Best practices in medical billing reduce turnaround time for collecting money, enhance medical coding efficiency and increase insurance claim approvals. To accomplish this, Eggleston & Eggleston suggests you choose wisely when considering an outsourced medical billing partner to help your practice incorporate billing innovations. Job Requirements of a Medical Biller According to source clinicservice.com, both physicians and [...]
If I were to ask what one of the most important parts of health care would be, you would probably list medicine, doctors, or anything else that makes health care vitally important. However, one of the most overlooked things that would not even be considered is revenue. Without it, doctors couldn't pay the staff that [...]
If your practice involves anesthesia, you'll want to stay up-to-date on the latest ICD 10 anesthesia code changes for 2017. Here's what to look for in the new year. Procedures Done with Imaging The 2017 updates eliminate codes 62310, 62311, 62318 and 62319. These are common codes for procedures done with imaging (like fluoroscopy or ultrasound). The [...]
For patients paying with insurance, the way you code their visit is as important to you as it is to them. If you code something incorrectly, it could cost the patient money as well as your practice. Insurance carriers will only pay a contracted amount for each code, so it is important to make sure [...]
As health care consolidation increases, physicians consider selling their medical practice. As health care consolidation increases, physicians consider selling their medical practice. Small, independent medical practices must constantly assess their standing and finances and determine if it's time to sell. If you are thinking about selling your practice, ask these questions: What is your equity value? Your practice has valuable assets [...]
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) made extensive changes in the way Medicare reimburses physicians for their services. Under the Centers for Medicare & Medicaid Services’ (CMS) new Quality Payment Program, medical providers will either take part in the Merit-Based Incentive Payment System (MIPS) or qualify for the Alternative Payment Models [...]
With the introduction of ICD-10 in October 2015, there has been a great deal of transition With the introduction of ICD-10 in October 2015, there has been a great deal of transition in the healthcare industry throughout 2016. According to a recent study, only 63% of ICD-10 coding is accurate. Now that the grace period has ended, [...]
Good governance of your medical practice is extremely important, and board meetings are Good governance of your medical practice is extremely important, and board meetings are the heart of this work. Do your board meetings need strengthening? Check out some of these warning signs: #1: Your meetings are chaotic and unproductive. A strong board that makes good governance [...]
Winter’s clean, cold breezes may be the ideal climate for some innovations in your medical practice. Capitalizing upon Eggleston & Eggleston’s experience in strategic medical practice management, this is the perfect time to breathe new life into your medical practice’s marketing strategy. But where to start? We found four tips to help jump-start your winter [...]
At Eggleston & Eggleston PC medical practice management, one of our specialties is efficiency and reimbursement review. We have over 20 years’ experience and expertise in clinical and administrative staffing level evaluations, as well as patient flow evaluations, performed for medical practices and hospitals. We realize that one of the critical, yet difficult, aspects [...]
