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With ICD-10 officially one year away, a few questions should be on your mind. Have you started researching the most commonly used CPT codes? Do you have a training plan in place for your staff? Will your health IT vendor’s
The promise of data is huge – enormous clinical and financial rewards, less work, quantifying patient health habits, and some form of IBM’s revered Watson supercomputer in every practice. The 2012 U.S. Hospital Health Data Analytics Market report revealed that
Although having your calls forwarded to a medical call center may seem like an inconvenience to patients, there are circumstances under which contracting a call center could be advantageous to both your practice and patients. With call center services, patient
Each specialty brings a distinctive set of challenges and, therefore, requires different software capabilities. So PYP has focused special attention on certain specialties by publishing a series of articles that concentrate on the current state of each specialty and the
When a patient receives a prescription from a physician, it’s assumed the patient will follow it. But the likelihood of the patient actually adhering to their prescription is pretty much a coin toss. Experts estimate that only 50% of patients
By getting patients to take on some of the financial responsibility for the use of services, copays are the insurance companies’ way of discouraging unnecessary medical treatments. Procuring copays, however, isn’t always easy. And the truth is, during this time
The micropractice concept is a relatively simple one to grasp. Micropractice physicians aim to streamline their practice as much as possible by reducing practice costs down to the bare essentials. The traditional micropractice consists of a single physician with only
Defective revenue cycles are like faulty fuel lines in your car. They leak the juice that keeps your practice running properly. Without a healthy stream of revenue coming in, your practice will eventually break down. Denied claims, underpayments, and patients
Doctors who employ nurse practitioners (NPs) and physician assistants (PAs) may soon become the focus of increased scrutiny, as the U.S. Department of Health and Human Services (HHS) has announced plans to monitor Medicare covered services performed by non-physician
While billing mistakes are a common occurrence, if you’re above a 4% denial rate, the MGMA thinks it’s time to reconsider your billing strategy. Manual errors, input oversights, and/or coding issues are normally at the root of costly claim denials.
