The July issue of the Kareo Getting Paid newsletter, out this week, features great articles on subjects including how to file effective appeals, a nine-step plan for better practice collections, and much more. Take a minute to review these useful articles and also be sure to subscribe to the newsletter so you receive it in your inbox automatically. The articles featured included:
In This Issue / July 2012
Strategies to File Effective Medical Billing Appeals – and Get Paid
By Elizabeth W. Woodcock, MBA, FACMPE, CPC
If it seems like you’re bleeding money in the billing office, then it’s time to get your medical billing appeals program in gear.
Complimentary Webinar: Effective Appeals in Medical Billing – Breaking Through the Barricade to Get Paid
Thursday, July 26, 2012
10:00 AM PDT / 1:00 PM EDT
Speaker: Elizabeth W. Woodcock, MBA, FACMPE, CPC
In this fast-paced, informative webinar, you will learn:
• The three-step process to determine when a denial needs to be appealed
• How to build your case to create a successful appeal
• Key phrases to include in an appeal letter to get your denial overturned
• And more
Your Nine-Step Plan to Better Practice Collections, Part I
By Betsy Nicoletti, M.S., CPC
All practices want to collect every dollar they can, legally and within their contracts. This two-part series identifies nine steps to take to increase practice collections.
Staying on Top of Business Trends to Protect and Build Your Medical Practice
By Laurie Morgan
Planning for ways to reach new patients is one way to protect and build your medical practice. Another important step is to…
Kareo Medical Billing Software Demo Webinar: How to Streamline Your Medical Billing
Learn how Kareo medical billing software can make your medical billing easier and improve your profitability in this one-hour demo webinar featuring Q & A.
Medical Billing Tip of the Month
AR Categorizing Using Batch Number
By David Beckett
EccoHealth LLC
Case Studies
“Kareo has saved us quite a bit of time and has been very efficient for our practice.”
Reina Perdomo
Office Manager
Arthur Weinreb, DPM
“When 5010 became the billing standard, some practices lost thousands of dollars. But my clients on Kareo saw no interruption in billing or payments.”
Cynthia Castro
Castro Consulting
Top News & Ideas from Industry
Medicare Previews Pay Increases and Cuts for 2013
Charles Fiegl, Amednews, July 16, 2012
The program’s physician fee schedule details a new care coordination service but also outlines potential additional reductions through a quality payment modifier…
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Health Plans Look for Fraud Before They Pay Claims
Emily Berry, Amednews, July 16, 2012
Fraud detection systems are replacing retrospective processes, but “false positives” continue to delay legitimate claims…
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5 Potential ICD-10 Related Financial Issues
Steff Deschenes, Healthcare Finance News, July 9, 2012
As healthcare organizations prepare for the ICD-10 conversion, everyone knows there will be challenges. And financial managers are not likely to make it through unscathed…
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AMA Releases Midterm CPT Code Changes
AAPC News, July 13, 2012
The American Medical Association (AMA) released a host of mid-term CPT® code updates July 1. Among the new releases are…
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How to Avoid Turning Over Patient Accounts to a Collection Agency
Victoria Stagg Elliott, Amednews, July 16, 2012
Sending patients’ overdue bills to a collection agency can be bad for a physician’s reputation and may not gain the practice that much financially…
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Fear of EHRs Being Wrong Leads Doctors to Code E&M Services Manually
Pamela Lewis Dolan, Amednews, July 9, 2012
Despite the fact that most EHRs can assist physicians in assigning codes for evaluation and management services, most Medicare physicians still do it manually…
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CMS Releases 2013 Update ICD-10 PCS and GEMs
Carl Natale, ICD10Watch, July 2, 2012
The Centers for Medicare & Medicaid Services (CMS) released the 2013 update of the ICD-10 PCS and GEMs. It’s 10 files of various sizes and complexity…
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10 Statistics on Payors Dropped by Physicians Since 2009
Laura Miller, Becker’s ASC Review, July 5, 2012
Here are 10 statistics on the payors physicians have dropped over the past two years, according to Medscape’s Insurer Ratings Report
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How Medical Coders Can Adjust to the ICD-10 Delay
Carl Natale, ICD10Watch, July 12, 2012
For the most part, healthcare organizations appreciate an extra year to work on the ICD-10 transition. But Kevin McDermott found medical coders don’t…
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How to Get Patients to Pay Their Bills
Victoria Stagg Elliott, Amednews, July 9, 2012
When it comes to asking patients for payment, medical practice consultants say this should be done early and often. But an effective collection strategy isn’t just about asking over and over again…
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We hope you enjoy this issue of the newsletter. Be sure to subscribe now to the Kareo Getting Paid newsletter in order to insure you receive future issues.