Effective patient payment collection is crucial for the financial stability and success of a medical office. However, it can be a challenging task to navigate the complexities of medical billing and ensure timely payments. To enhance your medical office's patient payment collections, it is important to implement strategies that streamline the billing process, improve patient … [Read more...] about 10 ways to get patients to pay up
Search Results for: patient payment
CMS posts info on the No Surprises Act for patients
The Centers for Medicare & Medicaid Services (CMS) made available new consumer-friendly web pages for people with easy-to-read information regarding the consumer protections in the No Surprises Act. The No Surprises Act protects people covered under group and individual health plans from receiving surprise medical bills when they receive most emergency services, … [Read more...] about CMS posts info on the No Surprises Act for patients
Schedule payments to boost collections
As a manager of a medical office, you know how important it is to manage the financial health of your practice. One of the biggest challenges you face is collecting payments from patients. However, with the right strategy, you can improve your collections and ensure your practice is getting paid in a timely manner. One effective strategy for improving collections is scheduling … [Read more...] about Schedule payments to boost collections
Model Policy: Patient Billings Collection and Financial Policy
The centerpiece of juggling all of these requirements is to establish a financial policy that tells patients how they will be billed for the services they receive. In addition to laying the legal groundwork for billing and collection, including by a third party collection agency, a well-crafted financial policy plays a key role in providing effective communications with … [Read more...] about Model Policy: Patient Billings Collection and Financial Policy
Make your patients happier with these communication tips
By Mike Rigert Even though modern patients appreciate the ease and convenience of digital communication with your practice through automated text reminders and real-time communication, we can’t lose sight of the importance that personal interaction has in keeping those relationships strong. A HealthGrades study showed that patients’ communication with front office staff are … [Read more...] about Make your patients happier with these communication tips
AMA asks Congress to fix Medicare physician payment system
The American Medical Association (AMA) has warned congressional leaders that the Medicare Payment Advisory Commission (MedPAC) report sent to Congress in mid-March contains flawed analyses that would imperil patient access to high-quality care. The MedPAC report recommended a continuation of the freeze in Medicare physician fee payments but ignores a host of trailing … [Read more...] about AMA asks Congress to fix Medicare physician payment system
Two new telehealth resources for your practice and your patients
In response to the increased use and expanded coverage of telehealth during the COVID-19 pandemic, From Coverage to Care (C2C) released two new resources to support providers and patients in making the most of virtual care: Telehealth for Providers: What You Need to Know – Providers can learn how and when to use telehealth. Topics include how to set up telehealth services, … [Read more...] about Two new telehealth resources for your practice and your patients
Medicare payment upped for COVID-19 vaccine
The Centers for Medicare & Medicaid Services (CMS) has increased the Medicare payment amount for administering the COVID-19 vaccine. This new and higher payment rate will support important actions taken by providers that are designed to increase the number of vaccines they can furnish each day, including establishing new or growing existing vaccination sites, conducting … [Read more...] about Medicare payment upped for COVID-19 vaccine
Warn your patients not to fall for COVID-19 scams
Pharma companies, diagnostics manufacturers, labs and other parts of the healthcare industry have done a commendable job in pivoting in response to the current public health crisis. Sadly, it seems that you can say the very same thing can also be said about the scammers. On Nov. 23, the OIG issued a new alert warning the public about fraud schemes related to COVID-19. The face … [Read more...] about Warn your patients not to fall for COVID-19 scams
The new paradigm for physician compensation: payment for value/quality v. volume
By John McDaniel bio How will physician compensation arrangements be impacted by quality incentive payments with respect to determining Fair Market Value and commercial reasonability? The enactment of the Medicare Access and CHIP Reauthorization Act (MACRA) in November 2016 set forth future options for payment from Medicare, those being participation in the Merit‐Based … [Read more...] about The new paradigm for physician compensation: payment for value/quality v. volume