Running a successful medical practice involves not only providing quality patient care but also managing the financial aspects that keep your practice thriving. One crucial element of financial management is maintaining a healthy cash flow – the lifeblood of any...
Healthcare providers are now hoping that Sustainable Growth Rate or SGR will be eliminated. Introduced by Centers for Medicare and Medicaid Services (CMS), SGR is used to control Medicare spending...
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...
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...
There are a lot of myths and misconceptions among healthcare service providers about the functioning of the RAC (Recovery Audit Contractors). The RAC system was created to help CMS (Centers for...
Affordable Care Act or Obama HealthCare will provide tax credits to the low/middle-income group of Americans, thus helping them purchase insurance through state-run insurance exchanges. The coverage...
The latest reports from CNN IBN highlight that Affordable Care Act or Obamacare will provide health insurance subsidies to millions of Americans next year. The report is based on the analysis...
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...
There are many changes happening in the field of healthcare and one of the most significant is ICD-10-CM implementation. ICD-10-CM, the 10th revision for the International Classification of Diseases...
Medicare has stopped reimbursements for medical diagnostic tests, affecting hundreds of healthcare providers across the country. Medicare’s had provided reimbursement benefits to big laboratory...
Quality healthcare is key focus of any healthcare establishment and to achieve this healthcare establishments need to minimize the time and money spent on back office tasks. The proper scheduling of...
