by Joe Gribbin, Sr. Hospital and facility administrators are challenged by the inability to control their revenue cycle when anesthesia services are outsourced. If you aren’t aware of how much revenue is being generated, it’s difficult to maximize cash flow. This is our third post in this series highlighting the challenges hospital administrators face and […]
Anesthesiologists and CRNAs are among the most sought-after specialties in the medical field. As healthcare demands are increasing and the supply of qualified physicians decreases, the future of anesthesiology is fraught with discussions surrounding the direction of the industry. As with many other healthcare professionals, the pandemic of 2020 has also provided another degree of […]
Anesthesia billing is more complicated than billing for most other specialties. Between coding specifications and the differences in time billed, it can be challenging for facilities to understand how to leverage these complexities to maximize eligible revenue. In breaking this down into “Anesthesia 101,” we’ve highlighted some of the unique features of anesthesia billing in […]
On Monday, December 21, Congress passed legislation that included another COVID-19 relief package worth $900 billion. On Sunday, December 27, President Trump signed this legislation into law. Among its many provisions, the package includes payments up to $600 per adult and child to qualifying Americans, an increase in weekly unemployment benefits and funds for small-business […]
Each year provides new challenges and lessons, but these also lead to many opportunities for positive change. As you plan for the future, one thing you should ask yourself is, “Am I getting the results I want from my vendors?” That is certainly true for those who work with medical billing companies. If you have […]
As next year approaches, we expect to see many changes - in how we do business, how we plan for the future, and how we code our pain management services. That’s right, the CPT® 2021 code book has been released. It details coding additions, revisions, and deletions to be implemented next year. We will provide […]
By Joe Gribbin, Sr. Hospital and facility administrators are often unaware of how much revenue is unrecognized when they bill anesthesia incorrectly. This can be the case whether they manage anesthesia in-house or contract with an anesthesia group. I spent 12 years as a hospital administrator before starting MBM, so I’ve seen how missed revenue […]
The coronavirus pandemic has taken a toll on just about everyone. However, healthcare professionals have experienced some of the most acute effects on their physical and emotional health, and even on their financial wellbeing. We reached out to anesthesia providers to better understand what the day-to-day looked like for them during these times and learn […]
by Joe Gribbin, Sr. Facility administrators have to make countless decisions regarding employing, contracting, compensating, and managing anesthesiologists and CRNAs, and these decisions have a significant impact on the bottom line. I spent 12 years working as a hospital administrator before starting MBM, so I understand these challenges. By understanding the types of relationships your […]
Interested parties can now apply for the Phase 3 General Distribution from the CARES Act Provider Relief Fund. The Department of Health and Human Services opened the portal Monday morning, October 5. Please note, the Phase 3 distribution expands eligibility for funds and allows application submissions for those who: Missed a prior application deadline Were […]
