Increasing Practice Revenues with effective Ophthalmology Appointment Reminders

Busy ophthalmology practices focused on increasing revenues use a variety of techniques to increase efficiency and maximize reimbursements.  Perhaps the lowest hanging fruit for accomplishing this objective is a simple technique that is often overlooked by ophthalmology practices: Effective appointment reminders. Studies consistently show that a typical office experiences no-show rates ranging from 15 to

Check-In Kiosks and Opthalmologists

There are many reasons that people do not like going to the doctor’s office. Whether it is fear of the unknown, fear of pain or fear of the long wait, most people do not feel that the doctor’s office is a day at the beach. I fall into the last category of fears- fear of

Odds and Ends: 2013 Medicare Physician Fee Schedule

The final 2013 Medicare physician fee schedule rule has been released on November 1st, 2012. This policy and payment update sets the Medicare therapy cap amount for outpatient therapy services and payment. According to the American Physical Therapy Association (APTA), this fee schedule established the 2013 therapy cap exception at $1,900 but this exception will only

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