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GroupOne Health Source Blog

GroupOne Revenue Cycle Blog 

Insights to guide your practice.

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Now Available: New EHR Interactive Timeline

by Kaitlyn Houseman on September 17, 2013

Plan Ahead: Review Upcoming eHealth Milestones Using New eHealth Interactive Timeline

CMS posted a new interactive timeline that highlights key 2013 and 2014 milestones for its eHealth programs. The timeline helps you identify key program dates and corresponding required actions, as well as resources to help you complete each milestone.

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Topics: CMS, PQRS, Revenue Cycle Management, Incentive Programs

How to Evaluate Revenue Cycle Management Companies

by Arun Murali on September 3, 2013

Are you thinking about outsourcing your revenue cycle management (RCM) services to a third party vendor? Welcome to the party!  Increasing pressures on physician groups to lower operating costs is forcing them to look at outsourcing options.  Well, outsourcing is nothing new and companies on-shore and off are saturating the market with thousands of options - one of which could be right for you.  

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Topics: Revenue Cycle Management

PQRS Medicare EHR Incentive Pilot: 10 Steps to Guide You Through

by Kaitlyn Houseman on August 29, 2013

Learn how to Participate in the 2013 PQRS-Medicare EHR Incentive Pilot

10 Steps to Guide You Through Participation

CMS has released a new fact sheet on how to participate in the 2013 Physician Quality Reporting System (PQRS) Medicare Electronic Health Record (EHR) Incentive Pilot Program. The PQRS-Medicare EHR Incentive Pilot Program allows eligible professionals to meet the clinical quality measure (CQM) reporting requirements for the Medicare EHR Incentive Program while also reporting for thePQRS program by submitting their CQM data electronically.

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

Improve the Health of Your Medical Practice

by Kaitlyn Houseman on July 15, 2013

You Are Not Alone

1 in 5 Physicians Are Worried  But One Visit Can IncreaseYour Practice's Financial Health
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Topics: Practice Management, Revenue Cycle Management, CMS

EHR Adoption Leads to Cost Savings in Canada

by Kaitlyn Houseman on April 30, 2013

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).

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Topics: Medical Business, Practice Management, Revenue Cycle Management

4 Secrets of the Medical Self-Pay Strategy

by Kaitlyn Houseman on March 5, 2013

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.   

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

ACA Provides New Revenue Opportunities to Some Physicians

by Kaitlyn Houseman on March 3, 2013

Why Physicians May Seek Out Medicare Patients Under New ACA Rules

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.

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

New EMR Mobile App: healow

by Nicole Laucks on February 15, 2013

healow_icon.pngAs the business of healthcare IT continues to evolve, helping doctors provide access to their patients' continues to be at the forefront of the industry.  Patients are constantly looking for new ways to manage their health while doctors look for new ways to advance patient engagement.  With eClinicalWorks, providers and patients have the opportunity to fill the gap in improving health outcomes. 

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

EMR Physician Practice Tips to Maximize Revenue

by Kaitlyn Houseman on February 14, 2013

Best Practices for Collecting Out-of-Pocket Patient Fees

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.

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

SGR Fiscal Cliff Updates and Medical Practice Impact

by Kaitlyn Houseman on January 2, 2013

Yesterday, the United States Congress approved legislation that prevents most taxpayers from experiencing a tax increase; prevents the scheduled 26.5% SGR related cut in physician fee schedule payments; and delays (until early March) the 2% across-the-board cut in Medicare payments due to sequestration.

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

Tip To Boost Medical Practice Revenue | Patient Education

by Kaitlyn Houseman on December 13, 2012

Increase Your Medical Practice's Revenue - Educate Your Patients on Free Preventative Care

The Affordable Care Act passed by Congress and signed into law on March 23, 2010 has made preventative care services free for 47 million women.  The U.S. Department of Health and Human Services (HHS) released this information back in July of 2012 detailing eight new prevention-related services that must be covered by health plans allowing women to take control of their health.  Insurance companies did not cover these services before under their health plans which made women responsible for the co-pays and deductibles for the care they need to stay healthy.

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Topics: eClinicalWorks, Medical Business, Revenue Cycle Management, Affordable Care Act, Practice Management

GroupOne Helped These Practices Raise Monthly Revenue By 32%

by Kaitlyn Houseman on November 9, 2012

According to a recent study, GroupOne Health Source’s staff of medical billing experts, which includes certified coders and reimbursement specialists, has helped numerous medical practices of various specialties and sizes generate, on average, a 32% increase in monthly collections.

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Topics: Revenue Cycle Management, EHR, Practice Management

Recovery Auditors Aim at EHR Medical Practices

by Kaitlyn Houseman on October 11, 2012

Recovery auditors (RACs), which had been primarily focused on the billing activities of hospitals, will expand their scrutiny to examine physician practices, reported American Medical News.

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Topics: Medical Business, Coding, Revenue Cycle Management

Medical Claims Payments via EFT: No Brainer

by Keith Lage on August 16, 2012

Electronic Funds Transfer (EFT) is a payment method utilizing electronic means (as contrasted with paper checks) to transfer monies between parties. EFT payments can be nearly instantaneous (avoiding postal delays) and reduce personnel costs associated with depositing payments. Many practices already use EFT to transfer employees’ wages electronically into each employee’s designated bank account, reducing administrative payroll expenses.

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Topics: Revenue Cycle Management, Medical Business, Denial Management

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