In Billing
May 29th, 2019
There are the standard reasons medical claims are denied, such as putting the wrong modifier on a code or putting the diagnoses in the wrong sequence. But did you know that some reasons are not the fault of medical coding? 5 Ways Your Claim Can Be Denied Denials can be cause by more than an ...
In Billing
Nov 20th, 2017
The Centers for Medicare & Medicaid Services (CMS) filed a notice in the Federal Register on Nov. 17 announcing the 2018 inpatient hospital deductible and hospital and extended care services coinsurance amounts for services furnished under Medicare Part A. Effective Jan. 1, 2018, the inpatient hospital deductible will be $1,340; the daily coinsurance amounts will be: ...
In Billing
Feb 13th, 2017
The best time to collect co-pays, deductible, coinsurance, and any outstanding balances from a patient is when he or she is in the office. As health insurance plans increase deductible and coinsurance amounts, defining policies on how to best collect is important to maintain cash flow and keep your accounts receivable (A/R) low. The deductible ...
In CMS
Dec 14th, 2015
By Nancy Clark, CPC, CPC-H, CPB, CPMA, CPC-I The Centers for Medicare and Medicaid Services (CMS) recently announced increased costs for Medicare beneficiaries in 2016.  The annual deductible for Part B beneficiaries will increase from $147 in 2015 to $166  for 2016. Part B monthly premiums will increase for some, but remain at $104.90 for ...
Here are five quick tips to maintain a strong bottom line in your medical practice: Keep tabs on productivity: Monitoring provider productivity helps to manage providers’ compensation expectations, as well as the business’ bottom line. Regular reports, tying productivity to revenue, should be reviewed with providers. Maximizing revenue (charges) is number one for financial strength. ...