Article 2 in a series: Ambulatory anesthesia providers resolve value-based payment issues. The first article in the series, The Ambulatory Anesthesia Value-Based World, addressed the problems associated with achieving effective results in the world of value-based payment models and ambulatory anesthesia. This report features what practitioners are doing to resolve the issues and achieve desired…
MACRA: Medicare Access and CHIP Re-authorization Act Understanding The Quality Payment Program & Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) MACRA: The Medicare Access and CHIP Re-authorization Act of 2015 is the new CMS (Centers for Medicare & Medicaid Services) program that consolidates together the Physician Quality Reporting System (PQRS), Value-based Modifier (VBM),…
Small practice positives and challenges regarding the implementation of MACRA There are positives and challenges for the small practice regarding the implementation of the Medicare Access & CHIP Reauthorization Act (MACRA). Small practice positives with MACRA The flexible “pick your pace of participation” route permits practices to report one active quality measure per provider for…
5 Top Reasons Healthcare Analytics Add Value We live in a society where information is at our fingertips at all times. If you ever want to know an answer to a question, you just ask Siri or Google. So why not have that information for your practice as well? Having worked in the technology field…
3 Top Ways Healthcare Providers Can Increase Revenue and Profits How can I increase my profits? This is a question I hear quite often from providers and practice organizations. With the healthcare shift from fee for service to value-based, Revenue Cycle Management is becoming more essential than ever before. Providers may now be experiencing larger…
Top 3 Benefits of In-House vs. Outsourcing Medical Billing: A Practice Manager’s View Having 30 years of experience as a Medical Practice Administrator dedicated to managing medical practices which did billing in-house, I would like to share the benefits of outsourcing versus in-house medical billing. People can click here to get a medical billing and…
Top 3 Effective Solutions to Diminish Healthcare Accounts Receivables There are three top effective solutions for diminishing healthcare accounts receivables. On any given day, medical practices are inundated with administrative responsibilities such as scheduling, patient registrations, patient eligibility and coverage verification, pre-certification, patient payments, coding, billing, denial management, and not to mention office staff issues….
Healthcare Revenue Analysis: Gaining Insight and Perspective Time is valuable as a provider. You may only have a few moments between patients or with the office administrator. Therefore, why spend an endless amount of time peering at reports for your medical practice. Transparency is defined as when a medical practice firm supplies your healthcare practice…
Fact: Every medical organization has experienced those pesky claim denials. Medical claim denials are a hassle and can often lead to financial difficulties. The good news is, many medical denials can be prevented and can be easily avoided. Approximately 90% of denials within any healthcare organization are preventable. The bad news is, there will always…
“I’m concerned about leaving money on the table, so how do I get my A/R down and turn that A/R into money in the bank?” Earlier today, a practicing physician came to me and asked me a common and relevant question I hear all of the time. Chances are, if I’m hearing the question more…