As we head into 2013, many practices are continuing to prepare for imminent challenges (Meaningful Use) and farther reaching massive updates (ICD-10). We wanted to recap some of the most popular posts from 2012 since each one can help your practice prepare for these changes in the New Year.
- Leveraging Days in A/R to Assess Financial Stability – It’s no surprise this post was one of the most popular of the year—clinicians and billing professionals alike know measuring cash flow is essential to making sure their practice is financially healthy. This post describes how to measure and improve days in A/R, as well as the other key metrics to measure to help ensure optimal revenue cycle success.
- Successfully Surfing the Self-Pay Wave – During the past few years, patient self-pay as a percentage of total healthcare revenue has nearly tripled. This increase means practices must be able to handle a different payment model. This blog post gives quick tips on how to successfully ride the self-pay trend and prepare for other reimbursement changes and trends.
- The Possible Consequences of Not Being in Full Compliance – Practices must comply with countless laws and regulations to make sure they receive full reimbursement for patient care services. This post outlines some best practices for compliance and how technology can help make it a little easier.
- Reimbursement Reality: Clearing up the Confusion About Medicare – Medicare reimbursement can be a little confusing for practices, especially as it relates to health risk assessments, annual wellness visits, electronic health records and electronic prescribing. This post outlines these topics and provides links to resources with more in-depth information.
- Top Five Rejections Related to HIPAA Version 5010 – Though the HIPAA 5010 implementation deadline has come and gone, practices should still monitor how the new transaction standard is impacting claim rejections and cash flow. By reviewing rejection rates, practices can start to benchmark for ICD-10 and know if any problems occur after the transition.
In 2013, we’ll continue posting about topics that can help your practice streamline operations and improve performance. As always, feel free to let us know if there are specific topics or issues you’d like us to include—just leave us a comment in the box below!