Planning and preparation should keep practices' accounts receivable from altogether stalling once ICD-10 implementation hits in October 2014, according to a Healthcare Finance News report.
ASC Coding, Billing & Collections
CMS has updated its 1500 Claim Form to prepare for the ICD-10 code set.
Indianapolis-based Zotec Partners has acquired Medical Management Professionals, a medical billing and practice management company.
Aetna has agreed to pay up to $120 million to settle a lawsuit claiming the insurer underpaid physicians for out-of-network services, according to a Law360 report. Read the article at Becker’s Hospital Review.
SourceMedical appointed Richard Barnes to serve as its regional vice president of sales in the western region, located in Birmingham, Ala.
Advertisement
Medicare inappropriately filled $6 million in claims for diabetes testing strips in 2011, according to a report from HHS' Office of the Inspector General.
The gap between Medicare payment rates and physician practice expenses continues to grow, according to a Medscape report.
As managed care contracts move away from grouper-based methodologies, it's common for payers to casually refer to their new methodology as "Medicare-based;" in reality, however, it is very rare that a payer strictly follows Medicare's payment methodology for commercial products.…
Physicians may be able to recoup costs for the discarded, unused portion of a drug, according to AAPC.
A poll from the American College of Physician Executives questioned whether Medicare should release payment data to individual physicians, with the answers relatively split.