Once upon a time, in the late eighties, a few “How to make money” magazines espoused medical billing as a great cottage industry. Unfortunately, that is exactly the perception many physicians have of the industry today. I guess, rightly so, because there are still a number of mom and pop medical billing operations out there [...]
The American Medical Association (AMA) has announced that it would like the Centers for Medicare and Medicaid Services to push back the deadline for ICD-10 to “at least” October 1, 2015, reports a letter sent to acting administrator Marilyn Tavenner early last week.”A year’s delay does not provide CMS with adequate time to fully examine [...]
As we constantly strive to provide our audience with genuine quality content, we are proud to have had our work featured in some daily healthcare and healthcare IT newspapers. Our medical billing services industry updates and medical billing related articles were featured in The Healthcare IT Daily, McCoy’s Medical Practice News, and twice in [...]
With the gradual yearly inflation of healthcare costs, who is to blame? According to a recent report from the Commonwealth Fund, the high costs are to be blamed on technology used in the USA as well as the high prices associated. One of the biggest drivers of the high healthcare costs is the current over-use [...]
So, what are you waiting for? Part one of a three part series. Over the past six months we have regularly written about the changes about to take place in healthcare. Now, 2012 is here and the first of those changes, 5010 should be implemented by all medical practices. This is a mandatory first step [...]
As a practicing physician, do you consider yourself underpaid? Well according to Medscape’s recent survey on Physician Compensation, nearly half of all doctors consider themselves underpaid. Medscape surveyed 25,000 physicians from 25 various speciality areas and reported the average salaries of these specialities back in 2011: Pediatrics — $156,000 Psychiatry — $170,000 Obstetrics/Gynecology [...]
There are many so-called “medical billing experts” out there who are willing to tell you how to ensure positive cash flow even in tough times. The trouble with the expert advice is that it always involves the doctor’s paycheck, assets, or credit, in one form or other. I decided to take a quick look at [...]
“Success is a peace of mind which is a direct result of self-satisfaction in knowing you made the effort to become the best of which you are capable.” [...]
As long as we seem to be on the best-in-class business band wagon, I thought it might be interesting to take a look at how Apple does business. I’m not talking about the cool products or the seamless software (which makes people wonder how they did it) but rather a more fundamental aspect, the brand/customer interface. Apple [...]
Let’s face it no one likes surprises. Why then do most medical practices wait until the patient has been treated and left the practice before informing them that the insurance has rejected their claim and they (the patient) are now responsible for the financial obligation? Nothing could be more backwards. There is a recent practice [...]
