Clinical, Financial and Administrative Insights For Physicians

6 Questions You Must Ask Your EHR Vendor to Optimize your EHR for MACRA

Posted by Suzanne Prasad

What is MACRA?

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) marks an entirely new era in physician reimbursement—one characterized by quality, cost containment, and population health management. MACRA essentially shifts Medicare payments from fee-for-service to pay-for-performance that rewards participation in risk-bearing payment models.

To participate in MACRA, physicians must choose one of the following two tracks:

  1. Advanced Alternative Payment Models (APM)
  2. Merit-Based Incentive Payment System (MIPS)

The choice that physicians make today will affect their payment beginning in 2019. Physicians participating in MIPS will see a sliding-scale bonus or penalty ranging from 4% in 2019 to 9% in 2022. The bonus or penalty derived from 2017 data is based on a composite score that includes these components: Quality measures (60%), advancing care information (25%), and clinical improvement activities (15%). Physicians participating in APMs will see a bonus of 5% of Part B professional services payments between 2019 and 2024.

Read More

10 Questions To Ask Before Selecting the Right Fit Medical Billing Software for Your Practice

Posted by Suzanne Prasad

Choosing the right medical billing software for your practice is one of the most important decisions you'll make when it comes to managing your cash flow. After all, billing is at the heart of your revenue cycle—when it's going well, the results show in your bottom line. 

But selecting the right medical billing software is a challenge; there are easily hundreds of options available. If you're trying to choose the right-fit software for your practice, here are 10 tips to help you decide. 

Read More

Top 3 EHR Compliance Risks - How to avoid Auditor Scrutiny?

Posted by Suzanne Prasad

EHRs provide physicians with many benefits; however, there are also compliance risks inherent in the technology. Physicians must be aware of these risks and take steps to address them, said Sandy Giangreco, RHIT, CCS, CCS-P, RCC, CPC, COC, CPC-I, COBGC, coding compliance audit senior manager at CHAN Healthcare, and Kim Huey, MJ, CHC, CPC, CCS-P, PCS, CPCO, independent coding and reimbursement consultant.

Giangreco and Huey both spoke during the 88th annual American Health Information Management Association’s (AHIMA) convention held October 16-19, 2016 in Baltimore, MD.

This article addresses several compliance vulnerabilities that Giangreco and Huey discussed and provides tips on how to mitigate risk.

Read More

Medicare Overpayments: 6 Tips to Comply with CMS’ New Rule

Posted by Suzanne Prasad

If you find an overpayment, don’t expect to keep it. That’s because physicians must report and repay Medicare overpayments within 60 days of identifying them, according to a final rule that took effect March 14, 2016. This includes overpayments identified within six years of when the overpayment is received.

Do not forget the top 6 tips (given below) that will help physicians identify what could constitute an overpayment and how they should report overpayments as they discover them.

Read More

EHR Interoperability & National Patient Identifier - Are they Related? If so, how?

Posted by Suzanne Prasad

With a population of more than 321,000,000 people, it’s not surprising that patient identity mix-ups continue to plague the U.S. healthcare industry. The push for electronic health record (EHR) interoperability has only magnified the problem. Without a unique national patient identifier (NPI), the likelihood for errors and patient safety implications grows significantly as providers continue to engage in larger-scale health information exchange (HIE).

This article addresses four important questions about the NPI and what it could mean for EHR interoperability.

Read More

(Updated) Primer on Modifier -25? Use it but don't abuse it.

Posted by Suzanne Prasad

When used appropriately, modifier -25 can enhance revenue for a physician practice. That’s because reporting this modifier allows physicians to bypass an Outpatient Code Editor (OCE) edit to receive additional payment. However, physicians must understand the rules regarding this modifier—and the documentation required to support it. No physician wants to discover after the fact—during an audit—that he or she must pay the money back.

Here are some facts about modifier -25 that can help physician practices maintain compliance.

Read More

Struggling with Practice Revenue Streams? Here are 10 top ways to revitalize them

Posted by Suzanne Prasad

Many practices are struggling to do more with less revenue, due in part to changes in the Affordable Care Act, shifts in reimbursement models, and an increase in consumerism in the health care landscape. In fact, Forbes recently reported that the average provider (across all medical specialties) is seeing top line revenue drop by over $50,000 per year since the health reform law went into effect.

If you're looking at anemic revenue streams, there are steps you can take to revitalize your existing streams and explore new options to beef up your bottom line. Here are 10 steps any practice can adapt and use to bring more revenue through the door.

Read More

Comprehensive Guide to MACRA Implementation : Proposed Rules Simplified For You

Posted by Suzanne Prasad

Data collection in calendar year (CY) 2017 will form the basis for CY 2019 physician payments under the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Model (APM) incentive regulation, according to a proposed rule released on April 27. The 900+-page rule specifies implementation details of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). CMS has also published a fact sheet summarizing the rule.

Read More

Cloud-based EMR vs. Client -Server based EMR - What Is Right for Your Practice?

Posted by Suzanne Prasad

The explosive growth of Software as a Service (SaaS) technology has opened the door for even small and medium-sized practices to access a full-featured EMR systems without the major investment in infrastructure that accompanies any client-server based EMR (aka server-based EMR). This makes Cloud-based EMR (aka web-based EMR) very attractive for groups who want to implement a new system or upgrade to a more robust EMR. But each of these two types has its own strengths and weaknesses, so it's important to understand how each works with your practice and your ongoing needs. Here's what you should know before you reach a final decision. 
Read More

7 Remarkably Easy Tips to Prevent and Manage Claim Denials

Posted by Suzanne Prasad

‘Denial’ and ‘rejection’ are two words that no physician wants to hear. Yet, the unfortunate reality is that many physician practices lose money every day to claims that fail to meet payer requirements, Yvonne Dailey, CPC, CPC-I, CPB told attendees at the 24th annual HEALTHCON conference sponsored by the American Academy of Professional Coders. The conference, held in Orlando, Fla. last month, drew nearly 2,700 medical coding professionals.

During a presentation about denial management, Dailey spoke about how denials and rejections have only increased over time due to the increase in the number of carriers nationwide, each of which has its own nuances and rules for payment.

Read More

New Blog Updates by Email

New Call-to-action

Free EHR Software Replacement eBook

Contact Us

Browse by Tag