Now more than ever independent clinicians need to remain steadfast regarding their practice’s financial health. With decreasing payouts from insurance companies, demanding government healthcare initiatives, and increasing A/R…how does one even begin to initiate an internal proactive process? We have a tool that comes standard with one of our RelayHealth Clearinghouse options called Financial Diagnostics…. Read more »
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Medicaid
CMS News Update: Attest to 2016 Program Requirements by February 28
As circulated by CMS on 1/17/17 The Centers for Medicare & Medicaid Services Registration and Attestation System is now open. Providers participating in the Medicare EHR Incentive Program must attest to the 2016 program requirements by February 28, 2017 at 11:59 p.m. ET in order to avoid a 2018 payment adjustment. The EHR reporting period… Read more »
Plans for the Quality Payment Program in 2017: Pick Your Pace
As published on the CMS Blog 9/8/16 By Andy Slavitt, Acting Administrator of CMS As the baby boom generation ages, 10,000 people enter the Medicare program each day. Facing that demand, it is essential that Medicare continues to support physicians in delivering high-quality patient care. This includes increasing its focus on patient outcomes and… Read more »
ICD-10 claims denial rate at 1.6 percent, RelayHealth reports
Denial rates for ICD-10 claims are at about 1.6 percent, according to a report by RelayHealth Financial. Out of about 262 million claims processed between Oct. 1, 2015, and Feb. 15, 2016, which totaled $810 billion, 1.6 percent were denied, according to an announcement from the revenue cycle management solutions organization. The numbers show there has… Read more »
Office-Based Docs’ Use of Certified EHRs Increasing, CDC Data Show
Nearly 75% of office-based providers in 2014 had a certified electronic health record system, up from 68% in 2013, according to new CDC data, STAT News‘ “Morning Rounds” reports (Thielking, “Morning Rounds,” STAT News, 1/27). Eligible professionals must use EHRs certified by the federal government under the meaningful use program. The program was created under… Read more »
Ringing in Zip, Zero, Zilch
For those I haven’t had the pleasure of visiting with in the first 15 days of the month, Happy New Year! I’m excited about what 2016 will bring to medical practices and billing services over the next 350 days. After peering inside the plethora of healthcare news, I found some recurring hot topics that we’ll… Read more »
Meaningful Use Hardship Exceptions Bill Signed into Law
Providers will have an easier time claiming a meaningful use hardship exception now that S.2425 has been signed into law. Earlier this week, President Barack Obama signed into law the Patient Access and Medicare Protection Act (S. 2425), according to a White House press release. 2425 covers legislation regarding Medicare payments for certain rehabilitation technologies,… Read more »
Providers Urged to Monitor ICD-10 Claims; Challenge Denials
Although it’s still early in the process, the transition to the ICD-10 coding system by all accounts is unfolding more smoothly than many observers expected. Reports nonetheless indicate that unexpected denials may be occurring. As a result, McKesson experts recommend that providers continually monitor their revenue cycle to determine if claims are being inadvertently rejected… Read more »
Overcoming barriers to new models of care
Physicians are looking to new models of care delivery and payment as a proven means of keeping patients healthier and reducing health care costs. Recent legislation opens the door for new models, and provides funding to physicians who adopt them. But two key barriers still need to be broken down. Changing the way care is… Read more »
RelayHealth reports over $25 billion in claims processed since October 1
Since October 1, RelayHealth Financial has successfully processed more than 13 million of your hospital and physician ICD-10 claims, totaling more than $25 billion. This is good news! “RelayHealth Financial has led the industry with investments such as a comprehensive ICD-10 testing program and ICD-10 Central’s real-time analytics dashboard to help ensure a smooth transition… Read more »