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12/12/2011

Nearly one in three practices don’t do a good job collecting copays at the time of service, making it less likely they’ll get every dollar they’ve earned. About 30% of your peers collect upfront less than 75% of the time, according to 2010 data from the Medical Group Management Association (MGMA).

12/12/2011

Brace your practice for several weeks of contract negotiations – including a barrage of emails, phone calls and maybe an in-person meeting – once your payer is ready to talk money. The best way to get what you want is to be firm and persistent, experts say.

Part of a continuing series: This is part of an ongoing series about contract negotiations, which will help you prepare for and execute successful contract negotiations with your private payers. You can review all articles in the series via the searchable Part B News archives at www.partbnews.com under the “contract negotiations” search term.

12/12/2011

These charts compare 10 codes with relatively low denial rates, yet were responsible for major dollar losses in 2010, to their denial rates and per-denial loss amount to 2009. NOTE: Codes with fewer than $1 million in annual Medicare payments were excluded from analysis, as were non-physician services (e.g. lab codes, supply codes). NOTE: The dollar losses per denial were calculated by dividing the annual paid amount by the total services less the number of denied services. They reflect national average data and do not account for patient-responsible amounts; only the allowable amounts actually paid by Medicare. The fees listed along the bottom for each code are based on the current 2011 fee schedule.

12/08/2011

If you simultaneously perform an anterior cervical fusion and corpectomies, is it correct to report 22551 (neck spine fusion and decompression) and 63081 (removal of vertebral body) or would it be 22554 (neck spine fusion) and 63081? Also, if you use a microscope can you add modifier 59 and 69990 (microsurgical techniques, requiring microscope, list separately in addition to primary procedure code) to the 63081 claim?

12/05/2011

You and your peers now have an extra 90 days to test claims and get your practice ready for the HIPAA 5010 claims transaction standard thanks to CMS pushing the enforcement date back to March 2012, CMS announced on Nov. 17. Don’t breathe easy just yet. You’re still on the hook to comply by Jan. 1, 2012.

12/05/2011

Expect Congress to stop the 27.4% cut to your Medicare physician payments before 2012, and replace it with two years of 0% updates. You face even more uncertainty for 2013, thanks to a new wrinkle introduced in the law passed to raise the U.S. debt ceiling in August. That law resulted in Congress creating a Super Committee that was supposed to deliver a plan for $1.2 trillion in deficit reduction over 10 years.

12/05/2011

You’ll still get paper faxes, paper lab results, paper mail and patients waving paper forms after adopting an electronic health record (EHR) system – slowing you down and limiting your EHR’s effectiveness. The best solution is to use a combination of scanning paper documents, having physicians convert the most important data to EHR, and to work with paper-based practices to develop a better way, experts say.

12/05/2011

Your hospital-affiliated practice will lose time and money next year on non-diagnostic services rendered three days prior to a hospital admission, according to the 2012 Medicare Physician Fee Schedule final rule. CMS finalized its proposal to lump Medicare Part B-billed services hospital-owned or operated entities render into a three-day payment window policy originally reserved only for hospitals.

12/05/2011

If your practice is in the habit of “brown bagging” drugs for in-office administration, be aware that for fee-for-service Medicare, at least, this practice will be officially against the rules starting Jan. 1, 2012. Some physician practices write scripts and send the patient to an outside pharmacy to pick up expense injectable drugs and the practice bills for the injection.

12/05/2011

Expect fewer headaches when it comes to taking on referred patients now that CMS finalized an enrollment form for non-Medicare ordering or referring physicians. The new CMS-855O form, proposed back in May and released Oct. 27, allows non-Medicare billing providers to refer patients to Medicare-enrolled participants without having to enroll in Medicare.

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