Healthcare Headlines

ICD-10 Impact on Emergency Medicine Practices

The transition to ICD-10 will change the way emergency medicine physicians document the ED patient encounter. ICD-10 requires significantly more detail than ICD-9 to help support medical necessity. In this regard, ICD-10 requires more effort on part of the provider to document the exact type of patient diagnosis. Not providing the required additional detail and […]

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ICD-10 Alert: CMS and AMA Offer New ICD-10 Initiatives to Help Providers Transition

New ICD-10 Initiatives to Aid in Transition In a July 6th press release the US Center for Medicare and Medicaid Services (CMS) and the American Medical Association (AMA) announced new ICD-10 initiatives to help providers successfully transition by the looming October deadline. The press release announced an increase in¬†flexibility in the enforcement of ICD-10 rules […]

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ICD-10 Preparedness Survey: Are You Ready?

The transition to ICD-10 will impact very aspect of your practice including processes, systems and staff. As the October 1, 2015 deadline approaches, take this opportunity to check in on your progress by answering the following questions for your practice. 1. We have evaluated superbill alternatives to accommodate the new ICD-10 code set? 2. We […]

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Key Performance Indicator: Collection Percentage

Perhaps one of the most overused yet least significant KPIs, Collection Percentage measures what percent of accounts are being collected for a medical practice. Consider Practice A that collects 95% of a $50 charge ($47.50), and Practice B that collects 80% of a $75 charge ($60.00) for the same level of service. Would you rather […]

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