Points of Interest
07/APRIL/2014
Pay For Performance
Idea of paying medical providers for
their performance has found many backers in the US. According to the
supporters, pay-for-performance will remove bad incentives from the current
system and stop doctors from performing unnecessary tests and hospitalization
of patients.
Medical
Billing
Much of the value delivered by
healthcare today is dependent on record keeping. With complex procedures
evolving both for providing care and billing for services offered, medical
practices are relying heavily on daily, weekly and monthly medical review
reports. Most medical practices derive value from their medical practitioners
providing care to patients. But at the same time, in order to deliver value,
physicians are expected to be expert billers, perform immaculate coding and do
a series of administrative jobs. Review reports allow a physician to keep track
of functioning of a practice at a more micro level, without actually wasting
time in administrative activities of the practice.
Optometry
Optometry services have seen an
increasing growth in present day healthcare industry. With healthcare reforms
now allowing optometry practitioners to prescribe medications and perform minor
procedures, people prefer to visit an Optometry clinic with minor eye-care
troubles instead of booking an appointment with an Ophthalmologist. However,
with increasing patient inflow and variety of services getting added to the
care package of Optometry clinics; medical billing has become much more cumbersome.
ICD-10 is all set to increase pressure
on medical practices that are already dealing with challenges related to EHR,
HIPAA, meaningful use and interoperability. Even though ICD-10 will pave the
way for accuracy in new procedure payments, improved patient care and
administrative performance, it will also cause coding problems and other
challenges which will affect the financial health of your practice in the long
run.
According to industry experts, complexities introduced with the
implementation of ICD-10 will require a lot of preparation, logistics and
planning. Expert help will be needed to change language format, manage
connection point between ICD-9 and ICD-10, make major system changes or manage
the required infrastructure for supporting the new coding system.
ICD-10
will affect procedures, policies, data interfaces, workflow and possibly every
aspect of a medical practice. Number of codes will increase and coders will
have to pay extra attention in coding every service offered. Time constraint,
lack of skilled coders and rise in number of patients will create room for
coding errors, affecting the cash flow of medical practices. Therefore, seeking
assistance from a multi-specialty coding expert would be a better option to
solve coding problems related to ICD-10.
Although
ICD-10 is on a delay until 2015 , NOW
is the time to prepare.
AccuChecker
is that solution. For details call 305-227-2383 or 1-877-938-9311.
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