Healthcare Archive

Healthcare Business Intelligence; What Should Small Practices Do?

A smart doctor feels the pulse of his patient with one hand and that of his business with the other. It is equally important for a medical practice to sustain a green health indicator as it is for a patient to be healthy. It’s also quite likely that the practice’s financial health may dwindle as

Customer Ratings Will Affect Hospitals Bottom Line in 2013

Word-of-mouth has always been considered a most reliable source of information about the quality of traditional customer goods and services. So, it should be the same case for healthcare services, right?  Well, so thinks CMS. With growing concerns on Medicare’s future, the federal government has turned to customer reviews to institute the Hospital Inpatient Value-Based

Fighting Audits with Audits

The word “audit” usually accompanies thoughts of penalties, stress, and fear; however, a pro-active audit is an effective tool that should be used by all practices.  In order to conduct an effective audit there are a few tips that should be considered: 1-      If you do not currently audit your practice, what are you waiting

HIEs – Start with the end result in mind

Health Information Exchanges or HIE is a major topic in healthcare discussions across the country.  As we move to greater use of computers to collect information on patients and treatment protocols, HIEs are the next step to utilizing that data to derive better outcomes.  For as long as I can remember, hospitals have gone to

Get the most out of your Coding Audit

Whenever the word audit is used it usually causes some anxiety.  This is especially true with some physicians who feel keeping up with the latest coding changes and still trying to manage a busy patient schedule can be an impossible task.  At MTBC, our coders have to continually educate to stay abreast of new coding

Deadlines Healthcare Providers Must Know About! – Part Two

Employee Health Insurance: In 2013, healthcare providers must decide whether to provide employee health insurance.  If you have 50 or more employees (eps), you must have an employee health insurance scheme? plan?, or pay a $2,000 fee for each employee above 30. (So 50 eps – 30 eps = 20 eps X $2000 = $40,000)

Deadlines Healthcare Providers Must Know About! – Part One

E-prescription: February 28, 2013, is the last day to submit claims to reap the 1% bonus payment for Medicare patients that were successfully e-prescribed to in 2012. Meaningful Use: February 28, 2013 is the last day to complete attestation for payment year 2012. Keep in mind that 2013 and 2014 are the remaining years for

Healthcare Salad Dressing

 In our world there are certain times when completely opposite things are forced to work together in order to provide a necessary, and usually beneficial, outcome.  An example of this is a simple salad dressing: oil and vinegar.  No matter how often one may shake a container holding both oil and vinegar, eventually, the two

Health Information Exchanges: They are coming, but is your Office Ready?

Industry-wide electronic health record (EHR) utilization brings with it exciting promises of improved quality of care, increased efficiency and reduced cost. However, the full positive impact of EHR utilization will not be truly realized until providers and entities are seamlessly sharing health information in such a manner as is facilitated by health information exchanges (HIE).

If you are a Specialist it’s all about the New Patients

As we begin the New Year it is important to pay attention to your practice metrics, especially if you are a specialist. With a specialty practice it is all about the new patient visits.  As you monitor monthly activity the new patient visits drive your practice volume.  With many specialty groups, high dollar diagnostics and