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In This Issue:
Latest from Kareo
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Strategies for Successful Denial Follow-up in Medical BillingBy Sara M. Larch, MSHA, FACMPE
In early May, Elizabeth Woodcock presented a Kareo webinar on “Denial Management: Strategies to Improve Cash Flow in Medical Billing.” She presented excellent information on denial prevention and denial management and included a sample appeal letter. Now, let’s spend some time looking at strategies to improve the success of your denial follow up processes...
Read More Complimentary Webinar:
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You've been hearing about the switch to ICD-10, but you'd like to know more about the diagnosis coding and how to plan training for your staff to make sure the conversion goes smoothly. Find out what you need to know in this practical webinar. Nancy Maguire, ACS, PCS, HCS-D, author of the Nancy Maguire GPS to ICD-10-CM Planning and Implementation Guide and leading expert on ICD-10, will walk you through the nitty-gritty of diagnosis coding with ICD-10 and how to make a smooth transition for your practice. |
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You'll Gain Insights on:
- What are the differences between ICD-9 and ICD-10?
- What is the new structure of coding with ICD-10?
- How should you plan training for your staff?
- What are the five steps your practice should take now?
- And much more
Benchmarks for Your Medical Practice: A Vital Part of Critical Practice Analysis
By Bhagwan Satiani, MD, MBA, FACS, FACHE
Even with great effort, none of the commonly utilized financial tools necessary for critical practice analysis, including charges or cost per relative value unit (RVU) or work RVU (wRVU), revenue per RVU, break-even fees, practice expense RVU (peRVU) and profitability, may be in line with national benchmarks. There is always room to improve. Here are the most common indicators of value to any practice that need to be monitored and compared to benchmarks... Read More
Best Practices:
12 Steps to Avoid Embezzlement in Your Medical Practice
By Judy Capko
Medical practice embezzlement war stories confirm the existence of clever thieves that steal from the medical practice they work for. It is devastating at both an emotional and financial level to discover a trusted employee has betrayed you. Here are some tips on how to protect your practice from an embezzlement scheme... Read More
ICD-10 Training Camp:
Where Do You Begin with ICD-10 Preparation?
By Nancy Maguire, ACS, PCS, FCS, HCS-D, CRT
The decisions on a course of action for transitioning to ICD-10 diagnosis codes must start now; not tomorrow, or the day after, but right now. If you are the individual tasked with this responsibility, you must decide how training will be scheduled, who will receive training and to what extent, and how progress will be monitored... Read More
Learn How to Streamline Your Medical Billing -
You Are Invited to a Special Demo of Kareo
You are invited to join us for a complimentary demo webinar on How to Streamline Your Medical Billing with Kareo medical billing software on Tuesday, June 21. We hope you will join us. During this informative webinar, you'll hear about a special offer that will allow you to get 30 days of Kareo free of charge, plus you'll learn how Kareo can help you improve your profitability and productivity with... Read More
Case Study“Excellent Organization and Communication are Essential. That’s What I Get with Kareo.”
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Case Study“My Philosophy Is, Take Time, At the Time, to Get It Right the First Time. Kareo Makes That Easy for Billing Professionals.”
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Billing Tip of the Month
Efficiently Handling Patient Balances in Kareo
Walter LeGrand, ECCOHealth, LLC
We are using Collection Category task in Kareo to track the status of patient balance more efficiently. We have set the collection categories of... Read More
Top News and Ideas from Industry
CMS to Publicly Report Provider Performance
Mary Mosquera, Government Health IT, June 03, 2011
The Centers for Medicare and Medicaid Services (CMS) intends to allow certain organizations access to Medicare claims data to produce public reports that will offer consumers and employers a more accurate snapshot of the performance of physicians and hospitals... Read More
OIG: Medicaid and Medicare Fraud Investigations May Net $3.4B
Molly Gamble, Becker’s ASC Review, June 3, 2011
The Office of Inspector General has announced $3.4 billion in new expected recoveries related to its investigations, audits and other probes, mostly related to Medicare and Medicaid, according to an OIG news release... Read More
Medicare Physician Fee Schedule Updates Include Changes to HCPCS Level II, CPT Code Descriptors
Rachel Fields, Becker’s ASC Review, June 2, 2011
Updated payment files for the Medicare Physician Fee Schedule were released to contractors on May 20 and include several changes to HCPCS Level II and CPT code descriptors and payment indicators, according to an AAPC release... Read More
Compliance Newsletter Clarifies Recent RAC Findings
AAPC News, June 10, 2011
A variety of payment issues that affect inpatient rehabilitation facilities, physicians, non-physician practitioners (NPPs), radiology suppliers, and inpatient and outpatient hospitals are covered in the April edition of the Centers for Medicare & Medicaid Services’ (CMS’) freely distributed Medicare Quarterly Provider Compliance Newsletter. Billing staff should be on the lookout for… Read More
Helpful Hints for Crosswalking ICD-9/ICD-10 Codes
AAPC News, June 10, 2011
“What You Should Know About the GEMs,” an article published in the May 24 issue of the Centers for Medicare & Medicaid Services’ (CMS’) Daily Digest Bulletin, explains how to use the GEMs provided by the agency. GEMs are tools that act mainly as a crosswalk between ICD-9 and ICD-10 diagnosis codes, allowing you to look up an ICD-9 code and be provided with the most appropriate ICD-10 matches and vice versa… Read More
Common Coding Myths May Put Profits and Practices at Risk
Mary Service, Diabetes Options, May 2011
Correct coding has significant consequences for physician billing and practice. There are a number of coding myths, however, that can jeopardize practices and reduce the amount of revenue for which they can bill. Given the zeal shown by federal agencies and health insurance companies to recover improperly paid bills, it is essential that medical professionals are careful and correct in their coding practices… Read More
Greening Your Technology: A High-Tech Way to Save the Planet
Pamela Lewis Dolan, Amednews, June 6, 2011
Physicians can reduce their practices' carbon footprint -- and their expenses -- when they buy the right technology and use it in an eco-friendly way. This includes reducing wasted energy by adopting certain habits with technology use… Read More
Assembling a Robust Revenue Cycle Team: How to Hire and Retain Great Billers, Coders and Collectors
Leigh Page, Becker’s ASC Review, May 27, 2011
Although focused on ASCs, this article offers 14 tips for assembling the best revenue cycle team that apply to most practices, including 1) Hire an adequate number of staff, 2) Pay revenue staff well, 3) Make sure they are IT-savvy, 4) Allow coders to specialize, and more... Read More
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