Archive for January, 2011

Billing & Collections Tip #13

Monday, January 10th, 2011

Minimize ICD-10 impact by analyzing all data systems that currently use ICD-9. A few questions to get you started are:

Can you system handle alpha-numeric codes?

Can the codes, code descriptions, and supported documentation be obtained in a machine-readable format?

Billing & Collections Tip #12

Friday, January 7th, 2011

Waiting until your cash flow is down is not the time to begin measuring and managing the billing team. It should be a proactive, monthly exercise that takes minutes – not hours or days.

Billing & Collections Tip #11

Wednesday, January 5th, 2011

Understanding and addressing your practice’s denials is likely the most effective revenue cycle strategy that a practice can employ.

Practice Management Tip #11

Tuesday, January 4th, 2011

CONTROL SOCIAL NETWORKING CONTENT AND PRIVACY SETTINGS

Medical practice employees do not need to risk blemishing their images at work or offending others by allowing the boss, co-workers, and patients in on their moment-by-moment status updates, posts, and personal photos. Exercise good judgment and restraint about what you post.

Billing & Collections Tip #10

Monday, January 3rd, 2011

Plan Your Steps to a Smooth ICD-10-CM Transition

Assemble a transition team. Even the smallest practice needs to select staff responsible for shepherding the ICD-10 conversion.

Communication is key. Keep in contact with payers and vendors about their own implementation and testing timelines.

DO NOT DELAY! A smooth transition depends in large part on advance planning.