Topics: Incentive Programs
A significant deadline for the Medicare eRx Incentive Program is fast approaching. This June 30, 2013 deadline affects any provider who submits Medicare Part B Fee for Service (FFS) claims. Act now to ensure that you avoid the 2.0% payment adjustment (penalty) that would be imposed in 2014.
Providers who treat Medicare patients and bill for Part B services on the Medicare Physician Fee Schedule (PFS) may be eligible for two incentive programs at CMS: the Medicare EHR Incentive Program and the Physician Quality Reporting System (PQRS) program. CMS encourages you to read more to learn about the opportunity to participate in both.
More than 250,000 physicians and other medical professionals eligible for the federally funded electronic health record incentive payment programs have received payments, according to the latest government data.
The increased use of electronic health record systems helped reduce costs in Canada's health care system by about 1.3 billion Canadian dollars -- or about $1.27 billion -- over six years, according to a new study by PricewaterhouseCoopers, EHR Intelligence reports (Bresnick, EHR Intelligence, 4/22).
The NFL draft is getting underway, and the league has made a draft choice of its own: It has called on eClinicalWorks to create a mobile electronic health record that will be used by team caregivers to provide real-time access to player videos and information on how to diagnose and treat sports injuries.
It’s not just about demonstrating Meaningful Use in 2013. CMS will now be performing pre-payment audits in addition to the post-payment Meaningful Use audits. Before mailing out some bonus checks, CMS says the audits (which will affect 5-10% of incentive applications) will be random and start with attestations submitted during and after January 2013.
Medicare Advantage customers need not fear the painful benefit cuts in 2014 as anticipated by Health Insurers. CMS backtracked on plans to cut Medicare Advantage payments to insurers by 2.2% in 2014 and instead decided on a 3.3% increase.
This article provides information on the 2015 PQRS payment adjustment and guidance on how individual eligible professionals and group practices can avoid the 2015 PQRS payment adjustment. Information provided in this article is based on the 2013 Medicare PFS Final Rule.
This article focuses on the PQRS payment adjustment and does not provide guidance for Value-Based Payment Modifier upward adjustment or payment adjustments from other Medicare sponsored programs. See the Additional Information section below for links to the CMS Value-Based Payment Modifier website, and the Medicare and Medicaid EHR Incentive Program website.
With the growing costs of healthcare, patients are required to pay more out of their pockets than ever before! Medical insurance deductibles and co-payments are on the rise while fewer necessary procedures are covered in-full by many insurance companies. According to ACA International, 29 percent of adults reported medical debt or trouble paying medical bills, and 16 percent had been contacted by a collection agency for unpaid medical bills.
Like clockwork, once again, physicians would have faced a 26.5 percent reduction in the Medicare physician payment rate on January 1, 2013, as a result of the sustainable growth rate (SGR) formula. Congress has intervened 14 times since 2002 with a stopgap measure to prevent major cuts in physician Medicare reimbursement. Created as part of the Balanced Budget Act of 1997, the SGR formula and has never been corrected permanently by Congress.
One of the most important aspects of a medical practice’s success is collecting the money that a patient owes them. This seems like a “no-brainer,” right? Well that does not necessarily make it an easy feat. Patient out-of-pocket fees account for 30 percent of a practice’s revenue, yet once a patient walks out the door, chances of collecting that money are practically cut in half.
Section 6401 (a) of the Affordable Care Act established a requirement for all enrolled providers and suppliers to revalidate their enrollment information under new enrollment screening criteria. This revalidation effort applies to those providers and suppliers that were enrolled prior to March 25, 2011. Newly enrolled providers and suppliers that submitted their enrollment applications to CMS on or after March 25, 2011, are generally not impacted.
Filtering through the thousands of medical apps now available can be time consuming and stressful. As a medical professional we know your time is limited which is why we have compiled a list of the top 20 apps for physicians. Some will help you organize your life and practice while others are going to assist you in building relationships with patients through top notch medical care.
Topics: Practice Management