Revenue Cycle Management

/Revenue Cycle Management

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

2013-02-27T10:59:00+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 Profitability2013-02-27T10:59:00+00:00

The New Benchmark: MedRev Index Measures Revenue Cycle Management Reimbursement Potential

2013-02-19T15:57:26+00:00

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 doubt, you’re connected to the many dashboards out there. In addition to all the dashboards that measure physician performance, there are also those that serves as a reliable means to document investment per physician and gauge effective group staffing.Then there’s one that stands apart from the rest, a dashboard that serves [...]

The New Benchmark: MedRev Index Measures Revenue Cycle Management Reimbursement Potential2013-02-19T15:57:26+00:00

RCM Console reports health of practice’s revenue cycle management

2013-02-13T17:26:38+00:00

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. The success of a medical practice hinges on knowing how well its medical coding, billing and collections process is generating revenue at any given moment. Physicians who are struggling to maintain control are not alone. A growing number of peers feel the same way. But how do physicians stay connected 24/7, [...]

RCM Console reports health of practice’s revenue cycle management2013-02-13T17:26:38+00:00

Radiology Coding Update – Jan. 2013

2013-01-14T18:30:45+00:00

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 determining if the procedure was a CT or CTA. The Fall 2008 issue of "Clinical Examples in Radiology" clarified the coding and dictation issues surrounding CTA. In order to differentiate CT from CTA, dictated documentation must indicate that 3D images were acquired and interpretation for those images must be made in [...]

Radiology Coding Update – Jan. 20132013-01-14T18:30:45+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

Recent Changes in Plastic and Reconstructive Surgery Revenue Cycle Management include Chart Auditing Standards

2013-01-08T00:16:06+00:00

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 practice's medical coding, billing and collections process reflect the new standard. And it's critical your provider complete the SSAE 16 audit that cements their expertise in this area. The quality of care provided by any plastic and reconstructive surgery practice is based on the accurate and complete clinical documentation of medical [...]

Recent Changes in Plastic and Reconstructive Surgery Revenue Cycle Management include Chart Auditing Standards2013-01-08T00:16:06+00:00

Family Medicine Revenue Cycle Management Provides Revenue Opportunities for Physicians Facing Large Medicare Cuts

2013-01-07T23:58:57+00:00

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 of the Sustainable Growth Rate (SGR) formula overshooting budgeted Medicare spending. In addition, implementation of the Budget Control Act's (BCA's) sequestration provision measure, scheduled to take effect on Jan. 2, has been delayed for two months. The provision measure calls for a 2 percent cut in the Medicare physician payment rate [...]

Family Medicine Revenue Cycle Management Provides Revenue Opportunities for Physicians Facing Large Medicare Cuts2013-01-07T23:58:57+00:00

Emergency Physicians Facing Large Medicare Cuts Can Look to Emergency Medicine Coding and Billing to Help Manage Revenue

2013-01-07T23:53:16+00:00

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 as a result of the Sustainable Growth Rate (SGR) formula overshooting budgeted Medicare spending – for now. 2013 is an essential time for emergency medicine medical coding, billing and collections processes to support and champion new payment and delivery models that prepare for future Medicare cuts still anticipated. Now, more than [...]

Emergency Physicians Facing Large Medicare Cuts Can Look to Emergency Medicine Coding and Billing to Help Manage Revenue2013-01-07T23:53:16+00:00

Recent Chart Auditing Requirements Fuel Changes in Urology Revenue Cycle Management

2012-12-26T23:25:15+00:00

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, changes to the auditing standard have occurred to ensure that accuracy. Has your urology 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. The [...]

Recent Chart Auditing Requirements Fuel Changes in Urology Revenue Cycle Management2012-12-26T23:25:15+00:00

Recent Changes in Diagnostic Radiology Revenue Cycle Management Include Chart Auditing Standards

2012-12-26T23:12:51+00:00

The quality of care provided by any diagnostic radiology group is based on the accurate and complete clinical documentation of medical records. It's a lot to juggle, particularly because diagnostic radiology tends to be one of the more complex coding and compliance areas. It differs from many specialties in that there is a professional component and a technical component that is billed, as well as coverage issues. Add onto that the fact the recent change in auditing standards and you're challenged to stay abreast and continually ensure your records are in order in the event of an audit. Has your diagnostic [...]

Recent Changes in Diagnostic Radiology Revenue Cycle Management Include Chart Auditing Standards2012-12-26T23:12:51+00:00