In Billing
Apr 27th, 2012
An IMS Institute for Healthcare Informatics survey released April 4 shows a drop in physician office visits and prescription use. As patients struggle with high deductibles, co-pays, and general economic issues they are more likely to ask their physician about cheaper alternatives for tests and prescriptions, or to find other alternatives rather than seeing their ...
In Audit
Jul 1st, 2011
The American Medical Association’s (AMA) fourth annual National Health Insurer Report Card has good news for some payers, but not for the industry as a whole. Overall, the rate of inaccurate claims payments increased 2 percent since last year’s report card among leading commercial health insurers, the AMA said. The commercial claims processing error averages 19.3 percent, the ...
In Billing
Mar 23rd, 2011
The high cost of health insurance has contributed to a sharp rise in deductibles, which may range from $1,000-$5,000. For 2011, Medicare Part A deductible increased $1,132 and Medicare Part B for outpatient services increased $162. High deductibles can decrease your cash flow, especially during the months of January through March. Patients, especially those who ...
In Billing
Dec 22nd, 2010
By Jill Young, CPC, CEDC, CIMC — East Lansing, MI Are you aggravated by accounts with small balances as you work your receivables; those small balances that show up on your reports as co-pays that were not collected at the time of service? If your office doesn’t have a policy for collection of co-pays BEFORE ...
In CMS
Nov 12th, 2010
The Centers for Medicare & Medicaid Services (CMS) has set the Medicare premiums, deductibles, and coinsurance amounts to be paid by Medicare beneficiaries in 2011. For the most part, rates will stay the same for Part B services; whereas, beneficiaries requiring Part A services will see slight increases in both premiums and deductibles in the coming year. 2011 ...