Urology Practice Management - December 2013, Vol 2, No 4 published on December 19, 2013 in Coding and Billing
If you haven’t al-ready, take the time now to prepare for the International Classification of Diseases, Tenth Revision (ICD-10) transition. This will not be easy, and it will require changes to your medical record documentation as well as time and money.
Urology Practice Management - December 2013, Vol 2, No 4 published on December 19, 2013 in Affordable Care Act
The Affordable Care Act and economic pressures have ushered in a new era in healthcare delivery based on quality improvements and cost control, formally known as the “accountable care era.” With change becoming an operative word in virtually every realm of the healthcare industry, providers in all specialties have been forced to make radical adjustments for the sake of survival. Very few specialties, including urology, have been left unscathed by the government’s (specifically by the Centers for Medicare & Medicaid Services [CMS]) cuts to physician reimbursements and changes to payment systems and regulations. Based on the 2013 CMS fee schedules, urologists are facing a 2% reduction in reimbursement from Medicare. Federal pay cuts to radiology and pathology have amplified the threat to urologists by impacting revenues from patient care and from in-house ancillaries.
Urology Practice Management - December 2013, Vol 2, No 4 published on December 19, 2013 in Practice Management
A colleague of mine has been part of a well-known practice management/electronic medical record (EMR) company’s software support team for 10 years. She often tries to steer people to me when she cannot solve a client’s problems with a software solution. Even though she was once a practice administrator herself, she is a software support person now and the problems she sends to me cannot be solved with software. “Mary Pat,” she asks me, “Why do they think I can solve their practice management issues? All I am empowered to do is to help them use the software.”
Urology Practice Management - December 2013, Vol 2, No 4 published on December 19, 2013 in Health Information Technology
All practices are facing serious changes brought about by government and healthcare reform, some of which have not been fleshed out clearly enough. In the midst of this flux, practice managers must assess their practice’s performance and needs and make decisions that will affect the continued health and financial success of their business operations.
Urology Practice Management - December 2013, Vol 2, No 4 published on December 19, 2013 in Practice Administration
As if implementing the imperfect Affordable Care Act (ACA) and its demands on private and group practices (eg, training the front desk, collecting copays, determining deductibles, and identifying exchange patients) was not enough, many urologists—especially those not considering early retirement or leaving medicine altogether—are also examining the possibility of consolidating their practices via mergers or acquisitions. Faced with training staff for the transition to the International Statistical Classification of Diseases and Related Health Problems, Tenth Revision and avoiding heavy penalties for errors to partially fund the ACA, practices have to study and choose from an array of electronic medical records (EMRs) offerings and determine which is best for their respective practices.
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