Billing & Coding

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Four Deal Breakers for Physicians When Selecting a Financial Planner

Four Deal Breakers for Physicians When Selecting a Financial Planner

Physicians that are seeking out a financial planner should never take the selection process lightly. In fact, there are several red flags that physicians need to watch out for. They include:• Commission-based payment• Inadequate experience• The wrong personality• Lack of accessibilityLet’s ...
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Five Often-overlooked Benefits of the ICD-10 Transition

Five Often-overlooked Benefits of the ICD-10 Transition

Many people focus on differences between ICD-9 and ICD-10 and the problems that ICD-10 may cause. However, there are many benefits of moving to ICD-10. Here are some of the biggest:1. Reduced denialsAppropriate clinical documentation will be critical to selecting the correct diagnos ...
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Analyze Medical Practice Work Flow to Prepare for ICD-10

Analyze Medical Practice Work Flow to Prepare for ICD-10

There are only months left until ICD-10 implementation, but nearly 75 percent of physician practices haven’t even started their transition plan. According to a recent Navicure survey of practice administrators, executives, managers, billers, and coders, 27 percent of the respondents said they di ...
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ICD-10 Implementation Looms: Preparations

ICD-10 Implementation Looms: Preparations

Categories Billing & Coding
On Oct. 1, 2014, the ICD-9 medical coding sets you’re now using to report inpatient procedures and medical diagnoses will be replaced by a new set of codes. With the failed rollout of HealthCare.gov still fresh in their minds, many medical groups have been pushing for a delay. But those pleas have ...
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IT & The Promise of Patient Centered Healthcare

IT & The Promise of Patient Centered Healthcare

Categories Billing & Coding
How is health IT enabling the model of efficient, patient-centered and information-driven healthcare envisioned by the Institute of Medicine more than a decade ago? For starters, better healthcare starts with better information.A fundamental transformation is underway, driven by the widespread adop ...
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2014: The year ahead in healthcare business

2014: The year ahead in healthcare business

Categories Billing & Coding
While the coming year in healthcare will be strongly shaped by the sweeping provisions of the Patient Protection and Affordable Care Act, 2014 also will be notable for a continuation of trends that predated President Barack Obama'slandmark law.Providers will continue to confront cost containment a ...
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Health IT in 2013: A Year in Review

Health IT in 2013: A Year in Review

Categories Billing & Coding
This past year has been a big year for health information technology and sets the stage for 2014 to be a pivotal time as IT plays an integral part in healthcare transformation.One of the biggest stories of the year was the disastrous launch of healthcare.gov. I think this has been more than adequate ...
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ICD-10: More Questions than Answers

ICD-10: More Questions than Answers

Categories Billing & Coding
Only 273 days away from New Year’s Day, medicine as we know it will change drastically. As much as we would hope for another delay, there are promises that ICD-10 will not be delayed any longer. It is really hard to know who and what to believe about ICD-10, but one thing is sure: It’s going to ...
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Be Aware of Heightened Scrutiny of EHRs

Be Aware of Heightened Scrutiny of EHRs

Categories Billing & Coding
In December 2013, HHS' Office of Inspector General (OIG) issued a report entitled "Not All Recommended Fraud Safeguards Have Been Implemented in Hospital EHR Technology." The government conducted the study in response to a concern that EHRs, which are quickly replacing traditional paper medical re ...
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Tips for Increasing Employee Engagement

Tips for Increasing Employee Engagement

Categories Billing & Coding
Perception is reality. This is especially true in a patient's experience of a medical practice.Most patients have no reliable method of evaluating the care they receive, so they rely upon a proxy: How does the practice make them feel? If the practice makes them feel valued, respected, and cared for, ...
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