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Practice Money Matters News & Updates

Advanced Care Planning Billing and Reimbursement

Many providers are not familiar with these codes and are missing out on the reimbursement for these services. Let me explain services provided in order to bill for these codes. The provider discusses and shares planning for the future health care needs of the patient including Advance Directives. Examples of written Advance Directives would … [Read More...]

The Impact of MACRA on Your Future Revenue

What is MACRA? Presently providers are reimbursed on a fee for service basis. Fees that are determined by the SGR formula or Sustainable Growth Rate. MACRA (Medicare Access and CHIP Reauthorization Act) CHIP (Children’s Health Insurance Program) bottom line is the government wanting to reimburse providers based on their quality of care, not … [Read More...]

CMS Announces ICD-10 1 Year Grace Period

There is no delay coming, but for one year after Oct. 1, CMS will pay for all claims that don't have the correct ICD-10 codes as long as the codes used are in the ballpark. This is the biggest of several concessions CMS is making in light of the Oct. 1 deadline and the grave concerns providers have expressed with compliance. These measures will … [Read More...]