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GroupOne Health Source Practice Management Blog

      

The GroupOne Health Source Blog

 Answers and Insights Every Healthcare Professional Needs.

 

CMS Extends the Attestation Deadline for the EHR Incentive Programs

by Kaitlyn Houseman on February 11, 2016

The Centers for Medicare & Medicaid Services (CMS) extended the attestation deadline for the Medicare and Medicaid Electronic Health Record (EHR) Incentive Programs to Friday, March 11, 2016 at 11:59 p.m. ET, from the original deadline of Monday, February 29.

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Topics: CMS, Incentive Programs

4 Core Benefits of Effectively Managing Your AR

by Ricki Ransom on February 11, 2016

Developing a clear strategy for managing accounts receivable (A/R) is a step that isn't easy, but that has significant, noticeable payoff. When a medical practice doesn't track A/R consistently, the average number of days accounts spend in A/R increases, which means the practice is not collecting what it is owed as efficiently as it could be.

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Topics: Revenue Cycle Management

How MIPS Affects Physician Reimbursement

by Jeff Jones, CPHP on February 9, 2016

Declining reimbursement is one of the greatest financial challenges physicians face today. While there isn't much you can do to stop reimbursement cuts, you can be proactive in learning about the Merit Based Incentive Payment System and how it will impact physician reimbursement.

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Topics: Merit Based Incentive Payment System, Incentive Programs

Top 5 Causes of Recurring Claim Errors

by Ricki Ransom on February 4, 2016

Preventing claim errors has always been an ongoing effort for healthcare facilities. Today, more than ever, providers are having a harder time getting paid for their services. In fact, 40% of physicians plan on focusing more on improving the billing and collections process over the next year1. Understanding the top causes of recurring claim errors is a good place to start if you are planning on revamping your RCM processes for better results. 

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Topics: Revenue Cycle Management, Denial Management

Top 5 Challenges Your Practice will Face in 2016

by Ricki Ransom on February 2, 2016

As our list of the top 5 challenges for 2016 underlines, practices will need to navigate some tough obstacles in 2016. These include value based reimbursement, collecting co-pays and deductibles, and administrative burdens on physicians.

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Topics: Practice Management

The Merit-Based Incentive Program: What You Need to Know

by Jeff Jones, CPHP on January 27, 2016

The healthcare industry has unveiled another addition to the already enormous alphabet soup. This new addition goes by the name MIPS, or more properly, Merit-based Incentive Payment System and it is quickly moving healthcare provider towards value-based reimbursement. Here's how.

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Topics: Merit Based Incentive Payment System, Incentive Programs

What the Meaningful Use Change Means for Your Practice

by Kaitlyn Houseman on January 22, 2016

While many physicians had a sigh of relief when CMS Acting Administrator Andy Slavitt announced last Monday that the end of the meaningful use program is near, many were left hanging with unanswered questions as to what is next. On Tuesday, CMS posted an update to Slavitt's comments that outlines the transition and what it means for doctors and hospitals.

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Topics: Incentive Programs

Five Healthcare IT Leaders Adopt Carequality Interoperability Framework

by Kaitlyn Houseman on January 21, 2016

Athenahealth, eClinicalWorks, Epic, NextGen Healthcare and Surescripts First to Adopt Enhanced Data Sharing Practices

MCLEAN, VA--(Marketwired - January 21, 2016) - Carequality, an initiative of The Sequoia Project, today announced initial implementers of the Carequality Interoperability Framework released in December 2015. The companies are athenahealth®, eClinicalWorks, Epic, NextGen Healthcare and Surescripts.

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Topics: Medical Business, EHR, Interoperability

5 Reasons You'll Replace Your EHR in 2016

by Keith Lage on January 20, 2016

The 2015 Jackson Healthcare report on Physician Trends found that 85% of physicians have adopted electronic health records (EHR) systems. Furthermore, 61% of physicians said their overhead costs for their EHR have increased because of requirements under the ACA. At the same time, physician satisfaction with EHR systems has been declining - significantly in some cases. With the average physician seeing 22 patients per day, an EHR can make or break a practice's efficiency.

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Topics: EHR

How Patient Engagement is Changing Healthcare

by Nicole Laucks on January 18, 2016

Doctors have long since said that they want patients to be more involved in their healthcare. It only makes sense that the patient who is genuinely engaged in, say, controlling their diabetes is more likely to comply with medical and dietary instructions. 

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Topics: EHR, Patient Engagement

Are You Ready for Self Pay Patients in 2016?

by Kathy Kuhn on January 14, 2016

Today's American healthcare consumer is responsible for paying almost 35% of his or her own medical expenses - triple the amount paid out of pocket in 1980. This has led to a major shift in medical practices today focusing more on patient pay strategies. Now that we are in a new year and patients will be back at zero when it comes to meeting their deductibles, practices need to take collecting from patients very seriously or prepare to lose revenue.

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Topics: Revenue Cycle Management, Self-Pay

How Creating Strategic Partnerships Can Benefit Your Practice

by Keith Lage on January 12, 2016

Do strategic partnerships have anything to do with revenue cycle management? Absolutely. But picking the right partner to assist with various aspects of your medical practice can be a daunting decision. Pick the right partner and you save a time and money. Pick the wrong partner and your practice's cash flow can take a serious hit.

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Topics: Practice Management

5 Ways to Find RCM Tools That Grow With Your Practice

by Keith Lage on January 11, 2016

Perhaps there was a time when you could argue that revenue cycle management tools were only worthwhile for large practices with big budgets. All that has changed, however. In fact, a small or new practice may benefit disproportionately from having excellent revenue cycle management tools.

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Topics: Revenue Cycle Management, Practice Management

Balancing Business with Patient Care in Private Practices

by Kaitlyn Houseman on January 8, 2016

Running a successful medical practice is more than taking care of patients. And while most doctors would prefer to just focus on medicine and patients, there are a number of other responsibilities that can come with being a physician at a private practice.

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Topics: Practice Management

Why an EMR Shouldn't Be "Out of the Box"

by Nicole Laucks on January 7, 2016

In a perfect world, every EMR would be easy to use and simple to implement right out of the box. You wouldn't need to close your practice for a few days or pay for that expensive trainer to visit you. Unfortunately this isn't the case and it's causing a lot of practices to hate their EMR.

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Topics: EHR

5 Ways to Support Your Patients With Chronic Health Conditions

by Kaitlyn Houseman on January 6, 2016

Though they can happen at any age, single and multiple chronic health conditions are more common in older patients, and managing them effectively requires that the patient take active part in daily healthcare decisions. A collaborative approach may require more time up front, but long term it can decrease demands on your time by empowering the patient to take better control of his or her health.

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Topics: Practice Management

Obama Signs Meaningful Use Hardship Exemption Legislation

by Kaitlyn Houseman on January 5, 2016

Last week, President Obama signed into law a bill (S 2425) that expands providers' eligibility for hardship exemptions to Stage 2 of the meaningful use program, EHR Intelligence reports. The legislation will create a blanket hardship exemption from 2015 meaningful use penalties, which would have been assessed in 2017.

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Topics: CMS, Incentive Programs

Should Your Practice Charge No Show Fees?

by Ricki Ransom on January 4, 2016

The estimated no-show rate for medical practices is around 5 to 7%. That may not sound bad, but if you consider each missed visit prevents your practice from collecting an average $25 co-payment and $90 reimbursement from a health plan, one or two no-shows per day adds up to tens of thousands of dollars in lost revenue every year.

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Topics: Revenue Cycle Management, Practice Management

New Database Lets Consumers Search for Provider HIPAA Violations

by Kaitlyn Houseman on December 31, 2015

ProPublica has created and launched a new database, called HIPAA Helper, which allows consumers to search for privacy violations by health care providers. An analysis of the database revealed hundreds of repeat HIPAA offenders between 2011 and 2014,ProPublica reports (Ornstein/Waldman [1], ProPublica, 12/29).

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Topics: HIPAA

6 New Medicare Codes Primary Care Doctors Can Use to Increase Payments

by Toshya Griffin, CPC on December 30, 2015

What if we told you there was a way to potentially earn tens of thousands of dollars more from Medicare all while improving patient care? It isn't tied to pay to performance measures or linked to alternative payment models either. 

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Topics: Revenue Cycle Management, Coding