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How to Get Insurance Payments Faster - Medical Billing Tips

One of the most important medical billing tips for getting faster reimbursement is better documentation. A few extra minutes can save you time and money and help you get paid faster. It’s important you understand why. The average AR days for a claim to be paid after it is sent out is between 25-33 days. Are your AR days within this range? If not, one of the first steps you can take at the clinic level is completing your medical records. Documenting the history, exam and medical decision making is a must but there are a lot of other things that can cause a medical record to be…

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Save Time With These EMR Tips

It’s ok to copy and paste, right? Maybe. The answer depends on what you plan to copy and paste. Most EMRs have a function where past information will auto-populate into the current medical record. This can be a useful timesaver, especially in the history section. However, you must be aware of the risks associated with this action. One place to watch is the current medications list. Some EMRs will automatically carry over every medication the patient has previously reported or prescribed by your clinic. Sometimes a patient will have two or three pages of medications listed. It will show…

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What Does a Medical Biller (Actually) Do? How to Get Faster Payments

Your billing company is a crucial component to your practice's success. Learning and understanding the billing process and what your biller does daily, will help contribute to the everyday operations of your business. What Does Your Medical Biller (actually) Do? Your biller's job is to use provider documentation to produce and submit claims to insurance companies. Your biller will then work directly with the insurance companies, healthcare providers, and patients to get claims processed and paid. They also review and appeal unpaid and denied claims. Your billing team will verify…

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Medical Practice Tips for Negotiating Vendor Contracts

Creating new revenue sources to attract new patients, and better serve existing patients, is critical for growth in any company. As the saying goes – if you are not growing, you’re dying – so grow, baby grow! Dr. Reynolds points out in his blog article 3 Keys to Revenue Success, there are only three ways to increase revenue: • Increase the number of customers, • Increase the price per customer, and … • Increase the number of times a customer returns … One way to achieve increased revenue is to contract with a vendor to provide services. For example, working with an allergy…

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Taking Total Responsibility for Your Life and Practice

Have you ever felt like you were out of control in your medical practice? Like you no longer controlled how you got paid, what kind of patients you saw, and even felt like you were being told how to take care of patient? I start most of my Medical Practice Success Summits by asking, “What is the number one problem in your practice?” I normally get all kinds of answers- everything from employees, to cash, to competition. After a pause, I inform the attendees that “The number one problem in your business is you.” You must understand this. If I replaced you with someone…

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In search of euphoric high, some opioid addicts turning to loperamide

USA Today (4/11, Bowerman) reports some opioid addicts are turning to the anti-diarrhea medicine loperamide “in search of a euphoric high or to manage withdrawal symptoms.” This can be dangerous, because “large quantities can cause serious heart problems, including abnormal heart rhythm and cardiac arrest, according to the” Food and Drug Administration.

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Mid-life vascular risk factors may be tied to brain changes that can lead to Alzheimer’s, study indicates

Reuters (4/11, Rapaport) reports, “Middle-aged people with risk factors for heart attacks and stroke are also more likely to develop changes in the brain that can lead to Alzheimer’s disease,” researchers concluded after examining “data from 346 adults who had been evaluated for vascular risk factors since the late 1980s, when they were 52 years old on average and none of them had dementia.” Then, more than 20 years “later, when participants were around 76 years old, they had brain scans that looked for evidence of Alzheimer’s” in the form of…

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FDA approves valbenazine to treat tardive dyskinesia in adults

The AP (4/11, Johnson) reports that the Food and Drug Administration has approved Neurocrine Biosciences’ Ingrezza (valbenazine) for the treatment of tardive dyskinesia in adults. The company “didn’t disclose the drug’s list price, but said it will when it begins offering the once-a-day capsule for sale in May.” Another drug intended to treat tardive dyskinesia made by Teva Pharmaceuticals “is expected to win FDA approval in late August.”

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Physicians spend roughly as many hours on computer work as they do meeting with patients, researchers find

HealthDay (4/11, Dotinga) reports, “Physicians spend roughly as many hours on computer work as they do meeting with patients,” investigators found after researching “the daily habits of nearly 500 US” physicians. According to HealthDay, “the American Medical Association, the American College of Physicians and other organizations have complained about the administrative burden physicians face.” The findings were published in Health Affairs.

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USPSTF releases draft guidelines on PSA testing

The Washington Post (4/11, McGinley) reports the US Preventive Services Task Force (USPSTF) “has dropped its controversial opposition to routine screening for prostate cancer, and now says that men between the ages of 55 and 69 should discuss the test’s potential benefits and harms with their” physicians “and make decisions based on their own ‘values and preferences.’” The group said in proposed new guidelines on Tuesday morning, “The decision about whether to be screened for prostate cancer should be an individual one.” … The New York…

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