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In This Issue:
Latest from Kareo
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Patient Collections: Optimizing Your OutcomesBy Elizabeth Woodcock, MBA, FACMPE, CPC
With the lingering economic recession, the challenges to your collections process continue to mount. To get shelter from the storm, try these proven strategies to strengthen the outcomes of your collections process… Read More Complimentary Webinar: Managing Your Medical Billing Team - Get the Performance You Expect
Thursday, September 15, 2011
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Case Study“I feel like we picked the best software possible. Not only because of what it does, but because of the support.”
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Case Study“Having an open line of communication between the practice and the billing office is a necessity, and Kareo bridges that gap.”
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Billing Tip of the Month
How to Get Updated Patient Addresses Easily in Kareo
Myriam Nieves, Texas Institute of Dermatology, Laser and Cosmetics
Sometimes patients forget to update their address with your doctor's office, so when you send them a bill, it comes back as "Return to Sender." I've found that patients usually are interested in updating their address with their insurance company because they want... Read More
Top News and Ideas from Industry
Nearly All Physicians Must Revalidate Medicare Enrollment by 2013
Charles Fiegl, Amednews, Aug. 29, 2011
Roughly 750,000 physicians in the Medicare program soon will be asked to revalidate their individual enrollment records during a massive anti-fraud effort required by the health system reform law… Read More
Employers Say They Will Shift More Health Costs to Workers
Emily Berry, Amednews, Sept. 5, 2011
Many executives at large companies said they will continue to push more health insurance costs onto their employees in 2012 -- and that could mean even more patients delaying visits to their physicians… Read More
AMGA: Physician Practices Falter on Thinning Margins
John Commins, HealthLeaders Media, Aug. 17, 2011
Physician groups across the country operated at a significant loss in 2010, thanks largely to dwindling Medicare reimbursements, according to the American Medical Group Association's 2011 Medical Group Compensation and Financial Survey… Read More
CBO Report Links Debt Reduction to Medicare Pay Cuts
Doug Trapp, Amednews, Sept. 1, 2011
The nation's debt as a share of the economy could be reduced several percentage points by 2021, but only if Congress allows a number of current-law policies to take effect, including a 29.5% Medicare physician pay cut in 2012, according to a Congressional Budget Office report… Read More
Medicare Unveils Bundled Payment Models to Start in 2012
Charles Fiegl, Amednews, Sept. 5, 2011
Payment bundling for physicians and hospitals is the latest Medicare initiative that aims to improve quality and coordination of care. Physicians and hospitals will be collaborating to bid on providing high-quality, low-cost inpatient and postdischarge care to Medicare patients… Read More
Feds Nab 91 Suspects in Medicare Billing Schemes Totaling $295M
John Commins, HealthLeaders Media, Sept. 8, 2011
Federal authorities on Wednesday detailed an eight-city sweep by the Medicare Fraud Strike Force that netted 91 suspects for various fraud schemes involving false billing. The value of the sweep represented the single highest amount of false Medicare billings in the four-year history of the Strike Force… Read More
$1 Billion Spent to Fight Medicare Fraud in 2010
Charles Fiegl, Amednews, Sept. 8, 2011
The Medicare program spent $1 billion fighting fraud and ensuring the accuracy of payments for health care services in 2010, according to a new government study. The program is praised for its efforts but still lost $48 billion to fraud last year. Physicians worry that legitimate billers could be targeted… Read More
MPFS Update: Dozens of Payment Indicator Changes
AAPC News, Aug. 31, 2011
Effective Oct. 3, Medicare contractors will implement an updated Medicare Physician Fee Schedule Database (MPFSDB), according to the Centers for Medicare & Medicaid Services (CMS). Just under 50 codes will receive payment indicator changes in various categories… Read More
CAC & ICD-10: How to Evaluate What CAC Can Do for Healthcare Providers
Carl Natale, ICD-10 Watch, Sep. 7, 2011
There is a real concern that ICD-10 will create strong productivity losses and increases in claim denial. I say claim denial is a real concern not because of a conscious effort by payers to reduce reimbursements. But it is very likely that some diagnoses and procedures won't be coded accurately after Oct. 1, 2013. That's going to affect productivity and revenue… Read More
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