The Orthopedic and Reconstructive Center of Oklahoma in Oklahoma City has paid $3.5 million to settle claims by the federal government that it billed payors for medical procedures that were not performed, according to a report by The Oklahoman.
ASC Coding, Billing & Collections
Louisville, Ky.-based Kindred Healthcare will pay $1.3 million will settle allegations that it overbilled TennCare, Tennessee's Medicaid managed care program, according to a report in the Nashville Business Journal.
Rep. Sam Farr (D-Calif.) has introduced a bill that would increase Medicare reimbursement to some California physicians, according to a report in the San Jose Mercury News.
In a letter to Sen. Edward Kennedy (D-Mass.) and Sen. Max Baucus (D-Mont.), President Obama said he was open to giving special considerations to Medicare Payment Advisory Commission recommendations, according to a report in the Wall Street Journal.
1. How do we define accounts receivable (A/R)? The easiest explanation is that it is money owed to the ASC by a patient for services already provided (a type of credit, i.e., unsecured promises by patients to pay in the…
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Recent rankings by Watertown, Mass.-based athenahealth, a leading provider of internet-based business services to physician practices, and Physicians Practice show that national health insurers are paying physicians 5.3 percent faster and denying 9.0 percent fewer medical claims over the prior…
Q: What is the industry standard formula for calculating A/R days? We have struggled with this and our self-pay/workers' compensation tend to keep us about 48 days.
The ASC Communications audioconference Case Study: Improving ASC Billing and Collections featuring Caryl Serbin, president and founder of Surgery Consultants of America and Serbin Surgery Center Billing and an expert on ASC reimbursement and billing, took place on May 20.
Note: The following column appeared in EndoEconomics, a journal published by Physicians Endoscopy. Have you ever wondered if your ASC is efficiently billing and collecting? Are you collecting every dollar that is due? Take the time to review all the…
Michigan Governor Jennifer Granholm issued an executive order to cut $304 million from the state's general fund budget, which included a 4 percent reduction in Medicaid reimbursement for healthcare providers, according to a report in Crain's Detroit Business.