You may use the words “accuracy” and “precision” interchangeably to indicate something that is “correct in all details.” In truth, these words have very different meanings. It’s best to think of it like a dartboard. If you are aiming for the bullseye, but your three darts all hit the wall close together, something for which […]
The State of Alabama recently made an important announcement that could have a big impact on Alabama Health Care and Emergency Response providers. The State is issuing COVID19 Relief Grants for providers that meet certain eligibility requirements. The Alert letter is included below. IMPORTANT: These disbursements are on a first-come, first-served basis, starting noon October […]
Before the emergence of COVID-19 as a global pandemic, less than 20% of all people in the United States used some form of telemedicine. However, as the virus spread, more healthcare institutions turned to alternative ways to provide services to patients while limiting in-person visits and interactions. Has the rise of telemedicine affected your practice's […]
MACRA (the Medicare Access and Chip Reauthorization Act) was created to help healthcare providers report data on the quality of services to reduce the burden of healthcare costs on the taxpayers. MACRA reports hundreds of measures, but not all apply to anesthesia providers and groups across the board. We have compiled the relevant measures that […]
As the United States grapples with the COVID-19 pandemic, many anesthesiologists and CRNAs are struggling to understand how this unfolding situation will affect their practice financially and logistically. A pair for updates from The Centers for Medicare & Medicaid Services (CMS) provides critical updates that affect physician supervision requirements and accelerated reimbursements. If you have questions about how […]
Medical Business Management would like to take the time to honor all CRNAs (Certified Registered Nurse Anesthetists) during National CRNA Week for their hard work and efforts. The purpose of National CRNA Week isn’t just to celebrate all CRNAs around the world but to also educate the public on what their work entails. What do […]
The Transition Period is Over! For 2020, it’s out with the old, and in with the new. Starting January 1st, 2020, CMS will reject any and all claims submitted with the old, the HICN (Health Insurance Claim Number), and will only accept them submitted with the new, the MBI (Medicare Beneficiary Identifier). Hopefully, you’ve been […]
MAC stands for Monitored Anesthesia Care. MAC is not necessarily a type of anesthesia but more of a style of anesthesia. Monitored Anesthesia Care (MAC) includes all aspects of anesthesia care, a pre-procedure visit, intra-procedure care and post-procedure anesthesia management. While MAC may include the administration of sedatives and analgesics often used for Moderate Sedation, […]
Every anesthesia practice depends on a team effort to serve its patients. One key part of this team effort is a practice’s Certified Registered Nurse Anesthetists (CRNAs), who perform essential (and often thankless) tasks to help patients with their healthcare needs. This week, it’s National CRNA Week – a time to commemorate the hard work […]
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 […]
