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How can Practices Avoid Losing Money

For a medical practice, collecting copays, deductibles, and coinsurance is essential to avoiding revenue loss. In healthcare revenue cycle management (RCM), collecting payments from patients properly reduces the risk to your business. Better RCM means having the funds available for continuous improvement and progress in office systems, the facility, and employees, which will aid in ...continue reading
Posted in RCM

Is Your Practice Prepared for the Millennials?

Millennials—the generation of people between the ages of 18 and 34—make up more than one-quarter of the total U.S. population, and their decisions affect every industry, including healthcare. Their combined purchasing power continues to revolutionize healthcare access and best practices. Instead of visiting physicians for traditional care, millennials are more apt to visit alternative care ...continue reading

How Can Patients be Relieved of Unnecessary Tests and Procedures

After being diagnosed with a severe health problem, such as cancer or autoimmune disease, the last thing a patient wants to worry about is whether all the tests, procedures, and treatments they are being told to undergo are necessary or not. Unfortunately, that is the exact happens to many patients. Tina, a recent breast cancer patient, is …continue reading

How EHR can help promote Population Health Management

Physicians and healthcare personnel these days make use of their electronic health record (EHR) to evaluate data in order to provide their patients with value-based care. EHR provides access to rich, comprehensive data on a large population for research, analytics, healthcare outcomes, diagnosis, and preventive care. The end goal of acquiring this data is to …continue reading

What Is Capitation Fee In Healthcare?

What Is Capitation Fee In Healthcare?

US healthcare is researching ways to tackle the challenges of lowering costs and improving the quality and the outcome. The traditional, age-old Fee for Service model is under scrutiny for being expensive and for focussing on rewarding medical providers for volume and quantity of services rather than the results. Within the current fee-for-service system there are …continue reading

HIPAA Compliant Data Protection in the Cloud and HIPAA violation to avoid

HIPAA Compliant Data Protection in the Cloud and HIPAA violation to avoid

HIPAA compliance is a crucial prerequisite for any company remotely dealing with any healthcare information. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was signed into law under the Clinton Administration in order to ensure the privacy and security of medical information. The HIPAA Privacy Rule dictates the usage of Protected Health Information …continue reading

MIPS Performance Feedback and Final Scores

MIPS Performance Feedback and Final Scores

Now Available: MIPS 2017 Performance Feedback and Final Score; Process for Targeted Review; EIDM Account Creation CMS is out with MIPS 2017 Performance Feedback and Final Score. All Medicare practitioners and groups who had submitted MIPS 2017data can check their MIPS 2017 Performance Score released by CMS recently. MIPS 2017 Performance Score is available to …continue reading

Credentialing Your New Medical Practice

Starting your own medical practice is an exciting process but may seem complicated from the get-go: finding the perfect location, setting up your staff, building your brand, and achieving profitability. One of the most important first steps on the road to financial success is fulfilling your provider enrollment—becoming affiliated with insurance companies so that you ...continue reading