Most physicians who open their own private practice do it out of a desire to provide service to their patients and to build on their relations with those patients. In short, to practice medicine. More often than not, the running of a business is secondary, or worse, an afterthought. Medicine is not the only industry where this disconnect occurs. Let's face it, we don't all want to be business ... Read More ->
ICD-10
Why Small Medical Practices Should Outsource Their Billing
Why Small Medical Practices Should Outsource Their Billing Smaller medical practices often believe their size is what makes it reasonable to keep their medical billing in-house. The fact is that with ever changing regulations, rising costs, and fewer and smaller reimbursements, small medical practices are more likely to feel the burden. Add to that the ICD-10 coding transition and practices of ... Read More ->
New ICD-10 Code
CMS Adds New ICD-10 Code as it Ends the Flexibility Grace Period The American Medical Association (AMA) was opposed to the implementation of ICD-10. To overcome that opposition the Centers for Medicare and Medicaid Services (CMS) allowed for some flexibility by providing a one year grace period during which claims would not be declined, or audited, for a lack of specificity in coding. ICD-10 i ... Read More ->
Are You Ready for the End of the ICD-10 Grace Period?
Are You Ready for the End of the ICD-10 Grace Period? October 1 marks the one year anniversary of ICD-10, which went into effect in 2015 after more than a year of delays. October 1 also brings the end of the ICD-10 grace period. During the first year of ICD-10 coding, providers were given amnesty from post payment audits due to code specificity. This grace period, put in place by the Centers for ... Read More ->
Dental Billing
Dental Billing Basics Physicians and dentists are different in many ways. They attend different schools for their degrees, perform different procedures on their patients, and use different sets of data and codes for billing. However, medical and dental billing are actually very similar. Successful billing for both physicians and dentists requires an understanding of billing and coding principles a ... Read More ->
