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THE BASIS and NECESSITY of RVUs
In order to determine the relative value of a physician’s medical services, the term RVU was created – the Relative Value Unit. It is deemed the unit of measure needed to determine the level of...
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Charge Capture Process
Charge Capture is a very simple concept to grasp and a much harder one to implement logically. Basically, it is the process of capturing or accounting for all services performed in a hospital or other...
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Pay for Performance is Here – Are you ready?
Pay for performance is not a new concept. However, since the implementation of the Affordable Care Act, both Medicare and Medicaid, along with private insurers, are making the practice mandatory The...
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Programs under the Affordable Care Act
Perhaps the best known of the programs under the law that will pay for performance are accountable care organizations (ACOs)–groups of providers that agree to coordinate care and to be held accountable...
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ICD-10 2014
What Exactly is ICD-10? ICD-10 refers to the clarification of diseases and mortality; aiming to create an international standard in disease presentation. ICD refers to International Classification of...
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Sequestration and YOUR Bottom Line
Sequestration came into effect April 1, 2013. Physicians beware. As of today, your practice is earning 2% less on your Medicare patients than you did in February. That’s a big cut and more cuts are...
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Physician Extenders and Charge Capture
The health care workforce is changing, as Non-Physician Practitioners (NPPS), or “Physician Extenders” are providing more services. NPPS fall into 2 broad categories: Physician Assistants (PAs) and...
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4 Steps to Conquering the Burden of Over Regulation
4 Steps to Conquering the Burden of Over Regulation Healthcare’s current state of flux is causing many physician practices to feel overwhelmed with the cumbersome amount of new regulations and...
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4 Steps to Conquer Regulation: Part 2 – The Game Plan
Change is hard in any industry, and the medical field is no different. But once you have inventoried where your strengths lie, and where your deficiencies fall, you are already well on your way to...
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4 steps to conquering regulation: Part 3 – Project Initiation
You have assessed your assets, targeted your shortcomings, and initiated a project budget and timeline for compliance. Now we must determine how you will educate yourself and your employees on the new...
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4 steps to conquering regulation: Part 4 – Follow Up
Staying on goal is the most important lesson to get out of this series. You can talk about, plan, and discuss things wonderfully, but if they are not physically being carried out effectively, it is...
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