Apr 3rd, 2020
HHS extends financial assistance to hospitals and physicians during pandemic. As the COVID-19 pandemic continues, the financial stability of the healthcare system is in jeopardy. Some hospitals have been forced to furlough staff to make ends meet, while many small physician practices are having trouble keeping their doors open. From the smallest practice to the ...
In CMS
Dec 30th, 2019
Many clinicians earned Qualifying Alternate Payment Model Participant (QP) status during the 2017 performance period of the Quality Payment Program (QPP). But a long list of them are still eagerly awaiting their 5 percent lump sum incentive payment. The Centers for Medicare & Medicaid Services (CMS) began disbursing the 5 percent APM incentive payment to ...
In CMS
Dec 27th, 2019
If the Medicare Payment Advisory Commission (MedPAC) gets its way, lawmakers will require Medicare to reduce the hospice aggregate cap amount by 20 percent and freeze hospice payment rates for 2021. A 20 percent cap reduction would equal nearly 3 percent less in hospice payments. MedPAC Recommendations In its forthcoming March report to Congress, MedPAC will include ...
Technology still requires human input to ensure the integrity of automated front-end and back-end processes. Ten years ago, the healthcare industry was pushed into the digital world via the Health Information Technology for Economic and Clinical Health Act (HITECH); and while some healthcare professionals felt uprooted and/or poorly equipped for this change, others used it ...
Resolving credit balances can bring your organization out of the red and into the green. 6-Step Checklist to Recover Revenue Adjustments are correct Patient cost-sharing amounts are correct No duplicate payment postings Payments went to correct payers No charge entry errors Corrected claims are accounted for You  may have encountered this situation: Your boss assigns ...