Essential Tips for Effective Revenue Management Take the following steps to stay aware of what you re owed to secure revenue, says healthcare consultant Steven Berger, FHFMA, CHE, CPA, president,... Read More >
New CMS Resource for E M Coding Now Available in Transmittal CMS has created a new one-stop resource for E M coding. It can be found in Transmittal to the... Read More >
Is Your Net Worth Growing Each Year? Why It Matters for Physicians A recent survey by Medical Economics magazine showed that physician net worth was moving ahead briskly but that... Read More >
Preparing Your Staff for Effective Financial Conversations with Patients Key Training Tips Give plan members early warning about the financial responsibilities they may face for treatment. Your preparation may include... Read More >
nbsp The IRS Tax Exempt and Government Entities TE GE Division just released its FY Exempt Organizations EO Implementing Guidelines. Most notable for tax-exempt hospitals, the Director of EO Examinations... Read More >
Protecting Your Practice Real Estate Ownership and Lease Tips To protect your real estate holdings, you should revise your arrangements now and bring all practice owner-physicians into the real estate... Read More >
OIG s Work Plan Key Focus Areas and Medicare Part D Impacts The OIG s message is clear When Medicare Part D takes effect January , the feds will be... Read More >
Top Scenarios That Trigger Overpayment Refund Requests and How to Handle Them Fielding requests for overpayment refunds is unfortunately an all-too-familiar scenario for most providers. Here are the top three... Read More >
Key Strategies for Implementing Open-Access Scheduling in Your Practice Implementing open-access scheduling without careful planning invites disaster. Once you determine how much to open the schedule, develop a new set... Read More >
Understanding Required by Law Disclosures of PHI Under HIPAA HIPAA allows disclosures of PHI without authorization when such disclosures are required by law. What does this mean? The regulations define... Read More >
For services billed in year 2004, the following are the Medicare utilization statistics for Hospital Admits: 99221ย ย ย ย 5.5% 99222ย ย ย ย 35.8% 99223ย ย ย ย 58.7% Hospital Visits: 99231ย ย ย ย 23.3% 99232ย ย ย ย 56.7% 99233ย ย ย ย 19.7% Read More >
CMS Prioritizes Accuracy Medicare Fees to Be Updated Online Instead of CD-ROM The Centers for Medicare amp Medicaid Services CMS has decided not to place the fees on the CD-ROM... Read More >
From Part B News Key Changes in the Physician Fee Schedule What You Need to Know The final physician fee schedule won t be published until the Nov. , Federal... Read More >
CMS Launches Physician Voluntary Reporting Program Key Measures and Details Last Friday, the Centers for Medicare amp Medicaid Services CMS established the Physician Voluntary Reporting Program PVRP , a step... Read More >
Maximizing Efficiency Internet vs. POS vs. Phone Verification for Insurance In addition to using the Internet to handle patient registrations, consider using it for insurance validation. One insurance company recently... Read More >
Streamlining Collections Implementing a Veto-Only System for Physician Review If you have a well-defined collection process in writing, as you should, it probably requires that you give delinquent account information... Read More >
Optimizing Same-Day Appointments Balancing Patient Access with Physician Efficiency Trying to meet patient and referrer demands without sacrificing physician efficiency leads many doctors to adopt different appointment styles such as... Read More >
The next few months may provide a last chance opportunity for taxpayers who itemize deductions to deduct state and local sales taxes in lieu of state and local income taxes.... Read More >
CMS Releases Comprehensive Medicare Guide to Rural Health Services for Providers and Physicians The Division of Provider Information Planning amp Development at the Centers for Medicare amp Medicaid Services CMS... Read More >
On Social Security Online, Automatic Increases, Contribution and Benefit Base, http www.ssa.gov OACT COLA cbb.html , the Social Security Administration has announced that the wage base for computing the Social... Read More >
Protecting Your Practice How Antisteering Clauses Can Shield Against Revenue Loss from Carve-Outs When you contract with a health plan for your services, you base your deal on the reimbursement... Read More >
From the Journal of Accountancy How to Navigate Life Settlement Transactions Options, Steps, and Tax Implications WHEN INDIVIDUALS OR BUSINESSES HAVE UNNEEDED life insurance policies they have three options continue... Read More >
The American Health Information Management Association AHIMA provides help sorting through the rules regarding how long you must retain records at your practice. Use AHIMA s tables as a basic... Read More >
Per the Physician Compensation Report www.hcpromarketplace.com . Desire for higher salary . High malpractice premiums . Underutilized medical skills desire for upward advancement hours too long high call schedule .... Read More >
From the Group Practice Solutions newsletter www.hcpromarketplace.com The distinction between a request for a consultation and a referral seems straightforward at first glance. A consultation occurs when a physician gives... Read More >
Audit Reveals High Rate of Place of Service Coding Errors in Medicare Claims According to the July issue of Texas Medicine www.texmed.org , a recent audit of Part B claims... Read More >
The Growing Adoption of Electronic Medical Records Key Findings from a Recent Physician Poll In a poll released in the September issue of Physicians Practice www.physicianspractice.com , a surprising number... Read More >
Avoiding Costly Penalties Essential Audit Points for Managing Employee Pay and Classification From the Americian Institute of Professional Bookkeepers www.aipb.org To avoid major penalties, audit your own practices to avoid... Read More >
Disaster Preparedness for Medical Practices Protecting Records and Insurance As Hurricane Rita nears the Texas coastline, I wonder how many medical practices are prepared for any kind of a disaster,... Read More >
Medicare Part B Premium Increase Factors Behind the . Hike for Rapid growth in the intensity and utilization of Part B services in hospital outpatient services is a primary reason... Read More >
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