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Articles from Jacob Thomas | Selfgrowth.com
- CMS encouraging physicians for health care reform innovation: grants offered - by Submitted on Jan 10, 2012 from Jacob ThomasAt last someone is looking to cut healthcare cost innovatively- The Health Care Innovation Challenge program, announced on 14th November, last year is the most recent federal effort by the Center for Medicare and Medicaid Innovation (CMMI) to support health care innovations. The program is aimed ...
Views: 578 - Predicting the scope of medical billing consultants after 2014 and beyond - by Submitted on May 24, 2012 from Jacob ThomasAlthough it has been quite a while since the Federal Government announced a series of far-reaching healthcare reforms, we are yet to experience their full impact across the healthcare continuum. And, with the Senate bill deferring a major chunk of the reforms further, it is expected that we may ...
Views: 574 - Fall in doctor office visits by patients under 65 - by Submitted on Jan 11, 2012 from Jacob ThomasUS physicians recently have been experiencing a gradual decrease in visits by privately insured patients younger than 65. IMS Institute for Healthcare Informatics, a health care research firm tracked an overall 4% drop in patient visits in 2011 compared with 2010, and Thomson Reuters Healthcare ...
Views: 572 - 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 ...
Views: 566 - Group Appointments A new niche for Primary Care Practice - by Submitted on Oct 24, 2011 from Jacob ThomasGroup appointment, also referred to as shared medical appointment, includes multiple patients seen as a group for follow-up or routine care. These visits are voluntary for patients and provide a secure but interactive setting in which patients have: improved access to their physicians, the ...
Views: 561 - Small Practices: Adapting to the Challenges of Healthcare Reforms for Better Revenue - by Submitted on Sep 29, 2011 from Jacob ThomasThe major challenges faced by physicians who run a small practice or clinics that have less than four or five physicians are expanding exponentially. Many physicians find themselves worrying and spending time on administrative processes and interacting with payers rather than spending some ...
Views: 557 - Bundled payment initiative to lower healthcare costs, help coordinate care - by Submitted on Sep 12, 2011 from Jacob ThomasA new program to aid and improve patient care while patients are in the hospital and after they are discharged has been announced by the U.S. department of Health and Human Services (HHS). These initiatives will also motivate doctors, nurses and specialist to perform coordinated care and hence ...
Views: 552 - 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: 545 - 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: 526 - 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: 510 - 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: 502 - 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: 477 - 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: 474 - 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: 471 - 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: 466 - 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: 459 - 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: 451 - 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: 445 - 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: 426 - 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: 417 - 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 ...
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