Impact of Value-Based Care on Medical Billing
The emergence of value-based care in the healthcare industry marks a significant departure from traditional healthcare delivery and reimbursement models. The Centers for Medicare & Medicaid Services (CMS) defines value-based care as a model that aims to improve patient outcomes while reducing costs. It prioritizes quality, efficiency, and effectiveness over service volume. Unlike fee-for-service models, […]
What You Need to Know for the Quality Payment Program in 2024
Preparing your 2024 reporting strategy involves understanding the Merit-Based Incentive Payment System (MIPS) and the ongoing changes for clinicians. Review the following quality payment program updates for your 2024 reporting year to ensure you get paid for your Medicaid services. Quality Payment Program: Key Updates in 2024 The MIPS Quality Payment Program (QPP) gives Medicare physicians […]
HIPAA Updates for 2024
The Health Insurance Portability and Accountability Act (HIPAA) is the foundation for patient data protection in an ever-shifting modern healthcare sector. Being aware of any legislation updates or changes is both an ethical and legal obligation for maintaining HIPAA compliance, delivering high-quality care, and ensuring patient privacy. 2024 brings significant changes to HIPAA in an […]
Changes to MIPS for 2024: What You Need to Know
Healthcare providers grapple with the dual challenge of managing bustling clinics and keeping pace with ever-changing regulatory requirements. The complexity intensifies with the demands of the Merit-based Incentive Payment System (MIPS), requiring providers to deliver top-notch care and navigate the intricate data collection and reporting process. Only adding to the complexity are updates to the MIPS program […]
Mastering Medical Billing In-House: A Step-by-Step Guide for Small Practices
Navigating medical billing can be daunting for small practices, which must balance patient care with billing complexities. Mastering in-house medical billing gives these practices greater control and is a strategic imperative for ensuring financial stability and operational efficiency. Practice management solutions are crucial for enhancing medical billing efficiency, accuracy, and effectiveness. This guide is a […]
Which Integrations are Key for Your EHR Software
Electronic Health Record (EHR) software is a sophisticated solution reshaping how patient data is managed and care is delivered. From navigating intricate workflows to addressing challenges in diagnosis and treatment, EHR software presents itself as a formidable force in the evolving healthcare landscape. Strategic integrations with other key components are essential to harness the power […]
Maximizing ROI: How Professional Training Ensures Optimal Utilization of EHR and PM Investments
In an era where technological advancements are reshaping the healthcare landscape, adopting Electronic Health Records (EHR) and Practice Management (PM) systems is a necessity and a strategic imperative. These systems digitize patient records and provide invaluable comprehensive care coordination and data-driven decision-making tools. Recognizing the dynamic nature of healthcare, the need for tailored solutions and proper […]
MIPS Reporting Made Easy: The Importance of Strategic Attestation in Optimizing Reimbursements
Navigating and adhering to healthcare regulations, especially in the realm of MIPS reporting, can feel like walking on a constantly changing and unpredictable ground. As new guidelines emerge and existing ones evolve, providers must adapt and proactively strategize to ensure financial viability and uphold the highest standards of patient care. It is essential to have […]
7 Reasons Why You Need Integrated Medical Billing for Your Practice Management Software
Amid the ever-changing healthcare landscape, streamlining processes and optimizing efficiency are key to delivering high-quality patient care. Integrated medical billing for your practice management software is one such advancement that has revolutionized the healthcare industry. Below, we will explore what integrated medical billing is and delve into seven compelling reasons why it is a smart move […]
6 Red Flags You Should Switch EHR Software in Your Family Practice
In family practice healthcare, maintaining an efficient and effective Electronic Health Record (EHR) system is crucial for success. While transitioning to a new EHR software may seem like a daunting task, it’s essential to recognize the red flags that indicate when a change is necessary. Here, we’ll explore the telltale signs that your current EHR software in […]