The US Department of Health and Human Resources has announced that the ICD-10 (International Classification of Diseases) compliance date has moved from October 1, 2014 to October 1, 2015. The ICD-10 regulations will change coding for all physicians and offices, and therefore, it is important for your business to be prepared. Here’s more on the […]
In-house billing has both its pros and cons. With in-house billing, there is an inherent trust that your employee has your practice’s best interests at heart and therefore will handle their job with a sense of care and responsibility. You hope that he or she is dedicated to their work and that they have a […]
With the rollout of ICD-10 right around the corner, there are many concerns about the impact it will have on medical practices and physician reimbursements. Medical Business Management is prepared for the October changeover and we want to share a few facts with you about the new coding system. #1 ICD-10 Will Lead to More […]
Choosing to outsource medical billing is highly important for any anesthesia practice. Choosing the right anesthesia billing company is just as important. The company you choose to handle your medical billing – your source of revenue – is one of the most critical decisions a practice will make. After all, the financial health of your […]
Owning a pain management or physical therapy practice is a rewarding experience because you provide a much-needed service to people who are in dire need of the rehabilitative services you offer. After all, an estimated 108 million people develop a musculoskeletal injury or chronic pain that can linger for longer than three months, and many […]
Outsourcing your medical billing and coding can be a great choice for your practice. The fact that you can expect an immediate 5 to 15% increase in the amount you collect may be enough to make you choose outsourcing over in-house billing. However, if you are still on the fence, Medical Business Management wants to […]
What is ICD-10? ICD-10 stands for the International Classification of Diseases, 10th Revision. It is a revision of ICD-9, which is the system currently being used by physicians to code all symptoms, diagnoses, and procedures. ICD-10 is set to go into effect on October 1, 2015. Because ICD-9 is over 40 years old, this is […]
The Affordable Care Act (ACA) is changing the way reimbursement processes are handled. To make sure you receive the payments you are due, it is important that you understand these changes. More People Insured Means More Business For Your Practice Thanks to the ACA, over 30 million new participants are expected to have some form […]
There are a number of developments occurring to implement national healthcare and central to the remittance scheme is bundled payments. Other names for bundled payments are; episode based payments; evidence based case rate, global bundled payments and package pricing. I like bundled payments. Many healthcare reformers believe that the solution to the "fee for service" […]
Welcome to MBM web site and we wish you a happy and prosperous 2011. I wonder what will happen to the health care industry this year? At 12 o’clock today (Jan 5, 2010) the 112th Congress will be “called to order.” Surely their agenda will include reductions in government spending. In my opinion, that should […]
