The Medical Billing Reports You Need To Run Regularly

Medical billing reports can help you understand the health of your practice. These reports can help you understand how your medical practice is performing based on many revenue cycle metrics, find if the claims are paid in time, and how the insurance carriers are paying your practice for important procedures. Some of the important reports that are crucial in evaluating the performance of your practice are explained below. 4D Global is one of the best medical billing and coding companies that can help you with the preparation of these reports. Accounts Receivable Aging…Read more …

Federal Hiring Freeze Lifted By Trump But With Orders To Reorganize Agencies

After taking the President’s Office, Donald Trump issued an order, which places a hiring freeze for all the federal agencies. However, in the month of April, the freeze was lifted by President Trump and he proposed a 2% increase in pay for the federal employees in the coming year. He also ordered for a reorganization of all the federal agencies. Yet again, it is not yet clear how this reorganization will look like or affect medical billing and coding companies. President Trump ordered the Office of Management and Budget (OMB) to come up…Read more …

Several Key HHS Positions Filled By the Trump Administration

The senate has been much busy over the last few months in confirming the new cabinet nominees and other key staff members of the president since Donald Trump took charge as the President of United States of America. President Trump also seems to be busy making political appointments, which were not subject to the approval of the Senate. One of the most notable Senate confirmations that happened last month was the approval of the President’s nominee, Seema Verma as the new Administrator of the Centers for Medicare and Medicaid Services (CMS). Verma was…Read more …

Significance Of Revenue Cycle Management In Health Care Delivery

Revenue Cycle Management (RCM) is the process of managing the claims payment, processing, and generation of the revenue. It uses technology like medical billing software for keeping records in tracking patient care from registration, scheduling of appointments, and final balance payments. RCM becomes more important as many hospitals and other medical institutions advance into more value-based care delivery environments. Health care experts have concluded that revenue cycle management plays a key role in medical billing and coding companies since hospitals are adopting cost-cutting strategies. Recent studies have concluded that in the United States…Read more …

Medicare Advantage Payment Rates Increased Slightly By CMS

It is reported that the Medicare Advantage health plans will be seeing an average payment increase of 0.45 percent in the year 2018. The payment increase proposed by the Centers for Medicare and Medicaid Services (CMS) in their advanced rate notice released on February 1 was 0.25 percent. The average change in revenue with this increase, while taking into account the various coding trends, would be 2.95 percent, rather than the 2.75 percent change in the notice by CMS in February. This latest update in the payment increase in due to the changes…Read more …

States Looking To Revamp Medicaid Expansions

Dr. Tom Price is the new secretary of Health and Human Services and the future of Medicaid under Dr. Price will be revealed soon, as the HHS has to decide if Arizona and Kentucky can remodel their efforts to expand Medicaid. States like Indiana, Arizona, Montana, Michigan, Iowa, and New Hampshire currently operate their Medicaid expansions making use of federal waivers, which is a system offering them more flexibility to make healthcare policies that are designed with the idea of promoting financial responsibilities among the various enrollees. The state of Kentucky is in…Read more …