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GroupOne Health Source Practice Management Blog

      

The GroupOne Health Source Blog

 Answers and Insights Every Healthcare Professional Needs.

 

Top 15 TED Talks for Doctors

by Kaitlyn Houseman on October 17, 2015

Have you ever felt discouraged or uninspired? Maybe you feel overwhelmed with the small amount of time you have to learn about new advances in science and technology. If you don't have much time these days to explore new ideas in the health care, science, and technology fields then you're in for a real treat.

We've rounded up 15 TED talks surrounding some of the most remarkable ideas behind the advances in science and how they're shaping health care. Each TED talk is under 30 minutes so you can favorite them and listen later using the TED app. They're great for some quick inspiration and learning during lunch, on your way home or even when trying to squeeze in some cardio at the gym.

Did we miss one that you've found inspiring? Let us know in the comments below.

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Topics: Medical Business, Practice Management

H.R. 2 Reauthorization Act of 2015 to Replace SGR Formula

by Kaitlyn Houseman on March 27, 2015

By a vote of 392 – 37, the House of Representatives passed H.R. 2, the Medicare Access  and CHIP (Children's Health Insurance Program) Reauthorization Act of 2015, which, among other things, would permanently repeal and replace the SGR formula. 

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Topics: Revenue Cycle Management, Medical Business

[Infographic] All I Want for Christmas is a Billing Service

by Kaitlyn Houseman on December 24, 2014

With Christmas just around the corner, many physicians and practice managers are  adding billing services to their wish list. In fact, 71% of physician practices are considering a combination of new software and outsourcing services to improve their RCM systems.

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Topics: Revenue Cycle Management, Medical Business

Healthcare Spending Escalates in First Quarter

by Kaitlyn Houseman on May 5, 2014

New federal data finds that health care spending increased by 9.9 percent in the first quarter of 2014. According to data released Wednesday by the Bureau of Economics Analysis the recent rise in healthcare spending is the biggest jump since the third quarter of 1980.

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Topics: Medical Business, Affordable Care Act

The Consequences of Employee Turnover in Medical Practices

by Kaitlyn Houseman on April 23, 2014

Whether a practice is small or large, employee turnover seems to be a main concern facing medical practices today.  Not only is employee turnover in medical practices increasing the operating expenses, but it is also creating a damper on your patients’ relationships with your practice.

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Topics: Medical Business, Practice Management

5 Must Know Medical Billing Measures at Your Medical Practice

by Ricki Ransom on April 18, 2014

A successful medical practice needs a variety of reports and metrics to measure performance and make improvements as needed. GroupOne understands that many practices are facing financial challenges due to the changes that continue to take place in the healthcare industry. Monitoring the 5 measures mentioned below will provide insight into your practice’s performance.

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Topics: Revenue Cycle Management, Medical Business, Practice Management

EHR Training Tips for Success: Before, During, and After

by Kathy Kuhn on January 17, 2014

When providers purchase an electronic health record (EHR) system, they are hoping to benefit from features within the system that will increase efficiency and produce cost-savings while improving patient care. Most physicians fear a productivity loss during the implementation process that could eventually lead to a reduction of their practice’s profitability. However, when paper processes are replaced with an electronic solution, productivity tends to increase, along with overall profits.

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Topics: Medical Business, EHR, Practice Management, EHR Training

Outsourced Billing: Percentage of Net Collections vs. Flat Rate Fee

by Adrienne Schrimpf on January 2, 2014

Are you considering outsourcing your medical billing? Which pricing option is better for your practice? As a medical billing sales rep, I am often asked by practices why the standard fee structure for GroupOne clients is based on a percentage of the total revenue generated by the practice instead of a per claim basis or a base monthly rate charge. Not sure which option is best for your practice? Let’s take a look at each these revenue cycle management scenarios.
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Topics: Revenue Cycle Management, Medical Business, Practice Management

7 Reasons to Purchase an EMR in 2013

by Kaitlyn Houseman on December 12, 2013

  1. Expiring Favorable Tax Law – Tax Savings
  2. Patients Prefer Patient Portals and EHRs
  3. Free iPad 3 promotion through 12/31/2013
  4. Deferred financing on license fees by 12/31/2013
  5. 2014 is Final Year to Qualify for Medicare EHR Incentives
  6. No down payment required with GroupOne
  7. Become a Modern and Paper Free Practice in 2014 – New Year’s Resolution

1. Expiring Favorable Tax Laws – Tax Savings

There are several tax law changes pending for 2014 that will significantly revise favorable business tax provisions for medical practices.

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Topics: Medical Business, EHR, Practice Management, CMS, Affordable Care Act, Incentive Programs

CMS Phase 2 Denial Edits Will Begin January 6, 2014

by Kaitlyn Houseman on November 14, 2013

Several years ago, CMS mandated that payment for referral services would only be paid if the referring provider were properly enrolled in Medicare.  Due to industry pressure, the effective date for this policy was continually delayed to allow providers sufficient time to meet the enrollment criteria.  According to the following announcement, CMS intends to instruct their Contractors to turn on the ordering and referring edits on January 6, 2014.  

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Topics: Revenue Cycle Management, Medical Business, Practice Management, CMS, Coding, Denial Management

4 Major Risks with ICD-10

by Kaitlyn Houseman on November 13, 2013

According to CMS, 1 in 5 physician practices will see their Medicare denials double for up to 6 months after October 1, 2014, the deadline for ICD-10. Your practice does not have to be one of them. Get started early with planning for ICD-10.

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Topics: Revenue Cycle Management, Medical Business, Practice Management, CMS, ICD-10, Coding

The 5 Common Mistakes Made When Starting a Medical Practice

by Kaitlyn Houseman on November 8, 2013

1. Assuming it will be easy

You are excellent with medicine, and maybe a few other things. But no one can be good at everything.  Starting a medical practice entails much more than just seeing patients. Yes, there is a business side to starting a practice which is ultimately your business. There thousands of variables you haven’t even considered yet so do not be afraid to ask for help.  Bringing in a practice start-up expert can save you time, money, and a few headaches.  Having the correct staff on board for your start-up can help you avoid some commin pitfalls that new practices can encounter so you have the best chance of building your new practice into a profitable, and long term solution for your specific situation.

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Topics: Revenue Cycle Management, Medical Business, Practice Management, Coding

Anderson Reveals “Scary” Truth About ICD-10 Test Results

by Kaitlyn Houseman on October 16, 2013

The North Carolina Healthcare Information and Communications Alliance executive director Holt Anderson revealed a ‘scary’ finding after some end-to-end ICD-10 testing.  Anderson made the announcement of their findings during the MGMA 2013 annual conference last week.

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Topics: Revenue Cycle Management, Medical Business, Practice Management, ICD-10, Coding

3 Months of Meaningful Use in 2014 For Medicare Providers

by Kaitlyn Houseman on October 10, 2013

CMS Permitting a One-Time 3-Month Reporting Period in 2014 

In order to allow for adequate time for providers to upgrade to 2014 Certified EHR technology, CMS is permitting this one-time three-month reporting period in 2014 for eligible hospitals and eligible providers.  Eligible Hopsitals have until July 1, 2014 and Eligible Providers have until October 1, 2014 to begin their three month reporting period with 2014 Edition software. Therefore, some providers will be able to achieve Meaningful Use in the first quarter, rather than the last, and receive incentives earlier.

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Topics: Medical Business, EHR, Practice Management, CMS, Affordable Care Act, PQRS, Incentive Programs

Effect of Government Shutdown on Medicare

by Kaitlyn Houseman on October 1, 2013

The federal Fiscal Year runs from October 1 through September 30th.  This means that Fiscal Year 2014 begins today on Tuesday, October 1.  In order for the government to operate, the Congress must pass and the President must sign appropriations bills that release the money necessary to fund the operation of the federal government. 

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Topics: Revenue Cycle Management, Medical Business, Practice Management, CMS

Is Your EHR Your Certified Professional Coder (CPC)?

by Kaitlyn Houseman on September 26, 2013

The key to successful Electronic Health Record (EHR) adoption is not only selecting the right system, but ensuring you have the right people involved in the process. Many EHR’s pledge the reduction of coding staff because the EHR will allow you to swiftly document, accurately code your progress notes, and auto generate your coding. Sounds easy enough, right? What you might want to consider when listening to the sales demonstration is who is giving the demonstration. As a software vendor, do they have the experience of medical coders and reimbursement staff that have lived the tricks of the trade? Do they understand that sometimes submitting a clean claim requires more than automated claim creation and filing?

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Topics: Revenue Cycle Management, Medical Business, EHR, Practice Management, Coding

Preparing for the HIPAA Omnibus

by Kaitlyn Houseman on September 13, 2013

Understanding the HIPAA Omnibus Rule is likely something you have been working on since the Federal Register published the 138 three-column pages on January 25, 2013.  The deadline for compliance is required with respect to most provisions no later than September 22, 2013. 

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Topics: Medical Business, Practice Management, HIPAA, Affordable Care Act

Electronic Prescribing Requirements for Meaningful Use Stage 1

by Kaitlyn Houseman on September 5, 2013

Spotlight on the Electronic Prescribing Measure for Stage 1 Meaningful Use

Eligible professionals have sent more than 190 million electronic prescriptions for Stage 1 of meaningful use for the EHR Incentive Programs since the programs began in 2011. Learn more about the requirements for the Electronic Prescribing (eRx) core measure, and join these providers who are advancing our health care system through the meaningful use of certified EHR technology.

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Topics: Medical Business, Practice Management, CMS, Incentive Programs

Relocating Your Medical Practice: 4 Tips for Success

by Kaitlyn Houseman on August 26, 2013

If you are considering moving your medical practice to a different office location, you want to make sure your relocation goes as smoothly as possible.  You will have to manage plenty of small tasks as part of the move, but there are a few key items you need to move to the top of your list.

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Topics: Revenue Cycle Management, Medical Business, EHR, Practice Management

3 Tips for Closing the Gap: EHR Training and Patient Communication

by Kaitlyn Houseman on August 23, 2013

According to a recent report from the American Medical Association Board of Trustees, an EHR in the exam room has the ability to improve the doctor-patient relationship.  Before you try to enhance your relationships by downloading the first EHR software system you demo, consider the training you will receive with the EHR implementation.

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Topics: Medical Business, EHR, Practice Management, EHR Training