Patients come into your office looking for advice on the best procedure for their needs. They want to know the facts, and they rely on your knowledge and guidance. Being honest about a procedure is important and necessary, yet you don't want to risk them canceling the procedure since as a practitioner, you rely on their business. In order to maintain your clients and still remain truthful, it takes careful thought on the presentation
The transition from ICD-9 to ICD-10 coding has not always been a seamless one for payers, physicians, and other healthcare providers. But resistance to change often isn't a good thing--especially when many experts agree that this particular policy change has the potential to make a dramatic impact on the future of healthcare. Sue Bowman, director of coding policy and compliance at the American Health Information Management Association, recently shared some top reasons why the new ICD-10 claim system can significantly benefit patient outcomes and your clinical bottom line.
About 3.4 million Medicare patients were treated at 5,357 Ambulatory Surgery Centers (ASCs) in 2012, to the tune of $3.6 billion. Performing surgical procedures at ASCs instead of hospitals is more efficient, cost-effective and convenient, resulting in greater patient satisfaction. Furthermore, patients are exposed to fewer resistant bacteria than they would be in a hospital inpatient unit, thereby reducing the risk of infection.
With more patients covered by the Affordable Care Act’s health insurance exchanges, ambulatory surgery centers (ASCs) can expect an increase in patient volume. As patients with high-deductible plans price shop to find the best rates for their surgical procedures, ASCs, which typically cost less than hospital outpatient departments, may capture the lion’s share of these newly insured patients.
Ambulatory surgery center (ASC) finances are comprised of several different factors. ASC administrators can look for ways to improve their bottom lines in each. Reimbursement is, of course, the main source of revenue, and supply chain management is likely to be a significant cause of expenses. Revenue cycle management and supply-chain management go hand-in-hand for a successful ASC. There are methods ASC administrators can use to increase revenue and decrease costs in these areas and create a more financially healthy ASC.
Ebola—a rare, deadly disease caused by infection with one of the Ebola virus strains—affects people and primates such as monkeys, chimpanzees and gorillas. With three cases of Ebola in the United States, and several people being monitored for symptoms, people are starting to panic about catching the deadly disease. In his weekly radio address, President Obama urged people not to give in to hysteria about the spread of the virus, which is not an “outbreak” or “epidemic” in the United States.
Understanding how Ebola is transmitted can reduce people’s fear about catching it. People cannot catch Ebola from the air, water or food. Ebola is transmitted by direct contact with blood or bodily fluids of a person who has symptoms of Ebola disease. Direct contact means that bodily fluids (blood, saliva, mucus, vomit, feces, sweat, tears, breast milk, urine or semen) from an infected person (alive or dead) has touched someone’s eyes, nose or mouth or an open cut, wound or abrasion. People can also catch Ebola by direct contact with objects such as contaminated needles and syringes. Healthcare providers caring for Ebola patients and the family and friends in close contact with Ebola patients are at the highest risk of getting sick because they may come in contact with the blood or bodily fluids of sick patients.
Surgery is now a $500 billion industry in the U.S., with 80 to 100 million procedures performed each year, according to NBC News. The price of surgery has increased, as the per-capita rate of surgery in the U.S. is 50 percent greater than in the European Union. This trend has several driving factors, including safer technologies that are often more expensive to use and reimbursement trends in the healthcare space.
Electronic health records (EHRs) are big news in the healthcare industry, and for good reason. Between their benefits to a practice and their necessity in meeting Meaningful Use requirements, EHRs are an asset that few healthcare organizations plan to do without. Research continues to illuminate their benefits, which tend to outweigh the costs of implementation.