Medical Billing Software Update: News and Ideas from Industry for May 6, 2011

Kathy McCoy, MBA May 6th, 2011

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We want to help you make the most of your medical billing software and improve your practice profitability. That’s whyyou’ll find a section of news and ideas from the medical billing industry in each issue of our monthly newsletter. Since these news items are often extremely popular with our readers, we are now bringing them to you on a more frequent basis so that you can stay up to date on the latest in medical billing and medical billing software. We hope you find these items useful. Subscribe now to receive our monthly newsletter filled with tips on improving your medical billing results.

ICD-10 Costs for Practices Estimated

David Stone, Government Health IT, May 02, 2011

The Medical Group Management Association reported from a recent Nachimson Advisors Study that the average cost of moving to ICD-10 based on practice sizes were $83,000 for small practices, $285,000 for medium practices, and $2.7M for large practices. Practices need to consider these significant issues and potential concerns outlined in the article, along with ways to alleviate several operational and budgetary issues… Read More

Electronic Medical Records: What Your Data Can Tell You

Pamela Lewis Dolan, Amednews, May 2, 201

One of the perceived advantages of electronic medical records is that physicians will have a wealth of information that can help them gain greater insight about patients. Data analysis will help your practice achieve meaningful use, qualify as part of an accountable care organization, and identify at-risk patients or inefficient business practices. But even a practice that isn’t participating in these programs can use analytics to get a solid, fact-based snapshot of how it is performing… Read More

AHRQ Study: Many Physicians Find eRx Systems Cumbersome

HIMSS News, May 6, 2011

New research funded by the Agency for Healthcare Research and Quality (AHRQ) finds that “e-prescribing systems can provide physicians access to important patient information, such as drugs prescribed by physicians in other practices and formulary information that can help reduce insured patients’ drug costs, but many physicians are reluctant to use these features… Read More

Embracing Health IT Increases Doctor-Patient Face Time

Pamela Lewis Dolan, Amednews, May 2, 2011

Physicians probably have felt pressure from patients to offer more options for electronic communication by email, text messaging, social media or chat rooms. What doctors may not know is what patients hope to get from that communication or what technology patients prefer… Read More

Medicare Criticized For $4 Million Drug Overpayment

Charles Fiegl, Amednews, May 5, 2011

The Centers for Medicare & Medicaid Services overpaid for dozens of drugs in 2009 by an estimated $4.4 million, the Dept. of Health and Human Services Office of Inspector General said in an April report… Read More

AMA Releases New Edition of E-Prescribing Guide

 Pamela Lewis Dolan, Amednews, May 5, 2011

The American Medical Association and four partner organizations in late April issued an updated version of “A Clinician’s Guide to Electronic Prescribing.” The organizations said the guide reflects changes in the health care environment… Read More

10 Proven Ways for Surgery Centers to Improve Workflow Processes

Leigh Page, Becker’s ASC Review, April 27, 2011

“The definition of insanity is doing the same thing over and over again and expecting different results.” That well known saying applies well to workflow processes at ambulatory surgery centers, says Jeff Blankinship, CEO of Surgical Notes in Dallas. Rather than clinging to old practices, Mr. Blankinship says ASCs need to find new ways of doing things more efficiently and effectively. Here he cites 10 proven ways for ASCs to improve workflow processes… Read More

50 Things to Know About the Proposed ACO Regulations

Scott Becker, JD, CPA, R. Brent Rawlings, JD, Barton Walker, JD, and Lindsey Dunn, Becker’s ASC Review, April 04, 2011

This article briefly outlines 50 things to know about the Medicare Shared Savings Program proposed rule — which established Medicare accountable care organizations — released by the U.S. Department of Health and Human Services on March 31… Read More

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