The faulty submission of medical claims can get you into serious financial trouble and adversely impact the bottom line of your practice. A recent example is the case of the St Luke’s University...
How the 2% Medicare Reimbursement Reduction Will Affect ASCs
The debt-ceiling crisis in United States during 2011 paved way for the imposition of Budget Control Act of 2011. The measures to reduce discretionary spending kicked off in January 2013 with the...
Meeting HEDIS Quality Care Goals
There is an increasing focus on the quality of care, whether its prevention, early diagnosis of illness, or therapeutic services. HEDIS ((Healthcare Effectiveness Data and Information Set), created...
Patient Appointment Cancellations – How to Turn Them to Your Advantage
Appointment cancellations and no-shows are distressing for physicians’ practices. Patients who fail to show up for an appointment or cancel it reduce your revenues and cause waste of valuable staff...
Cloning Feature in EHRs May Lead to Higher Billing
The federal government has a new concern to deal with – a cloning feature in electronic health records which enable physicians to cut and paste from the previous visits of patients. The cut and...
Improve Practice Performance with Medical Record Audit
Healthcare providers have the responsibility to comply with all current regulations and reforms in the healthcare field. This is a field that experiences constant flux and therefore the challenges...
Inaccurate Billing Data Beats Medicare’s Cost Savings Strategy
Among the measures taken by Medicare to save money spent unnecessarily was its 2008 policy to stop paying hospitals extra to treat certain hospital acquired preventable conditions including UTIs or...
30 Cents of Every Healthcare Dollar Wasted Annually in the US Health Care System
The Institute of Medicine (IOM) has published a detailed report regarding waste of money in the U.S. healthcare, which reaches up to $750 annually. The political parties are trying to reduce...
Ensuring Efficiency in the Insurance Authorization Process
Getting insurance authorization is crucial to the success of any practice. Health insurance companies have stringent rules when it comes to making payment. While they pay for medically necessary...