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GroupOne Health Source Practice Management Blog

      

The GroupOne Health Source Blog

 Answers and Insights Every Healthcare Professional Needs.

 

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 Kaitlyn Houseman 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

New ONC Security Risk Assessment Tool Offers Help with HIPAA

by Kaitlyn Houseman on April 2, 2014

On Friday, the Office of the National Coordinator for Health IT released a new tool to help small- and medium-sized health care providers assess their information security risks, Modern Healthcare reports (Landen, Modern Healthcare, 3/28).

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Topics: Practice Management, HIPAA

Senate Approves ICD-10 Delay and SGR Patch

by Kaitlyn Houseman on April 1, 2014

By a vote of 64 to 35, the U.S. Senate on March 31 approved legislation that includes a provision to delay the ICD-10 implementation deadline by one year to Oct. 1, 2015. The US Senate has joined the House of Representatives and passed legislation to prevent a 24% cut in physician fee schedule payments from occurring as previously scheduled. Instead, Medicare physician fee schedule payments will continue to be paid as they have been for the past 3 months.
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Topics: Practice Management, ICD-10, Coding

Now Available: "Road to 10" Resource to Help with ICD-10 Transition

by Kaitlyn Houseman on February 26, 2014

The transition to ICD-10 is going to change how you do business from registration and referrals to superbills and software upgrades.  However CMS has the following resources to help your practice prepare for the transition.

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

Less Than 10% of Physician Practices Ready for ICD-10

by Kaitlyn Houseman on February 10, 2014

Englewood, Colo., Feb. 4, 2014 – As the Oct. 1 compliance date to transition to the International Classification of Diseases, Tenth Revision (ICD-10) approaches for physician practices, MGMA research released today indicates that overall readiness for implementation continues to lag. Less than 10 percent of responding practices reported that they had made significant progress when rating their overall readiness for ICD-10 implementation, up only slightly (from 4.7 percent) since June 2013, when MGMA previously conducted research to assess readiness levels. The new research includes responses from more than 570 medical groups where more than 21,000 physicians practice.

“The critical coordination that must take place between practices and their software vendor, clearinghouse and health plan partners is simply not happening at the pace required for a seamless implementation. Very simply, ICD-10 is behind schedule,” said Susan L. Turney, MD, MS, FACP, FACMPE, MGMA president and chief executive officer. “MGMA continues to advocate on behalf of members and provides tools and resources to help practice executives make the transition to ICD-10 more cost effective and less disruptive to their organizations.”

MGMA urges the Centers for Medicare & Medicaid Services (CMS) to immediately take action to help ensure that physician practices can successfully undertake such a massive transition, including:

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

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

WEDI Survey a Snapshot of ICD-10 Implementation Status

by Kaitlyn Houseman on January 7, 2014

 “When compared to a similar WEDI survey given in February 2013, the healthcare industry has slipped further behind key ICD-10 compliance milestones suggested in the WEDI/NCHICA timeline,” the Workgroup for Electronic Data Interchange (WEDI) explained in a prepared statement.

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

Medical Billing in 2014: 5 Quick Reminders for Your Practice

by Kaitlyn Houseman on January 3, 2014

Every year we set new goals and expectations for ourselves.  January 1st is a clean slate for most of us hoping to make a change for the better in our lives.  This year, make the commitment to your practice. Devoting time and effort to each of the following 5 points will help prepare your practice for the upcoming changes and help you better manage your practice in 2014.

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Topics: Revenue Cycle Management, Practice Management, ICD-10

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

Verifying Patient Coverage in a Health Insurance Marketplace Plan

by Kaitlyn Houseman on December 31, 2013

The New Year and the new Health Insurance Marketplace, also known as Health Insurance Exchange, is here.  Over a million people will have a new insurance plan and in many cases their first insurance plan in years.  Some may have signed up a few months ago while others just a few days.  While some patients visiting your office will be aware of the need to carry their card with them, some won't and others may have not even received their card in the mail yet.  It is likely that your office will need to verify their coverage.

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Topics: Revenue Cycle Management, Practice Management, Affordable Care Act, Patient Engagement

Simple EHR Training Advice That Will Help Your Practice

by Kaitlyn Houseman on December 26, 2013

We can often take our computer skills for granted. Not everyone is fortunate enough to learn basic computer skills and that can impact efficiency in a modern medical office. As an electronic health records (EHR) trainer, I have experienced the difficulty of training nurses and medical assistants on an EHR/EMR system. The transition is difficult for some to understand, and sometimes the nurses do not see the value the EHR can bring to a medical practice. I understand that nurses focus primarily on patient care as well as making sure the patient is ready to be seen by the provider. When a practice is moving from paper records to an EMR, the nursing staff is often skeptical of the benefits that will result.  Here are a few things to help ease the transition process from paper medical records to an EMR for the nursing staff.

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Topics: Patient Portal, EHR, Practice Management, EHR Training

[Infographic] Important Healthcare Deadlines to Remember

by Kaitlyn Houseman on December 19, 2013

Healthcare Deadlines Over the Next Few Years

Still trying to figure out the who, what, when and where of the upcoming healthcare deadlines? It can be hard to stay up-to-date with all of the changes with policies and payments. Check out the following timeline to plan for the changes over the next couple of years.

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Topics: Revenue Cycle Management, EHR, Practice Management, CMS, ICD-10, Affordable Care Act, Incentive Programs

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

Most Popular EHR Systems | Infographic

by Kaitlyn Houseman on November 11, 2013

The following Capterra infographic illustrates the top 20 most popular EMR software solutions in 2013 as measured by a combination of their total number of customers, users, and social presence.

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Topics: eClinicalWorks, EHR, Practice Management

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

Join the Next eHealth Provider Webinar on Stage 2

by Kaitlyn Houseman on October 31, 2013

If you are an eligible professional preparing for Stage 2, you are encouraged to join the next CMS eHealth webinar on Stage 2 health information exchange requirements, which will be held on Tuesday, November 5th from 12:00 – 1:30 p.m. ET. The webinar is titled, “Exchange Criteria in Stage 2,” and will focus on three measures in Stage 2 that require the exchange of health information. CMS experts will be presenting on the following topics:

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Topics: Practice Management, CMS, Affordable Care Act, Incentive Programs

4 Tips for Communicating the Health Exchanges with Patients

by Kaitlyn Houseman on October 18, 2013

Communicating Health Exchanges with PatientsTo the exchange, or not to the exchange, that is the question.  One of many questions actually.  Since the health insurance exchanges opened up on October 1, 2013, medical practices have been bombarded with questions ranging from “what is it?” to “which plan should I choose?”

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Topics: Practice Management