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ASC Coding, Billing & Collections

Consultants have advised some large employers they can save money by dropping health insurance in 2014 and sending employees to buy insurance through health insurance exchanges, according to a report by congressional Republicans reported in FOX Business.

The medical loss ratio is finally about to hit the health insurance industry, as health insurers across the country will have to refund $1.2 billion in cumulative 2011 profits, according to a Goldman Sachs analysis in a Bloomberg Businessweek report.

Department of Health and Human secretary Kathleen Sebelius announced a proposed rule that would delay the compliance date for ICD-10 from Oct. 1, 2013 to Oct. 1, 2014, according to an AAPC report.

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According to the April 9 proposed rule from the Department of Health and Human Services, ICD-10 diagnosis codes will be required for billing physician services starting Oct. 1, 2014 — one year after the previous implementation date of Oct. 1,…

Maggie Summerfelt, administrator of Advanced Surgery Center in Omaha, Neb., runs a surgery center that performs more than 50 percent orthopedics. Like any orthopedic-driven center, Advanced Surgery Center must focus on negotiating low costs and generous carve-outs in insurance contracts…

New York Gov. Andrew Cuomo has issued an executive order authorizing the creation of the New York Health Benefit Exchange as a marketplace for consumers and businesses to purchase healthcare plans, according to a Westfair Online report.

Fifty-nine percent of major employers have an account-based health plan option in plan, an increase from 53 percent last year, according to a survey by Towers Watson and the National Business Group on Health and a report in Reuters.

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