- Richard Smith
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Physicians should be aware of proposed 2019 Medicare QPP ruleHealth - Beauty - Fitness - - May 18, 2020 Free
Centers for Medicare & Medicaid Services (CMS) recently published the proposed Physician Fee Schedule Rule for 2019. It includes provisions for the Quality Payment Program (QPP) for 2019 as well as the physician fee schedule.The Physician Fee Sch...
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In-house vs Outsourced Medical Billing Services for PhysiciansHealth - Beauty - Fitness - - May 15, 2020 Free
Whether to outsource medical billing operations or keep the process in-house is the question that continues to hassle many physicians and practice managers. Many medical offices struggle with the decision to keep medical billing internal or outsource...
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How Do I Find a medical billing Company I Can Trust?Health - Beauty - Fitness - - May 14, 2020 Free
In the healthcare industry Revenue cycle management (RCM) is exceptionally important. Survival of medical practices and hospitals is dependent on the efficiency of their billing operations. While healthcare may be the top main concern, medical practi...
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Importance of projecting monthly cash flowHealth - Beauty - Fitness - - May 13, 2020 Free
A glazed over blank stare or a stammering of excuses is what we get from physicians when asked about their projections for this month’s cash flow. Imagine how an employee would feel if they did not know how their next paycheck was going to be for. Ho...
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DMEPOS Competitive Bidding Program and New RegulationsHealth - Beauty - Fitness - - May 12, 2020 Free
DEMPOS stands for Durable Medical Equipment, Prosthetics, Orthotics, & Supplies (DMEPOS). The DEMPOS competitive bidding program was set by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA). In order to become Medic...
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Tips for Improving Patient CollectionsHealth - Beauty - Fitness - - May 11, 2020 Free
Practices and providers across the country have had to deal with difficulties ensuring all their payments are collected in full and on time. Patient’s payments are a larger percentage of practice’s revenue. According to MGMA Practice Perspectives on ...
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Improving Pharmacy Claims Reimbursements – Outsource NowHealth - Beauty - Fitness - - May 8, 2020 Free
Pharmacies continue to scrutinize their income cycle in today’s complex healthcare environment. As rising drug prices and declined reimbursements contribute to shrinking margins, pharmacy billing and coding is one place where industry leaders should ...
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Outsourcing Billing Optometry: What You Need to KnowHealth - Beauty - Fitness - - May 7, 2020 Free
When it comes to managing something as important as the insurance claims in your optometry practice, many people can be defensive of the process because it is tied directly to their revenue cycle. As a healthcare facility owner, it’s good to keep an ...
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Advantages and Disadvantage of Fee for ServiceHealth - Beauty - Fitness - - May 6, 2020 Free
There appears to be a general agreement that Fee for Service (FFS) payment is a malicious practice leading to overprovision, disorganization and uncontrollable health expenditures. The assumption is that FFS encourages physicians to deliver more and ...
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MIPS Reporting Strategy to Avoid a PenaltyHealth - Beauty - Fitness - - May 5, 2020 Free
Check the newly updated Centers for Medicare & Medicaid Services (CMS) online tool to see whether you must participate in MIPS. All you need is your National Provider Identifier (NPI) to learn if you’re required to participate in 2019. CMS will n...