What the Stage 3 Meaningful Use Rule Means for Physicians, Practices and Healthcare
CMS recently released its Stage 3 Meaningful Use proposed rule and it appears to address some of the most vocal criticism from industry stakeholders regarding final rules for Stages 1 and 2. The new rule aims to: * Simplify meaningful use reporting periods * Promote greater EHR interoperability * Drive more and better healthcare analytics
Time to Outsource Key Medical Billing and Collections Tasks? [See Checklist.]
Change may not always be easy, but for many practices outsourcing the more tedious medical billing and collections duties to experts can save time and boost profitability. Many times outsourcing also frees up your staff to focus on other important practice duties — including more patient engagement and interaction. But how do you know […]
3 Advantages to Outsourcing Your Medical Practice Revenue Cycle
Do you have a general sense that you’re not receiving all the revenue you earn? Is the upcoming switch to ICD-10 coding only adding to your anxiety? You’re not alone. Less than one in three physicians believe their billing and collections processes will be ready for ICD-10 implementation, according to the Practice Profitability Index survey […]
How a March Madness Approach Can Help You Make Better Software Decisions
The 2015 NCAA men’s basketball tournament kicks off this week with 68 teams competing for the championship. Predicting the winner isn’t easy, even for the most die-hard fans of men’s college basketball. There’s a method to the “March Madness,” however, that researchers say could help anyone faced with an important decision and several choices. A […]
Shelf Life: Can You Delete or Destroy Old Records & EOBs?
Madelyn Young contributed to this post When I went for a recent annual checkup, my doctor came into the room carrying a tablet on top of a folder of paper records. I asked about the paper files, and she said her medical practice keeps them and will rely on electronic health records going forward. This […]
5 Medical Billing Mistakes That The Most Profitable Practices Avoid
Avoiding all medical billing errors may be impossible — especially in busy offices where details can get lost in the shuffle. However, by focusing on stopping the most common medical billing mistakes, you can make the most of your staff’s time and maximize practice revenue. Medical billing experts Alice Scott and Michele Redmond identify common […]
How to Manage Overpayments: Paying Back Patients & Payers
Sometimes a medical practice gets reimbursed too much money for services provided, which leads to an overpayment. The insurance carrier usually makes the overpayment, but sometimes patients pay too much for a particular service too. In either case, promptly return the overpayment to the appropriate person or payer. If a patient pays more than required, […]
Apple ResearchKit Aims to Drive Medical Research Forward
Amidst all the buzz about the new apple Watch, Apple also announced its new ResearchKit — which holds the potential to affect many people’s lives by revolutionizing medical research. “Perhaps the most profound change and positive impact that iPhone will make is on our health,” Apple CEO Tim Cook said during a March 9, 2015 […]
CMS Shows Encouraging Signs of Greater Flexibility on Meaningful Use
It’s almost as if CMS made a new year’s resolution to be more flexible on Meaningful Use. In January, the agency announced it will consider cutting the 2015 mandatory reporting period to 90 days — perhaps in response to numerous complaints from physician groups that 365 days of attestation would be just too difficult to […]
3 Reasons Patients Love EHRs
Even if Meaningful Use incentives do not drive your practice to adopt a new EHR, consider upgrading for patient satisfaction and engagement. Increased productivity, reduced costs, better care coordination – you probably know many of the EHR benefits from the provider perspective. But what’s really in it for your patients?