Warning: Only 100 Working Days of ICD-10 Preparation Left

The month of May brings us to the final 100 working days until the ICD-10 implementation. And sure, 100 sounds like a lot, especially if you’re talking about days left until a vacation or the number of unread emails in your inbox. However, when your practice is faced with only 100 remaining days to prepare for a major industry transition like ICD-10, 100 can seem like a small number.
Read More

Webinar Recording Now Available: Debt Collection – Getting What You Are Due

Thanks to everyone who attended our webinar, Debt Collection: Getting What You Are Due, on May 19th. During the webinar Laura Palmer, BS, FACMPE, discussed the practice steps, tools and scripts practices should implement to improve collections.

To learn more, click here to download a recording of this webinar. After you’ve listened, let us know if you have any questions or comments.

Are You on a “Need to Know” Basis With Value-Based Reimbursement?

The phrase “on a need to know basis” usually conjures classified files and shadowy figures giving top-secret orders. Applied to value-based reimbursement (VBR), however, practice managers may often consider everything they “need to know” but don’t yet. The phrase can seem overwhelming rather than secretive. Shouldn’t they need to know everything when it comes to VBR? And with a topic so complex, is it even possible to know everything?

More than just a new reimbursement model, VBR is already creating substantial changes across the healthcare industry. Payers are testing and modifying VBR models. Clinicians are reviewing outcomes data and making protocol improvements. Practice teams are collaborating cross functionally to modify both clinical and financial processes. Read more

Boosting Revenue through Data Analytics Diagnoses

Today’s patients often arrive at physician appointments with very specific questions, such as: “My anti-depressant makes me sleepy but I’ve read this one won’t. Can I try it?” or “Why do you think I have bursitis rather than arthritis? Here’s a list of arthritis symptoms I’m experiencing.”

Thirty years ago, most patients weren’t armed with such detailed information. What changed? Knowledge. Or more specifically, unprecedented access to health information via the Internet. Similarly, physician practice leaders can now leverage a wealth of data from their HIT systems. Data analytics can uncover and fix problems you didn’t know existed – problems that may be hindering revenue. It can fuel efforts to reduce denials and rejections, identify problematic procedures and services (for instance, the codes prone to reimbursement issues) and improve contract negotiations. Read more