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01/16/2012

Don’t assume the New Year’s onslaught of high deductible patients has to mean unavoidable headaches and cash flow problems. Instead, tackle quarter one with a pragmatic strategy that is considerate to patients’ financial situations to secure more payment from more high-deductible patients.

01/16/2012

With the whirlwind of changes regarding the industry switch to HIPAA 5010, you must make sure your practice can comply quickly with as few hiccups as possible. Keep pushing to get your practice into 5010 compliance despite CMS holding your claims for 10 days and HHS’ 90-day enforcement delay ending March 31, experts say. 

01/16/2012

Hospitals may be the driving force in the bundled payments pilot program – recruiting you and your peers as prospective partners – but the responsibility falls on you to do your research and prepare to be wooed. In order to maximize the potential benefits of cost savings and improved patient satisfaction from the bundled payments initiative, do your due diligence during negotiations with the hospitals recruiting you. 

01/16/2012

One of your biggest challenges after switching to an electronic health records (EHR) system is translating everyday paper-based routines to an EHR-compatible process. Save your practice time and money with advanced planning to head-off problems that hamper workflow, experts say.

01/16/2012

Stack your appeal letters with claim-specific clinical data and input from your physicians for the best shot at collecting on denied claims. Treat your appeals process as if you were presenting your case in court, by showing the payer all the evidence in your favor upfront, says Joan Gilhooly, CPC, president of Medical Business Resources in Lorain, Ohio. 

01/16/2012

While most practices said it was too soon to tell, of those willing to make an observation, the majority say fewer patients have been able to pay deductibles in 2012 than last year, based on 288 responses to a Part B News subscriber survey taken between Jan. 5 and Jan. 9. Practices strategize to collect unpaid deductibles mostly by sending billing letters or statements (88%) and offering a patient payment plan (79%), according to the survey.

01/12/2012

Will Medicare reimburse E/M codes for new patients,99201-99205,or established patients, 99211-99215, along with 96372(therapeutic, prophylactic, or diagnostic injection) on the same day or must modifier 25(separate, significant E/M, same physician/day) be attached?

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