In Billing
Jun 24th, 2013
The Centers for Medicare & Medicaid Services (CMS) announced in April it will not perform end-to-end tests of ICD-10-CM and PCS fee-for-service (FFS) claims with providers before October 2014. This means providers, facilities, and EMR vendors must make sure they are ready for the mandatory implementation. The federal agency explains end-to-end testing was already done ...
Apr 4th, 2013
Moving forward with implementation means your participation is vital. If you thought the introduction of the electronic health record (EHR) would change coding, you were absolutely right. The days of sitting in the back office, appending ICD-9-CM codes to paper fee tickets and manually posting charges is, for some practices, in the distant past. Modern ...
Mar 26th, 2013
Want your patients to pay when they visit and be happy about it? Use the following strategies to help them understand what to pay, to be willing to pay, and to walk out of the practice feeling their payment was equal to services received. Acknowledge patients are customers – From the moment money changes hands, ...
Dec 1st, 2012
By Marcia Brauchler, MPH, CPC, CPC-H, CPC-I, CPHQ The new year is nearly here. Time to get a fresh start on your payer contracts. Gather your year-end data and prepare yourself to approach payers for new agreements or rate updates. Start with a High-level Perspective After you’ve gathered the contracts and information from payer websites ...
Dec 1st, 2012
By Jim Denny, MBA Every practice knows that cash flow is a key indicator of financial health, but other key metrics should be evaluated to see the true state of a practice. By regularly looking at the number of days in accounts receivable (A/R), A/R greater than 120 days, collection rate, and denial rate, for ...