2012 American Academy of Ophthalmologists (AAO) Conference Highlights

MTBC had the opportunity to present its Ophthalmology Billing Solution at the American Academy of Ophthalmology Joint Meeting in Chicago. Below are a few of the highlights from the conference. For more highlights and to learn more about MTBC follow us @MTBC_UniqHIT. MTBC ‏@MTBC_UniqHIT: MTBC is at AAO12 in Chicago! We are in the Windy

Now is a Great Time to Review Your Practice Income Statement!

As we near the end of 2012 and look to the new year, now is the time to review where your practice is and look for opportunities to position for a successful 2013. When I work with groups on their reviews I always start with the financials. How are they trending? Are revenues and expenses

Accountable Care Organizations (ACO) – What You Need to Know About Setting Up an MSSP ACO

Accounting Care Organizations are required to submit the names of ACO participants. Examples of such participants include a group and solo practice, a pharmacy, an acute care hospital, a Critical Access hospital, a federally qualified health and a rural health center, and other such entities that are enrolled with Medicare and bill Medicare for services.

Considering an ACO? You Need to Start Planning Now

If you’ve read our blogs regarding Medicare’s new ACO model, perhaps you’re wondering how you can get started and how long the process will take. The below chart provides a general overview of what you can expect relative to the typical application process. It’s important to note that the window for beginning the ACO application

ACO’s, The Real Deal or Passing Fad?

We have all seen it over the years as the health care sector responds to the latest government initiative.  I wonder as the sector moves toward the ACO model, will it be with us long term?  When you look at what is happening with acquisitions of physician practices it does make me also wonder if

Leverage Your Practice to Generate More Revenue

I have said to many physicians, the best revenue is the revenue you did not directly generate.  That is where leveraging your office resources comes in.  A physician always thinks to generate more revenue they need to work harder but that is not always the case.  Diagnostics are an excellent source of indirect revenue.  Diagnostics

Sandy Makes Proper Vaccination Storage Difficult

First of all, I hope those that experienced Superstorm Sandy are safe and working on returning towards “normalcy.”  Personally, I’ve lived in New Jersey for 27 years, and this is by far the worst natural disaster I’ve lived through.  As bleak as things may currently seem for those hit the hardest, please know things will

ACO + Healthcare IT EHRs = Increase in Software Innovation

ACOs lower the cost of healthcare by merging healthcare services and streamlining the process for patients to receive medical attention. Many ACOs use Healthcare IT EHRs to improve on this process by providing automated systems that can maintain the work load of a typical provider and allow different providers easier access to a patient’s medical

Setting Up an ACO: Who to Hire and Why

Setting up an Accountable Care Organization (ACO) can be a daunting task, to say the least. In addition to making sure that an ACO has complied with CMS guidelines/rules, a crucial component to getting started is hiring the best physicians. A recent article published by the American Medical Association highlighted the importance of hiring physicians

Money Up front: ACOs and The Advance Payment Model

Anticipating relatively high start-up costs, the Innovation Center of CMS developed the Advance Payment Model (APM) to complement the Shared Savings Program.  The APM is a limited model available to smaller ACOs that generally serve rural-based areas; however, the ACO may participate in either Shared Savings Program track. In order to qualify as an APM