Having any idea about Cost Performance Category for MIPS 2018?

iPatientCare is going to share knowledge on MIPS cost performance category for the year 2018, with all the providers. This session will help get a better understanding of what is preferred for your practice and how to gain best results. Read more ›

Posted in MACRA Tagged with: , , ,

Patient Engagement: An asset for the Revenue Cycle of your Practice

Many healthcare providers have spent years and millions implementing electronic health record systems. These providers are equipped to thrive within the emerging value-based care model that is complete through integration between their EHRs with billing system in a way that streamlines the collection process, starting at the point of care thereby making a direct impact on the revenue cycle of the organization. This integration increases operational efficiency and accuracy, thus reducing the chances of errors. Read more ›

Posted in Patient Engagement, Revenue Cycle Management Tagged with: , , ,

Finding Errors in time; Saves Money on Time!

While the billing accuracy has improved, American Medical Association found that one in ten bills paid by private health insurance have errors. Everyone in this industry wants to minimize the billing errors, but they still occur, and one doesn’t realize that it costs money to correct these errors. Read more ›

Posted in Revenue Cycle Management

How to Have a Successful Healthcare Revenue Cycle Management?

All the practices are looking for quick returns with complete avoidance of denials. The only way this is possible is by either out-sourcing to a reputed billing company or by having a perfect in-house biller. Read more ›

Posted in Revenue Cycle Management

Revenue Cycle Management: Have your cake and eat it too!

The title of the article may look unrealistic but you may find an answer towards the end. Revenue Cycle Management (RCM) has been a problem area for many practices and most of them leave the money on the table without even realizing that they have a problem. An assessment of your practice operations would help you reengineer your operations and align it with your strategic and tactical needs. By understanding the common issues in RCM, followed by a systematic approach to identify your own needs, you will be able to define the right kind of RCM strategy for your practice. Read more ›

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MACRA and EHR: Obstacles to providing prompt and better patient care?

It seems, like ever-changing rules and regulations in the healthcare industry regarding quality-reporting programs like MACRA can be mind-blogging. Also trying to fill information in the EHR can sometimes be stressful if the physician is not completely familiar with the software. Most of the physicians are thinking that value-based reimbursement is a good thing for healthcare since then they are only spending money on the care that provides value. But many physicians disagree and suggest that this value-based reimbursement will not make any difference. Read more ›

Posted in Cloud Services, EHR, Health IT, MACRA Tagged with: , , , , , , , , ,

Why Pediatricians are facing Medical Billing Issues?

MACRA is the biggest thing that has hit healthcare payment system. The healthcare reimbursements are migrating from volume to value-based, MACRA will most likely serve as the roadmap for other payers. Documenting and reporting every treatment through a certified EHR or other approved method is the only way physicians can get paid for the services. The law directs all the pediatricians to choose one of the two reimbursement paths – advanced alternative payment models (APMs) or the Merit-based Incentive Payment System (MIPS). Most physicians opt for MIPS, which measures quality, advancing care information and clinical practice improvements. Read more ›

Posted in ICD-10, Practice Management solutions, Revenue Cycle Management Tagged with: , , , , , , ,

Is your Revenue Cycle leading to Insanity?

Optimizing your revenue cycle means looking for opportunities across your entire practice. Have you been doing the same thing every year and still haven’t achieved the results in enhancing net revenue, maximizing cash flow or reducing operating costs?

Nowadays, revenue cycle management programs are not flexible enough to account for the ever-changing healthcare environment and personnel changes. ROI’s are consistently lower than the expectation and any benefit achieved is often short-term in nature and is not sustainable. Can make your revenue cycle more accurate and efficient, verify insurance, reduce missed appointments, ensure precise coding, and limit denials, with help of technology. Read more ›

Posted in Revenue Cycle Management Tagged with: , , , , , , , , , ,

Is having a top rated EHR important for a doctor’s office?

Before EHRs, access to medical charts required labor work. Every time a patient visited the office or hospital, their file was pulled out physically from a storage space, transported, delivered, stamped, and sorted all in one visit. As a result of this back and forth, there was a greater chance of human error and charts would sometimes have missing information or be out of order. It was unusual for five out of 15 charts for a clinic day to be unavailable at any given time, this resulted in a waste of time, space, and frequent defects to care. Paper records are more vulnerable to break in, losing it by the staff member or by a natural disaster such as fire or flood. Read more ›

Posted in EHR, Health IT, Practice Management solutions Tagged with: , , , , , , , ,

Why is Revenue Cycle Management important in Healthcare Industry?

The responsibilities of Revenue Cycle Management can become overwhelming and conflict with other office duties for some healthcare centers.  Managing the revenue cycle includes compliance in ensuring complete and accurate billing processes and A/R follow up procedures are being followed.  In order to achieve compliance healthcare providers must employ software technology and a centralized billing/coding system. Incorporating revenue cycle management processes as part of an overall business strategy often results in improved reimbursement, accurate billing compliance, and great clinical outcomes. Healthcare clinics will be able to operate more efficiently, and in turn provide greater medical services to those who need it the most, when they outsource or partner with a reliable billing company. Read more ›

Posted in Health IT, Revenue Cycle Management Tagged with: , , , , , , , , , , , ,

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