Is It Time to Leave Your Old EHR Behind? Take the EMR Replacement Test

Is It Time to Leave Your Old EHR Behind? Take the EMR Replacement Test

In a recent letter in the Journal of the American Medical Association, physicians described the unrealized potential of EHR technology and their colleagues’ general unhappiness with these systems.

“There is building resentment against the shackles of the present EHR; every additional click inflicts a nick on physicians’ morale. Current records miss opportunities to harness available data and predictive analytics to individualize treatment. Meanwhile, sophisticated advances in technology are going untapped,” they wrote.

Is it time to separate your practice from your current software? Many practices are re-evaluating their systems, some of which have been in place long before Meaningful Use. This series will explore the process of making the switch.

New ICD-10 Software Guide: Interview with Gaby Loria of Software Advice

As we countdown to October 1, for many, readiness for ICD-10 will come down to the wire. Here’s the latest: Good news came July 6th when CMS announced a coding leniency contingency, stating that ICD-10 claims with errors will not be rejected if they bear codes from the proper family. The downside to this contingency is that it applies only to CMS, meaning that commercial payers will do what they will come Oct 1st. (see petition to President Obama) Surprising...

Keeping Things On Track When Patients Are Your Specialty

As a physician, you’re used to uncovering what is hidden, but to support your work you want your medical billing and practice management to be completely transparent. If your office processes aren’t solid, you could lose time to treat patients which can reduce patient satisfaction and ultimately, your cash flow. Innovative software programs can help your office staff create methodical office processes that help you run a successful practice. Managing Bookings When you’re a practice-based physician, it’s especially important that...

Next Generation Medical Practice Consulting with Google Glass

Google Glass technology has already successfully bridged time and space to bring specialists together in the surgical suite and hospital training centers in the US and Europe. This spring Harvard Medical School initiated a test program for a new diagnostic app called Remedy that enables faster clinical diagnoses and more robust collaboration among front line physicians and specialists. Beam (the software behind the Remedy app) allows health care personnel to connect with remote colleagues via a secure cloud-based platform that...

Online Bill Pay for Your Medical Practice – What Docs Should Know

Most things seem to be going electronic. Consider email, e-commerce, e-trade, and ezines. Why not e-billing? As it turns out, paper bills are becoming an unnecessary hassle. According to the Medical Group Management Association, a medical practice must send out more than three paper bills, on average, to receive payment. That figure holds regardless of the size or specialty of the practice size. Worse, the amount of paperwork required to receive payment is growing. The problems with obtaining payment through...

3 Myths About Outsourcing Your Medical Billing

The number one reason practices outsource their billing is the promise of higher collections. But there are a few misconceptions floating around the healthcare world about medical billing companies. Some are more harmful than others, so we decided to demystify the three that could put your practice into a compromised situation. Myth 1: You Don’t Need Service Guarantees Any billing service worth its salt will share freely share its key statistics with you. For example, how many days (on average)...

3 Tips For Selecting the Best Medical Billing Company

Choosing a vendor is never a simple task, but knowing what questions to ask makes it a lot easier. Here are three things to look for when selecting a medical billing service and the questions you should ask to determine if they fill the bill. Don’t choose a vendor based solely on price. A full service medical billing company with experienced billers and advanced revenue cycletechnology is able to command a premium for their services because their total collections are...

Big Data in Medical Care

Big data is big business, and consumers are now almost universally used to the drill of signing HIPPA releases and updating pertinent information once a year when they visit their doctor. But how does big data really impact consumers as well as health care providers and insurance and medical billing companies? A recent report uncovered some eye-opening facts about the role big data is playing in lives today. How the Report Came About The report, crafted by officials in senior...

Heartbleed: What Health IT Should Know About Cyber Security Threats

For years, cyber security experts have urged us to use encryption to protect sensitive information that we send over the Internet. We assumed that as long as we used a modern security sockets layer, or SSL, that data were safe. That was before we learned about “Heartbleed,” a computer security bug that targets a specific SSL program, OpenSSL, to interfere with the encryption process and reduce cyber security. Security breaches have occurred, and the situation is likely to affect the...

The Controversy of Cloud Based Rehabilitation Therapy Documentation

Of the 204,000 Physical Therapists, 113,000 Occupational Therapist, and 134,000 Speech & Language Therapist, more use paper charts to capture therapy notes than use electronic medical records. But when it comes to billing, the case is exactly the opposite as electronic billing has essentially been adopted in mass, across the board. The cause of this paradox can be explained by Payer mandates regarding electronic billing. Getting paid is a top priority, so when Medicare, Medicaid, and BCBS dictate electronic claims, electronic billing software becomes...

Is Revenue Cycle Management Software Really Worth It?

State-of-the art, cloud-based Revenue Cycle Management is a significant investment, so the owner of a Medical Billing Company must ask themselves whether moving from a legacy system like Lytec or Medisoft, to a sophisticated RCM software is worth the cost. The answer? Only if you want your business to succeed. Over the last several weeks, we’ve talked about the changes occurring in the medical billing sector, the threats from competitors, and the threats from inefficiencies inside your business. Those are...

It’s a Brave New (Medical Billing) World—Are You Ready?

The medical billing industry is in the midst of a sea change, which means tremendous opportunity for those who understand what’s coming and prepare accordingly. For that, we need to look at where we’ve been (2011-13), where we are now (2014), and where we’ll be in the next couple of years—for five key areas. 1. Eligibility verification and benefits authorization Where we were (and some still are) Eligibility and benefits authorization was always done over the phone, a laborious process...