Latest from Kareo

Key Performance Indicators for Medical Billing

By Elizabeth W. Woodcock, MBA, FACMPE, CPC

In today's challenging reimbursement era, there seems to be no end in sight to the complexities of medical billing. Despite the obstacles, you have to be on top of your game to ensure that collections are optimized. There's always plenty of work to do, but how do you know if your operation - and the staff you employ to carry out your game plan - is performing at full speed? Developing a dashboard of key performance indicators can maintain your focus on success. Consider these key performance indicators to establish the framework for your dashboard... Read More

You are invited to join us for a complimentary one-hour webinar:

Best Practices in Medical Billing: What the Most Successful
Practices Know that You Don't

Wednesday, Nov. 10, 2010
1:00 PM EST

Speaker: Elizabeth W. Woodcock, MBA, FACMPE, CPC

Unlock the secrets of the best-run medical practices with Elizabeth Woodcock, co-author of The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid and expert speaker and trainer in practice management. During this informative complimentary one-hour webinar, you will learn proven methods to:

• Increase internal edits to reduce payer denials
• Develop - and consistently apply - methodology for insurance follow up
• Encourage front-end registration accuracy and timely, complete time-of-service collections
• Measure - and share - key performance indicators
• And much more

Register Now

Two Critical Components to Building a Dynamic Team

By Thom Schildmeyer, MBA

Perhaps the two most important steps to building a dynamic team are retaining top performers and creating a winning environment. Unfortunately, many practices realize from experience that a lack of teamwork leads to office inefficiencies, low morale, staff turnover, and many lost hours sorting out staff controversies. How then does a practice create a winning team? The first step to creating a winning team is... Read More

Case Study Practice Cuts Billing Costs By 85% and Increases Collections Dickson Orthopaedics & Sports Medicine Dickson Orthopaedics & Sports Medicine is a successful two-physician practice located in Middle Tennessee. For years, the practice had utilized an out-of-state billing service that charged a percentage of collections. But the arrangement was not cost-effective, and because of communications issues that were delaying timely completion of superbills, the decision was made to bring the billing in-house... Read More

Case Study Billing Consultants Save Clients 60% Per Provider While Increasing Efficiency Providers Dynamic Services, LLC "Thirty-six years ago, sending out clean claims was the easiest job in America. Now, sending clean claims is the hardest job we face," states Patti Somerhalder, COO of Provders Dynamic Services, LLC (PDS). The biggest reason that claims are denied is because of incorrect demographic information. "The front office person entering the demographics is the most important piece"... Read More

Billing Tip of the Month

Utilizing Prolonged Services Coding to Maximize Practice Revenue

By Linda J. Sacco, CEO, RMC, Advantage Medical Billing Solutions LLC

Medicare allows office visit coding and billing based on time when a visit is extended in time due to counseling and coordination of care; if this is more than 50 percent of the time of service then time shall govern the coding of the visit. In some cases, this can mean thousands of dollars to the practice... Read More

Top News and Ideas from Industry

ICD-9-CM Changes, Effective Oct. 1

AAPC Industry News, Oct. 1, 2010

Additional changes have been made to ICD-9-CM. The Centers for Disease Control and Prevention (CDC) have finalized the addition, revision or deletion of several diagnosis codes... Read More

AMA: Insurer Appeals Rule Must Protect Medical Role

By Doug Trapp, Amednews, Oct. 4, 2010

An interim final rule creating a federal process to appeal health insurers' coverage denials doesn't sufficiently protect clinical decision-making, according to the American Medical Association... Read More

ONC Publishes Certified Health IT Product List

HIMSS News, Oct. 8, 2010

The Office of the National Coordinator for Health IT (ONC) has published the Certified Health IT Product List (CHPL), a listing of Complete EHRs and EHR Modules that have been tested and certified by an ONC-Authorized Testing and Certification Body (ATCB), and reported to ONC by an ONC-ATCB, with reports validated by ONC. Only those EHR technologies appearing on the ONC-CHPL may be granted the reporting number that will be accepted by CMS... Read More

How to Lower Your Medical Practice's Banking Fees

By Victoria Stagg Elliott, Amednews, Oct. 4, 2010

As medical practices look to cut costs as patient volume lessens, one expense that may be worth scrutinizing is fees paid to banks for checking and savings accounts... Read More

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