iMAXX Medical Billing Solutions Knowledge Hub

iMAX Medical Billing Knowledge Hub

Top 10 Misconceptions about Meaningful Use

[lightbox link=”” thumb=”” width=”150″ align=”right” title=”Meaningful Use Report Card” frame=”true” icon=”image”]Not quite sure what’s involved in Meaningful Use with the changes for 2014? Review our Meaningful Use summary of the common misconceptions about both Stage 1 and Stage 2. I can attest for 2014 Meaningful Use with whichever EHR I have currently. This year you must attest for either Stage 1 or Stage 2 Meaningful Use with an EHR certified for 2014. 2011 certifications will not be accepted without a hardship exception, which must be submitted by July 1, 2014. All EHRs that were certified for Meaningful Use in 2011

ICD-10. What Should I Do Now?

Now that the dust has settled from the ICD-10/SGR fix battles, you are probably wondering what it all means to you and what you should do now.   We advise, as many experts have, that you can relax—a little—but don’t stop your preparations for the ICD-10 start date. In a recent webinar presented by Deloitte, experts advised that when ICD-10 was delayed from 2013 to 2014, many organizations that stopped their preparations experienced significant difficulty regaining momentum.   So, take a breath—but keep moving forward.   In a CMS MLN Connects call on June 4, Pat Brooks, Senior Technical Advisor

Are You Using Your Practice Management System to Unlock Your Practice Profitability?

You feel it every month—the squeeze on your practice profitability. In addition to the SGR fix that may or may not happen, there are so many other pressures on your practice that it only makes sense to maximize profitability wherever you can. That’s where your practice management software should help. Here are a few ways you can use your PM/medical billing software to find additional monies on the bottom line: Review your financial reports monthly. It’s amazing how many providers don’t look at their financial reports; this is a key opportunity to see monthly how your practice is performing financially

12 Key Signs It’s Time to Switch EHR Software

Experts predict that 40% of EHR sales in 2014 will be replacement systems, but some practices find it hard to decide when it’s time to cut their unsatisfactory EHR software loose. If you’re debating whether it’s time to trade your underperforming EHR for something better, keep reading…   This has been called the “Year of EHR Replacement.” But once the initial investment is made, some practices are reluctant to make a change, even when the EHR is not serving their needs and reducing productivity.   It’s time to switch if your EHR is:   1.) Late for Certification Deadlines Not

4 Steps to Healthier Accounts Receivables in Your Practice

It happens in most all practices — the time of the month when cash flow becomes an issue. Instead of panicking and finding short-term solutions for long-standing problems, take a minute to consider the bigger picture. How would you like your 0-30 days accounts receivable (A/R) to be 80 percent of your total A/R. Yes, it is possible, and the healthiest practices operate with this percent as a long-term goal. Here are some areas you can look at right now that can quickly boost your dwindling cash flow issue: Bill your claims out daily. Yes, daily. This will immediately result

Do You Know the Top 5 Ways to Improve Your Practice Workflow?

Economic pressures are forcing many practices to look for efficiencies in their workflows. It’s important to perform this type of assessment on a regular basis in order to keep your practice as efficient as possible. A recent article in Medical Economics recommended that practices start with a task list in order to identify inefficiencies and redundancies. We highly recommend that also. Another good idea is simply to ask the staff in your office; some people have good ideas but just don’t speak up because they are reluctant to question the status quo. The staff that perform the tasks may have

How The Affordable Care Act Will Help iMAX Medical Billing Thrive

With the roll-out late last year of the Affordable Care Act (better known as Obamacare), many changes are coming for medical billing in general and for medical billing companies in particular. Let me tell you why it is all good news. First, the facts: Thirty million newly-insured Americans. 32% will gain coverage from Medicaid, 45% from the individual exchanges, and 23% from their employers. (Congressional Budget Office, “Estimates for the Insurance Coverage Provisions of the Affordable Care Act Updated for the Recent Supreme Court Decision,” July 2013). So it should be obvious that doctors are going to have to see

HIPAA Compliance: 5 Things You Should Know

The goal of the new rule was to provide better protections for patient information. For health providers and IT companies, it’s all about compliance. Non-compliance can bring stiff penalties from the Office of Civil Rights and The Department of Health and Human Services. Have you ensured your office is aligned with the new requirements? Here are five things to check: Business Associate Accountability. The new rule expands how “business associates” are defined. In a nutshell, any company that sends or regularly accesses patient data is a business associate. This opens up a huge arena of liability. Each associate is responsible

ICD-10 Delayed Until October 2015

This afternoon, the Senate approved a temporary patch to the sustainable growth rate (SGR) payment formula that will prevent deep Medicare payment cuts for another year and also delays the implementation of ICD-10 to October 2015 at the earliest. The decision came four days after a swift House vote in favor of the Band-Aid approach within a bill that also delays ICD-10 for at least another year and postpones compliance with the controversial two-midnight rule and recovery audits of medically unnecessary claims until March 15.

ICD-10 Delay to 2015?

March 25th the House Rules Committee authorized legislation to go to the floor of the House that would delay the ICD-10 transition until October 2015.  Under this bill, the Secretary of HHS would be prohibited from mandating the use of ICD-10 until October 2015. Yesterday the House passed legislation to delay the scheduled ICD-10 implementation until October 2015.  The Senate is slated to vote on this bill late Monday afternoon.  Indications are that the Senate will go along with the House-passed bill. “Doc Fix”: Prevents the 24% cut in reimbursement to doctors who treat Medicare patients on April 1, 2014 and