The process of switching over to ICD-10 has caused a lot of stress in healthcare circles even before many companies begin to make the change. While the repeated delays in the mandate to convert record-keeping processes bring a relief to some, they also cause more confusion. These delays have generated a number of myths that need to be dispelled so that coders and billers can get on with the real work involved in moving on to ICD-10.Read More
Financial woes and indecision by the government may seem far away when it comes to medical billing management; but when it comes to getting paid, your staff needs to stay current on what's happening in D.C.
The government shutdown didn't give the regulators over at the Centers for Medicare & Medicaid Services much time off, so be prepared for their final rule making on November 27, 2013 with an effective date of New Year's day 2015.Read More
EHRs, also known as electronic health records, offer tremendous benefits for both healthcare providers and their patients, as long as they are being used effectively. The Centers for Medicare & Medicaid Services provides incentive payments to eligible professionals that can demonstrate that they meet Meaningful Use (MU) standards for certain EHR technology. The earlier that your practice qualifies to receive EHR incentive payments, the more money you stand to earn: if you qualify to earn your first payment this year, you can still get paid as much as $39,000 through 2016, not counting the maximum $780 loss, due to the effect of sequestration on Medicare payments.Read More
As the Centers for Medicare & Medicaid Services, CMS, contemplates yet another pay cut to CT and MRI providers, the Radiology Business Management Association, RBMA, steps up to oppose them. Since 2006, there have been 12 radiology billing adjustments for imaging services with nine of those cuts directly affecting the technical component. Next year, the agency will provide new rules that affect radiology billing as part of the 2014 Medicare Hospital Outpatient Prospective Payment System, HOPPS and the 2014 Medicare Physician Fee Schedule, MPFS.Read More