Healthcare Headlines

Electronic Charge Documentation for ICD-10

To accommodate the increased specificity and number of codes in ICD-10, superbills may become up to fifteen pages in length depending on the specialty. For this reason, paper superbills may become obsolete and providers will need a new tool like MaxMobile that provides point of care capabilities and synchronization. PracticeMax‘s Maxmobile is a web based […]

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Key Performance Indicator: Accounts Receivable (AR) Aging

To classify AR by its age, you must measure the time since a particular service was billed. Payments due for services in the past thirty days are placed in the 0-30 day bucket, those billed between thirty one and sixty days are placed in 31-60 day buckets, etc. While monitoring your AR aging is important, […]

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Key Performance Indicator: Days to Bill

This key performance indicator (KPI) measures how long it takes a bill to leave the facility and go to the insurer after the date of service. While timely submission is important, some providers may get worried when this KPI reached more than six or seven days and encourage their staff to “hurry up” and get […]

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Key Performance Indicator: Revenue per Unit

Key performance indicators (KPIs) can help medical practices and organizations track their revenue goals more effectively. The most important KPI is Revenue per Unit where unit may stand for claim, case, procedure, visit, patient encounter etc. Individual practices may determine what the appropriate unit of measure is for their group and it will vary based […]

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