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Articles from Jacob Thomas | Selfgrowth.com
- Demand for primary care doctors peaks - by Submitted on Sep 12, 2011 from Jacob ThomasAccording to a survey, need is driving the demand for primary care physicians; listed below are the major reasons for this increased demand: •Many healthcare groups are in the process of forming patient-centered medical homes (PCMH), ACOs, and various other employment models which have ...
Views: 438 - Is ICD-10 Transition Feasible by October, 2013 Deadline? - by Submitted on Sep 06, 2011 from Jacob ThomasAs we stand at the mid of the intervening period, there is growing apprehension over achieving comprehensive realization of ICD-10 and other Compliance standard implementation by the October 1, 2013 deadline across the spectrum of healthcare stake-holding: health care providers, payers, software ...
Views: 432 - Impact of Federal Debt Ceiling on Medicare Payments to Physicians - by Submitted on Aug 31, 2011 from Jacob ThomasAlthough there have been instances in the past that allowed for raising debts well over the statutory limit, yet the present scenario is such that it has put a question mark over the Federal Government’s ability to borrow. Consequently, despite the talk of an additional $2.2 trillion borrowing ...
Views: 465 - Optimizing Revenue By PQRS Participation - by Submitted on Aug 30, 2011 from Jacob ThomasPQRS, the Medicare program paid out over 234 million US dollars in 2009 to medical professionals who subscribed to the program. However, a large segment of professionals failed to qualify, were just not aware, or lacked the inclination to take part. Out of over one million medical professionals ...
Views: 457 - Top 4 Challenges in Healthcare Information Exchange (HIE) - by Submitted on Aug 26, 2011 from Jacob ThomasHealthcare Information Exchange is the end goal of the recent health reforms in the United States and aims to provide better patient care on a continual basis by multiple organizations. The implementation of HIE not only helps in providing quality care to patients but also assists in reducing ...
Views: 693 - PCMH Assisting Primary Care Physicians as well as Patients - by Submitted on Aug 26, 2011 from Jacob ThomasPCMHs employ the latest technology available to make optimum use of time and funds in order to deliver best possible healthcare to the patients. Although the concept is not new it has gained recognition and popularity among patients and physicians alike due to the recent health reforms. There ...
Views: 494 - The Top 5 States for Physicians to Practice Medicine - by Submitted on Aug 26, 2011 from Jacob ThomasThe best states in the US for practicing medicine can be determined by taking a holistic view of the state of health care in that particular area and comparing it with other places. Some states are surprisingly physician friendly while some may not be very suitable for physicians in certain ...
Views: 517 - The Proposed Medicare Cuts, and Its Imminent Repercussions - by Submitted on Aug 24, 2011 from Jacob ThomasThe Congress’ balancing act aimed at increasing nation’s debt, and decreasing federal spending has quite expectedly singled out Medicare – which is one of the priority spending sectors in the Federal Budget – as the nucleus of its growing deficit budget, and the one that requires immediate ...
Views: 532 - Primary Healthcare: A Critical Reassessment in the Changing Healthcare Scenario - by Submitted on Aug 18, 2011 from Jacob ThomasThe Primary Health Care (PHC) system in the US has so far served as a platform for providing frontline care with services provided by medical professionals ranging from family physicians and assistants, internal medicine specialists, nursing practitioners and clinicians. However, the ...
Views: 839 - Effective patient care versus revenue cycle management: physicians perform a balancing act - by Submitted on Aug 18, 2011 from Jacob ThomasPhysicians in the U.S., despite ranking high for their medical competence, have never been able to fully realize and optimize their medical bill reimbursements owing to an increasingly complex health insurance system that has been constantly evolving, and characterized by: • HIPAA Compliant ...
Views: 1034 - Level of Preparedness for Smooth Transition to ICD-10 - by Submitted on Aug 12, 2011 from Jacob ThomasUS Federal Government, which has earmarked October 1, 2013 as the deadline, has sought to replace the 30-year-old ICD-9 with the radical ICD-10 – believed to be harbinger of sweeping changes across all facets of healthcare organizations: providers, staff, processes, insurance carriers, and ...
Views: 501 - Outsourced Medical Billing – the prescription for new practices’ impressive ROI - by Submitted on Aug 11, 2011 from Jacob ThomasGiven the rapidly expanding patient base, and an insatiable demand for quality medical care, it is not surprising that each passing-by moment is witness to the birth of a new practice. Despite being driven by a larger healthcare vision, new practices – operating in a market-driven environment – ...
Views: 574 - ICD-10 Implementation: An update for physicians and coders - by Submitted on Aug 09, 2011 from Jacob ThomasThe transition to ICD-10 is much more than a mere increase in codes and field sizes. The descriptions of diagnosis codes in ICD-10 may be very different to what coders are used to seeing and using in ICD-9. Therefore, the complexity in transition is significant and shouldn’t be avoided by ...
Views: 469 - Meaningful Use completed its one year How far has your practice reached - by Submitted on Aug 05, 2011 from Jacob ThomasAdopting these health care IT reforms can assist physicians to provide quality care and increase their revenue by making the process of payment quicker and by avoiding preventable errors. However, the incentives offered for implementation of EHR can differ according to when the EHR are adopted ...
Views: 418 - Assess the capability of your workforce: Is your clinic administration in the right hands? - by Submitted on Aug 02, 2011 from Jacob ThomasThe capability of your workforce as a physician is directly impacted by the number of people you hire and the efficiency of the staff. Ideally every business entity needs to find the right balance between the number of people employed and the profits or revenue that they help generate. This ...
Views: 579 - Redefining the Role of Billers and Coders in the Wake of Ensuing Accountable Care Organization Act - by Submitted on Jul 26, 2011 from Jacob ThomasIt is mandatory that a consenting group of medical professionals – comprising physicians, specialists, and support staff —form an alliance that caters to comprehensive needs of the pre-assigned group of patients while also keeping the standard high. Thus, all along with having incentive to a ...
Views: 472 - Increased inaccuracy in claims payments by health insurers - by Submitted on Jul 18, 2011 from Jacob ThomasAMA (American Medical Association) has released its Fourth Annual National Health Insurer Report Card which underscores the 2% increase in inaccurate claim payments since last year among the leading commercial health insurers. Claims-processing errors by health insurance companies squander ...
Views: 447 - Varying trends in physicians income in 2010 - by Submitted on Jul 15, 2011 from Jacob Thomas2010 registered a positive trend in terms of increased income for primary care physicians in the US. The increase in income varies according to the specialties i.e. some specialties saw a modest increase in income while others saw a more pertinent rise. The factors which are responsible for ...
Views: 397 - Rural Healthcare Becoming a Lucrative Business - by Submitted on Jul 04, 2011 from Jacob ThomasRecently, Texas has lifted a ban on prohibiting rural hospitals from employing physicians in order to solve the problem of shortages of doctors and health care providers in states such as Texas and California. However, it remains to be seen whether the recent healthcare reform would have some ...
Views: 408 - Medical Billing - 10 Blunders to avoid - by Submitted on Jul 01, 2011 from Jacob ThomasSince the past few years, medical practices have seen stagnancy or declining medical reimbursements especially with the continuous rise in practice costs. Most practices are unable to understand the core reasons for dipping revenues and increasing denials. Expert billers and Coders have ...
Views: 651 - How to Find the Best Medical Billing Specialist in your area - by Submitted on Jun 24, 2011 from Jacob ThomasOne may ask why practices require medical billing specialists. A crucial reason might be that taking up the services of a medical biller or a coder may lower overhead costs and expenses but definitely will help the physician to collect more revenues. Physicians across all states are constantly ...
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