In 2015, the bipartisan Medicare Access and CHIP Reauthorization Act (MACRA) into law, altering the future of the Medicare payment system for providers. MACRA removed the Sustainable Growth Rate, and instead focused on quality measure development, expanded the use of Medicare data, and locked provider payment rates to near zero growth. For Medicare payments, MACRA […]
The Southern Nevada Billing Family Wishes You a Wonderful Holiday Season and a Joyous New Year
Yes ICD 10 is finally here and we have been busy! The one thing we can say is we are ready. We have trained, updated your computer system and tested with our clearinghouse so we have the green light. The codes as I have mentioned before is roughly from 14,000 of ICD 9 CM to […]
The change that will shake the healthcare industry: Claim errors will increase by 7% Physician productivity will decrease by 10-20% due to ICS-10 documentation 40% increase in A/R days (CMS) 200% rise in claim denial rates (CMS) Consider Billing Outsourcing: 6% increase in revenue for practices with outsourced billing. (Black Book Rankings Survey 2014) Nearly […]
Sylvia Burwell, Secretary of the Department of Health and Human Services (HHS), said in a public statement. “And as we work to transform our healthcare delivery system to one that is smarter, provides better care and spends our dollars more wisely, there is a tremendous opportunity to improve value and choice for consumers and providers […]