Time does move fast. Are you ready for Fall 2017, and what about welcoming in 2018? Here are a few tips and insights to help you meet the needs of your practice, billing requirements, and increase revenue. Keep an eye on our blog - and your inbox - as we share more details on each topic in upcoming articles.
Updates on ICD-10 Coding starting Oct 1 2017
You should be ready for the thousands of mandated code updates impacting patient claims beginning on October 1, 2017. Required system updates need to be incorporated into every EMR, PM software, clearinghouse, and superbill, as well as all staff members (including physicians) need to be trained.
New Medicare Cards
Known before as the Social Security Number Removal Initiative (SSNRI). The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 requires the removal of Social Security Numbers (SSNs) from all Medicare cards by April 2019. A new Medicare Beneficiary Identifier (MBI) will replace the SSN-based Health Insurance Claim Number (HICN) on the new Medicare cards for Medicare transactions like billing, eligibility status, and claim status. The biggest reason for removing the SSN off of Medicare cards is to help fight medical identity theft for people with Medicare.
Many practices still don't do proper eligibility checks before patients are seen. Make sure you are taking advantage of the many tools available to capitalize on this valuable pre-visit step.
With most practices using EMR, how many of us really know about the signature requirements that CMS is mandating?
It's not too late if you haven't thought about this massive change yet. There's still time to work on it and definitely avoid the penalty, maybe even earn an incentive, too. First and foremost, check to see if you are required to participate or are exempt.
Does your front office staff, or billing staff use the Medicaid portal? It's a very useful tool. Sign up now to access the free Medicaid portal and answer questions as it relates to your patients with confidence.
Medicare Preventative Codes
Many practices are leaving money on the table by not utilizing the preventative codes for Medicare patients. Are you aware of all the G codes?
Please share your feedback and let us know (email@example.com) which topics you are most interested in. We'll write more about these in our next post.