Competition and quality. Both of these words define key elements that management personnel within the medical industry must remain focused on in order to be successful. Management teams are responsible... Read More >
nbsp Medicare Benefits Message Non-covered charge s. Prior to performing or billing a service, ensure that the service is covered under Medicare. Please refer to the Centers for Medicare amp... Read More >
nbsp When was the last time you updated your employee handbook and or personnel policies. It is not uncommon for a handbook to reference policies or information that may change... Read More >
nbsp The National Society of Certified Healthcare Business Consultants for which I have been a long standing member has produced their annual Practice Statistics Report . This statistics report contains... Read More >
Have you checked your managed care reimbursement lately? If not, you may be losing revenues Please do the following Prepare a spreadsheet for your top managed care payers. On this... Read More >
nbsp In recently posted employer healthcare arrangement FAQs, the IRS warns employers about using employer payment plans to reimburse employees on a pretax basis for health insurance premiums the employee... Read More >
I was working on an independent embezzlement review that resulted from a medical practice employee going to the bank and trying to cash SEVEN insurance checks. Luckily the bank called... Read More >
Have you recently considered looked at these important financial planning issues? Investment Strategies. Since the passage of the American Taxpayer Relief Act and the enactment of the net investment income... Read More >
nbsp What has become clearer and clearer to the healthcare community is that point of service collection must be included in the metrics for a practice to achieve financial success.... Read More >
nbsp I constantly see physician practices especially the smaller ones continually running behind on their monthly bookkeeping and practice management system close out. I wonder sometimes if physicians really care... Read More >
New Jersey Doctor Sentenced for Taking Cash Kickbacks in Diagnostic Referral Scheme A doctor practicing internal medicine in Orange, N.J., was sentenced last week to five months in prison and... Read More >
nbsp There are incentives to participating in MU as many physicians are aware. There are also penalties for not participating as well. The question is Can you afford the long... Read More >
nbsp There are so many challenges that come from any new organizational change. Implementation of a new EHR EMR has many diverse challenges. Here are what I consider three organizational... Read More >
nbsp The decision to implement an EHR EMR should not be looked at as a sprint to get just the incentive money. It should be looked at like a marathon.... Read More >
The provisions of a managed care contract are nearly as important as the rates the contract pays. For example, one clause in managed care contracts requires that all referrals to... Read More >
Two Ohio Valley health care providers will pay a million dollar penalty after violating Federal law by submitting false claims to Medicare. United States Attorney William J. Ihlenfeld, II, announced... Read More >
nbsp An ACO may use a range of payment models e.g., fee for service with or without shared savings arrangements, capitation for specific defined populations e.g., diabetes , or global... Read More >
Mastering Healthcare Financial Decisions with Pro Forma Analysis The basic economic definition of a pro forma describes a presentation of data that reflects an as if basis. Many in the... Read More >
There is a reason there are provider practices called best practices. They fall into a category of healthcare practices that are determined to not only strive for that excellence in... Read More >
nbsp . Have you defined your needs? You will need to complete a needs assessment or an evaluation of what exact goals you will need the EHR product to meet.... Read More >
ProMedica Memorial Hospital in Fremont will pay . million to settle claims that it engaged in improper financial relationships with referring physicians, according to a news release from the U.S.... Read More >
nbsp The American Medical Association AMA announced new resources to guide physicians on navigating a little known rule in the Affordable Care Act ACA that could pose a significant financial... Read More >
nbsp We know patients are bearing more of the financial burden for healthcare, particularly in the form of High Deductible Health Plans HDHPs , so it falls to the provider... Read More >
The Quick Reference Information The ABCs of Providing the Annual Wellness Visit Educational Tool has been revised by CMS and is now available in downloadable format. This educational tool is... Read More >
nbsp Attracting new patients to your practice is one thing, but keeping them can be an entirely different issue. The days when you got to treat all members in a... Read More >
nbsp Last year Consumer Reports started ranking physicians and other healthcare providers in recent issues. Although most patients generally rated their physicians highly, they were less pleased with their interactions... Read More >
It seems like change is everywhere these days and how to address these changes are at the forefront with physicians and their practice administrators. Sometimes however we need to remember... Read More >
nbsp If you are an eligible professional EP , the last day you can register and attest to demonstrating meaningful use for the Medicare Electronic Health Record EHR Incentive Program... Read More >
nbsp In a news release, the IRS recommended that small businesses determine whether they can take the small business health care tax credit. The IRS website has a page devoted... Read More >
When you sell a capital asset, the sale usually results in a capital gain or loss. A capital asset includes most property you own and use for personal or investment... Read More >
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