better Revenue Cycle Management2013-03-26T09:19:30+00:00

One Less Risk for Medical Practices: Transitioning Revenue Cycle Management with Revenue Bridge

2013-03-07T11:25:44+00:00

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 incentive program 3. Dealing with rising overhead costs 4. Selecting and implementing a new EHR system 5. Implementing and/or optimizing an accountable care organization 6. Managing finances with the uncertainty of Medicare reimbursement rates 7. Modifying the physician compensation formula to more heavily emphasize quality measures 8. Recruiting physicians 9. Negotiating [...]

One Less Risk for Medical Practices: Transitioning Revenue Cycle Management with Revenue Bridge2013-03-07T11:25:44+00:00

Chart Auditing Among Recent Changes in Radiation Oncology Revenue Cycle Management

2013-01-08T00:26:57+00:00

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 radiation oncology practice. Has your radiation oncology revenue cycle management 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. Keeping track of records for errors [...]

Chart Auditing Among Recent Changes in Radiation Oncology Revenue Cycle Management2013-01-08T00:26:57+00:00

Bridge your Revenue Cycle Management Gap with revMD’s Revenue Bridge

2012-09-20T08:51:05+00:00

It's a critical time, a time that few medical practices think about until they're immersed in the situation. You have decided to switch your medical billing, coding and collections service and outsource to a new company. There's this interim period between when your current revenue cycle management contract ends and your new one begins. You're in that in-between stage when your former medical billing and collections company is producing fewer results because they're not as motivated to collect all they can for you anymore. At the same time, you're awaiting the beginning of your new outsourced medical billing and collections contract. [...]

Bridge your Revenue Cycle Management Gap with revMD’s Revenue Bridge2012-09-20T08:51:05+00:00