Medic Management Group

PRACTICE MANAGEMENT

Is your staff a marketing asset?

If you believe in the old adage that people are your most important asset, is it reasonable then that your office staff should be an asset to marketing your practice? Physician practices are not immune to the critical success factors that make or break an organization. MMG Healthcare regularly talks to our friends and clients about the importance of growth, patient satisfaction, efficient work flow and the value of word of mouth referrals. | Continue Reading

Dec 24th, 2014 | No Comments | CATEGORY:

Is your practice safe from fraud?

You probably think that fraud doesn’t affect medical practices – but that is far from the truth. In fact, you face fraud from all directions. It is important that you protect yourself from patient fraud, employee embezzlement, and fraud from outside parties. | Continue Reading

Dec 11th, 2014 | No Comments | CATEGORY:

How to avoid unnecessary Medicare claim denials

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Dec 2nd, 2014 | No Comments | CATEGORY:

The impact of WRVU adjustments on your practice

Though recent trends hint at physician compensation plans moving towards quality and non-productivity based metrics, a sizeable portion of employed physician compensation is still tied to the Work Relative Value Unit (WRVUs). | Continue Reading

Nov 4th, 2014 | No Comments | CATEGORY:

Medicaid as a payor: billing and reimbursement tips

In the world of healthcare, Medicaid has become quite the payor to figure out and deal with. From the front desk on, getting the correct information from the patient and making sure the billing entities get their denials, all of which then leads to questions about whether you are able able to bill a patient or not, or figuring out what type of coverage do they really have. | Continue Reading

Oct 31st, 2014 | No Comments | CATEGORY:

Keeping your employees healthy

Companies today are more aware than ever just how important it is to provide long-term health and wellness benefits for their employees. | Continue Reading

Oct 16th, 2014 | No Comments | CATEGORY:

Keeping your administration and billing costs in check

Whether you are in a private practice or a hospital system, do you know what percent of collections are made up of administrative and billing costs? | Continue Reading

Sep 25th, 2014 | No Comments | CATEGORY:

Return on performance

The real benefit of corporate wellness programs. | Continue Reading

Aug 18th, 2014 | No Comments | CATEGORY:

Starting small with big data

Health care boardrooms are buzzing with talk of big data these days, and organizations may be tempted to just throw every statistic and figure into a pile and call it a day. However, large unstructured repositories of data can be hard to mine for useful information and can lead to misinformation being delivered if proper care is not taken. | Continue Reading

Jun 2nd, 2014 | No Comments | CATEGORY:

The art of ART

Best practices for your audit response team. | Continue Reading

Apr 28th, 2014 | No Comments | CATEGORY:

Obama signs Protecting Access to Medicare Act of 2014 into law

President Barack Obama signed HR 4302, "Protecting Access to Medicare Act of 2014,” into law. | Continue Reading

Apr 3rd, 2014 | No Comments | CATEGORY:

Senate passes Protecting Access to Medicare Act of 2014

In a 64-to-35 vote on March 31, the U.S. Senate passed HR 4302, "Protecting Access to Medicare Act of 2014.” President Barack Obama is widely expected to sign the bill into law later this week. | Continue Reading

Apr 1st, 2014 | No Comments | CATEGORY:

Timeline for applying ICD-10-CM codes

It takes about six to nine months to become familiarized with applying ICD-10CM codes within a practice and everyone involved needs some form of training. | Continue Reading

Mar 24th, 2014 | No Comments | CATEGORY:

Front desk courtesy

A key step in the revenue cycle starts with the first telephone call from the patient to your facility. Does your front office have the right telephone etiquette? | Continue Reading

Mar 10th, 2014 | No Comments | CATEGORY:

The rise of concierge care medicine

Concierge care medicine, also known as boutique, retainer-based, private, or direct medicine, has enjoyed significant growth in recent years – from humble origins in the Pacific Northwest in the mid-1990s, to the launch of multi-million dollar offerings backed by significant investors today. Once thought of as a product for only the wealthy and looked upon by mainstream fee-for-service medicine as fringe, concierge medicine has now earned its seat at the table. | Continue Reading

Mar 7th, 2014 | No Comments | CATEGORY:

Key components of a strong financial policy

Every practice should have a solid financial policy that is updated annually. The patient financial policy is an important piece of the financial health of your organization. A clear policy will not only aid your patients in understanding their financial responsibilities, but also serve as a guide for your staff. | Continue Reading

Oct 28th, 2013 | No Comments | CATEGORY:

Taking the confusion out of observation coding and billing

MMG Healthcare finds that both clients and the billing staff have a few basic misunderstandings on how to bill for observation visits and could use a refresher on the rules. Sometimes we make it more difficult to understand than we need to. Remember, observation codes are just another set of codes. | Continue Reading

Aug 12th, 2013 | No Comments | CATEGORY:

HIPPA Audit Findings

Office of Civil Rights pilot HIPPA audit program reveals significant findings on the lack of education, training, and understanding among health care providers. | Continue Reading

Aug 5th, 2013 | No Comments | CATEGORY:

Medical Economics: Coding Insights

Erline Frank's article from the June 10 issue of Medical Economics answers the question "If a patient refuses to allow the physician to do a component of the Annual Wellness Visit (AWV) can the physician still bill Medicare?" | Continue Reading

Jun 10th, 2013 | No Comments | CATEGORY:

Examine all costs when investigating EHR platforms

Lyle Melick's article "Examine all costs when investigating EHR platforms," published May 10, 2013 on medicaleconomics.com | Continue Reading

May 29th, 2013 | No Comments | CATEGORY:

Business Continuity 101

Every year natural disasters cause small businesses to close, but careful planning can help your organization ride out the storm. | Continue Reading

Apr 22nd, 2013 | No Comments | CATEGORY:

Reluctant about electronic medical records?

There are many horror stories from practices that have had to endure poor electronic medical record (EMR) implementations. It is painful to hear and painful to watch a practice learn EMR; however, it doesn't have to be that way. | Continue Reading

Apr 15th, 2013 | No Comments | CATEGORY:

Negotiating contracts

Have a good understanding of the payers and individual issues your staff has had with that payer before starting negotiations. Be proactive and organized. Have examples of underpayments and inappropriate denials along with excessive timeframes for appeals during the meeting. | Continue Reading

Dec 3rd, 2012 | No Comments | CATEGORY:

Beware of modifier 25

In 2001, Medicare paid out $23 billion - $1.7 billion of which was related to claims filed with the modifier 25. Randomly using modifier 25 was an easy way to get claims paid, but the Centers for Medicare and Medicaid Services now are monitoring claims incorrectly paid and have one goal in mind: to recoup money incorrectly paid to providers. Educating yourself, providers, and billers will keep the OIG from knocking at your door. | Continue Reading

Nov 1st, 2012 | No Comments | CATEGORY:

Work relative value units and provider productivity

Provider productivity can be measured in many ways, including charges, professional payments, visits, and surgical cases. However, due to definitional differences, variation in fee schedules, and changes in reimbursement contracts, the industry has moved toward work relative value units to provide a more consistent productivity metric. | Continue Reading

Oct 24th, 2012 | No Comments | CATEGORY:

Keep policies and procedures up to date and documented

Clearly written operational policies and procedures are the foundation to any organization. They improve efficiency and effectiveness. They are the tools in which you communicate your processes and organizational standards. They inform staff of expectations and what they will be held accountable to. They will provide staff with consistent answers so fewer errors occur. In health care, this relates to better patient care and better outcomes with lower mortality rates. | Continue Reading

Oct 11th, 2012 | No Comments | CATEGORY:

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