You may recall our blog from August 16, 2016 titled “The Importance of a Coding Review”, where we discussed the Office of the Inspector General (OIG) has taken a higher focus on medical practices that have an active compliance plan. If you are the Compliance...
Do you know how your patients view your medical practice? Is there room for improving the patient experience at your medical practice? Have you ‘walked in the shoes’ of your patients? What are your expectations when you are the patient? How easy, or difficult, is...
Regardless of the number of employees in your medical practice, knowing your employee’s future intentions is important for the medical practice’s continued success; however, the impact of an employee deciding to leave a small practice because the employee didn’t feel he was part of the...
In today’s healthcare environment, it is imperative to ensure your medical practice performs their billing and coding function at the highest level possible. In many cases, billing and coding mistakes can cause revenue to decrease; however, the mistakes could also result in overpayments. Either way,...
Sadly, this article is not about the best macaroni and cheese recipe. The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 will soon change the payment methodology for medical practices. MACRA’s first performance year starts January 2017. Hopefully you have already started reading about...
We hear this comment often from medical practice executives… My practice has participated with ABC insurance plan for years, and our original participation agreement states that we can (or will) be added to other new ABC insurance plans in the future. Then, why is it...
You may recall our blog titled “The Advantages of Medical Coding Compliance” from June 17, 2015, and we want to remind everyone that having an active compliance program is key to avoiding financial penalties, and possible exclusion from the Medicare program, for fraudulent billing and...
Your recruiting process started months ago, the new physician has executed the employment agreement, and now it’s time for the new physician to join the practice. If your practice doesn’t have an on-boarding checklist, now is the time to develop it. While the new physician...
We are at mid-year, and it is time to review your medical practice’s performance. Many practice management systems have robust reporting packages to determine key performance indicators, which makes the Practice Manager’s job easier to measure the medical practice’s success. What key performance indicators...
The Medicare Access and Chip Reauthorization Act (MACRA) of 2015 was instrumental in eliminating the Sustainable Growth Rate (SGR) that was tied to Medicare Part B provider reimbursement for years. The good news is that through 2019, Medicare Part B payments will increase by .5%...