With the completion of the MACRA final rule, we created Radiology and Pathology web conferences regarding the 2017 Quality Payment Program (QPP) and how it impacts you. We have consolidated the vast amount of resources and information available to a brief summary to help you prepare and plan for the next steps.
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It is essential to take a step back and periodically evaluate the process as a whole and discern if there are any obvious, big picture elements that are being overlooked. Peace of mind comes with knowing.
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The next steps in securing your revenue emphasize the value in effective process management and confirming your payors are paying what they should be according to their contractual obligations.
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In this 3-part blog series, we will provide you with the specific fail points in the billing process where we have helped numerous physician clients recover literally millions of dollars.
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In this example, hiring a billing company to legitimately maximize your revenue through its efficiency, productivity and attention to detail, will yield a net of over $9,000,000.
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Here are the top 10 questions to consider as you evaluate the value and efficacy of your in-house billing process and wrestle with the issues that making a change may require.
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Common statements we hear from practicing radiologists and pathologists:
– Our group can’t agree on anything. (We can’t even agree on food!)
– No one understands the importance of our relationship to our hospital(s).
– Some of my partners only care about money and time off!
– Our schedule is unfair.
– We waste our time on unproductive, no, useless meetings.
– We don’t know if we’re getting all the money we should or not.
… (Add your own list from here!)
Patients are the reason you provide medical services. Satisfied patients have a “vote” and you are winning or losing the election every day you practice. Here are some credible reasons for moving toward becoming “patient-centric” as you grow and build your hospital-based practice.
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Our physician practice revenue is declining – Should it be? The answer is no. You should probably be receiving slightly more revenue than in prior years. Here are reasons why your revenue should be higher.
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Do you know how Relative Value Units (“RVUs”) can be used to benefit your physician practice? The methodology of RVUs allows procedures to be weighted to account for their complexity and expenses associated with the procedure. This creates a more valid metric than a simple count of how many procedures were performed.
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