8 days to go till ICD-10 replaces ICD-9. Your software vendors and most of the large payers are probably ready by now. As for you: Train Practice and repeat Your change management skills will be tested on the big day. Don’t let nerves take over. The best way to keep nerves at bay is to know Read more…
Medical Billing Service
Physicians’ Fears about ICD-10 are unfounded, CMS explains
Two recent updates: CMS has compiled a list of things you should know about ICD-10. They focus on how the transition is not as hard as it is being trumped up to be. CMS will run ICD-10 acknowledgment testing from June 1- 5, to give providers a chance to test their ICD-10 procedures before October. This will Read more…
Are You Ready for #HIMSSanity?
The Oscars of Health IT, as my boss likes to call it, is less than a week away. I personally believe that HIMSS is more like the Golden Globes; you actually get to party while working and networking with your peers, rather than be suffocated by the air of formality which seems prevalent at the Read more…
Increase Your Patient Collections
Consider how a patient feels when they can’t pay your statement. Most will attempt to avoid your reminders and phone calls, and might avoid coming back to your practice altogether. So not only have you not collected what you’re owed, but you’ve also lost the patient. Having a patient friendly collections process for your patients is essential Read more…
ICD-10 Transition: How to spend the next 28 weeks?
They did it once, what’s the guarantee that they won’t do it again? Like many physicians, I have asked myself the same question while contemplating ICD-10. Is it worth spending so much time and money in preparing for a transition that has not taken place for the last three years? While contemplation is not a Read more…
Don’t Lose Your Revenue to Patient Collections
This is the second article in a series of ‘Billing Issues’ that practices around the nation are facing. The healthcare industry has gone through significant changes over the past decade, including an increase in deductibles, which has effected payment collections. In the midst of these changes, keeping a steady cash flow for a practitioner is Read more…
Should a Practice Outsource Billing to Prepare for ICD-10 Challenge?
Every practice across the country will send out claims based on ICD-10 codes starting October 1, 2015, if they want to get paid for services rendered. The updates are massive; as will be the adjustments you’ll need to make to meet this challenge. Are you equipped for these workflow changes? And is outsourcing your medical billing the Read more…
5 Questions To Ask a Medical Billing Service in 2015
This article is the first in a series of ‘Billing Issues’ that practices around the nation are facing. Providers are straining to meet the stringent requirements of ICD-10, Meaningful Use Stage 2, PQRS and other programs, in order to avoid government penalties and earn more revenue. To do so while dealing with time and resource Read more…
Don’t Deny your Denials: What do Denials say about your practice?
A typical Medical Practice can easily lose 7%-10% of its revenue to denied claims that could successfully be amended and resubmitted. Add to that the difficulty, at times the impossibility, of collecting directly from patients, and you’d be able to comprehend the extent of revenue you are losing despite enhanced workload. Patient collections might be Read more…
How to improve your patient collections?
Medical practices need to be very careful about their billing. A weak billing department does not only impact revenues but also leads to dissatisfied patients, affecting your practice’s reputation. Thus, improving the business end of your practice should be a top priority. We at CureMD realize that doctors are not accountants. Thus, this article has Read more…