Tagged with Coding

Your Anesthesia Net Collection Ratio – Can it be 100%?

 By Joe Laden, Vice President of Client Management The short answer:  “Yes, but probably not.” Typically, the Net Collection Ratio (NCR) is calculated as Payments / (Charges – Contractual Adjustments). If contracted payers paid all your charges with nothing left to patients or secondary payers, the Net Collection ratio would be 100%, assuming that all…

Finding Creative Solutions for Hiring in a Full-Employment Economy

By Barbara Lewis, Director of People Services Hiring staff in a full-employment economy can be challenging even at the best of times. In the revenue cycle management industry, this can be especially difficult when one needs to hire medical billers. As we all know, the medical biller position is a critical function in the revenue…

2021 Proposed Changes for Evaluation and Management Services

By Marie Franklin, MBA, National  Director of Coding, Education, and Audit The proposed new rules for 2021 will focus on medical decision-making or time as the determining factor when selecting the appropriate level for service rendered for all physicians for evaluation and management. Currently, Medicare has not made Medical Decision Making (MDM) as one of…

CMS has Published the Physician Fee Schedule for 2020. The Time to Get Ready is Now.

By David Nicholson, Executive Vice President CMS has issued its final rule for the 2020 Medicare physician fee schedule, effective January 1. With the added complexity to billing and coding for physicians, how you manage the revenue cycle process for the practice is more important than ever.  For your convenience, I have summarized the major…

Some Healthcare Costs Are Going Down. Are yours?

By Joe Laden, Vice President of Client Management Overall healthcare costs have been rising over the years, due to factors such as the aging population and increased use of medical technology. The administration of healthcare reimbursement to providers accounts for a significant portion of healthcare costs, and some of these administrative costs have been decreasing…

Infographic – AdvantEdge Healthcare Solutions – Pathology

AdvantEdge Healthcare Solutions is a national top 10 medical billing company that is a leading vendor to pathology practices across the country for billing, coding, and revenue cycle management services since 1967.  If you have questions about how AdvantEdge can improve your pathology practice billing and coding so that you are collecting every dollar that…

Infographic – AdvantEdge Healthcare Solutions – Radiology

AdvantEdge Healthcare Solutions is one of the nation’s best radiology billing, coding, and revenue cycle management vendors for radiology practices across the country. To learn how AdvantEdge can be your  billing and coding vendor, call us at 877-501-1611 or email us info@ahsrcm.com    

Data Mining Anesthesia Billing Data for Improved Practice Performance

By Joe Laden, Vice President of Client Management All billing companies and in-house billing operations provide a package of standard reports.   They are generally financial reports designed to report cash flow and illustrate the performance of the billing entity However, data collected for billing can provide a wealth of information for the practice beyond the…

The Secret Ace up Your Sleeve – Using Your Anesthesia Billing Vendor for Stipend Negotiations

By Joe Laden, Vice President of Client Management Many anesthesiology practices rely on financial support from their hospital. This is commonly due to poor payer mix, underutilization of operating rooms and/or intensive in-house call requirements. Requests for hospital financial support must be backed up with solid information showing that anesthesia personnel costs based on hospital…

Customer Service Should be an AdvantEdge in Your Practice

By Michael J Krivich, LAFCHE, Director of Marketing and Sales Operations We all know the importance of customer service as it relates to patient experience and satisfaction with physician services in today’s healthcare environment.  Patients rank their satisfaction with the physician services in surveys by the practice, in the CMS Fee-For-Service CHAPS survey, and by…

CMS Targeted Probe and Educate Audit Program

By Jeanne A. Gilreath, CHBME, Senior Vice President and Chief Compliance Officer One of the many programs CMS has implemented to help providers identify billing issues is the Targeted Probe and Educate (TPE) audit program.   It is designed to identify providers with high denial rates or unusual billing practices according to CMS.  If a provider is…

Anesthesia RCM Specialty Challenges

By Joe Laden, Vice President Client Management Anesthesia billing and coding is an array of unique and complex specialty requirements not found in other medical specialties.  Though many billing and coding companies claim experience and expertise in anesthesia billing, the truth, when compared against actual performance, tells a different story. Given the unique aspects of…

Infographic – AdvantEdge Healthcare Solutions – Corporate

AdvantEdge Healthcare Solutions is a national top 10 medical billing company that provides billing, coding, and revenue cycle management solutions for specialty medical group practices since 1967.   If you have questions about how AdvantEdge can improve your billing and coding so that you are collecting every dollar that you’re legally and ethically entitled, please call…

Infographic – Advantage Healthcare Solutions – Anesthesia Services

AdvantEdge Healthcare Solutions is a national top 10 medical billing company that provides billing, coding, and revenue cycle management solutions for anesthesia practices since 1989.   If you have questions about how AdvantEdge can improve your anesthesia billing and coding so that you are collecting every dollar that you’re legally and ethically entitled, please call us…

Surprise Billing Legislation is Gaining Traction with an Unknown Future for Physicians

By David Nicholson, Executive Vice President Surprise medical bills occur when an insured patient unintentionally receives care from an out-of-network provider. And, according to a 2018 survey conducted by the University of Chicago, more than half of Americans (57%) have received at least one unexpected medical bill that they believed was covered by insurance. The topic of…

Laboratory Economics Survey Highlights Increase in Industry Concern around Pathology Reimbursement

By Steve MacCrea, Director of Account Management A recent study by Laboratory Economics (LE) –an independent research and analysis firm focusing on pathology and the laboratory services industry– shows that 82.4% of labs and pathologists cite declining reimbursement as one of the industry’s biggest challenges. During the month of July, LE disseminated it’s Anatomic Pathology & Clinical…

AdvantEdge