Healthcare Headlines

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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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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