MedRev Index Tops List of Financial Growth Indicators for Optimal Medical Practice Billing
You've heard the old adage "cash is king." Many believe it's the sole indicator of financial health for their practice's healthcare revenue cycle management. What may come as a surprise is that cash flow isn't the only measure of medical practice billing profitability that reigns supreme. You may know how [...]
Averting a Coding Emergency: ICD-10 Updates from CMS Avoid Confusion in Medical Coding and Billing
Emergency medicine coding and billing can be more than a little confusing, especially when updates and clarifications are happening practically every day. Take CMS for example. Recently, they released several important clarifications because there's been some confusion and frustration regarding the codes in Chapter 20, External Causes of Morbidity (V, [...]
One Healthcare Change Calms Nerves: Revenue Bridge Offers Seamless Medical Practice Billing Transition
Let's face it, transitions are nerve racking, whether they are in life or in business. Many healthcare officials believe the 2,700 page Affordable Care Act (ACA), with its 12,000 pages of regulations, is leading to even more uncertainty. Just how will the transition to the ACA work, and how will [...]
Is your Neurosurgery Coding and Billing Compliant Enough? 10 Questions to Ask
Imagine this scenario: You receive a call from your Neurosurgery practice staff. There's an OIG investigator in your office making a spur of the moment house call. Just what exactly would he or she find? In Neurosurgery, you're vigilant when it comes to expecting the unexpected in the practice of [...]
Is your Radiation Oncology Coding Compliance being Taken Seriously Enough? 10 Questions to Ponder
If an OIG investigator were suddenly to appear on your Radiation Oncology practice's doorstep, would you be prepared for the scrutiny? You may very well be waving compliance red flags in your Radiation Oncology revenue cycle management—and not even know it—that send messages your compliance is not being taken seriously [...]
Assured Return Offers Medical Practice Billing Advantage and Mitigates Healthcare Risk
"At risk." Two words that might just make you think twice about the practice of medicine. But once you know what the biggest risks are to your medical practice and how to mitigate them, you'll actually have the advantage. Risks for medical practices and physician medical billing are continually evolving. [...]
Seeing Red? Tips for Better Coding Help Stop the Bleeding, Increase Control of Radiology Revenue Cycle Management
Did you ever think the words "hemorrhaging" and "vulnerable" would pertain to your radiology coding and billing? More than likely, they do. That's because your healthcare revenue cycle management is actually more susceptible to errors which, when you add them up, can cost as much as a full time radiology [...]
Claim Denial Again: Why Your Urology Medical Coding and Billing are at Risk
Few things are more frustrating than providing care to a patient expecting fair payment in return, only to be informed that your Urology medical practice coding and billing claim is being denied because the payer doesn't think the service was medically necessary. You've ensured your revenue cycle management process is [...]
Medical Necessity for Joint Replacements Requires Heightened Orthopedic Medical Coding Documentation
How often are you faced with denied claims for joint replacements or those slow to be reimbursed because medical necessity is being reviewed or questioned? One of the most challenging aspects of your orthopedic surgery practice these days is when you provide a service to a patient who genuinely needs [...]
New ICD-10 Codes Include ‘Bizarre’ Ones Rarely Used in Medical Practice Coding and Billing
The growing pains of transitioning to ICD-10 can only be surpassed by the pain of adding a slew of new codes that are far from the standard run of the mill ones you utilize every day. Among the 68,000 new ICD-10-CM diagnosis and procedure codes (compared to 18,000 in ICD-9), [...]