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RESOURCES
The Library
Case Study: Stone Oak Ophthalmology Returns to PMRG After One Year
The Stone Oak Ophthalmology Center, a three-provider practice based in San Antonio, Texas, came on board with PMRG as their billing service provider in 2019.
After 3 years of solid work and a strong partnership with PMRG, Dr. Allison Young, the practice founder, was drawn away by the promise of having their EPM, EHR, and billing service all under one company.
It didn’t take Dr. Young long to realize that she had made a mistake.
Clearing up the confusion around VSP COB Billing
This article explains when to use VSP as a secondary or tertiary insurance; how to bill it; and how to communicate this benefit effectively to patients.
The Pros and Cons of Changing Systems
Are you thinking about switching things up and changing your practice management (PM) system, your EMR or both? If you are, you’re not alone! It is important to understand the ramifications of doing so before you get started.
The Importance of Understanding Payer Contracts
Understanding your payer contracts can affect denial of payment as well as the amount and timeliness of reimbursement. Learn more about the provisions you should consider when reviewing potential new or existing payer contracts.
G2211: Visit Complexity Add-On Code Effective January 1, 2024
Many of you may be aware of the CMS evaluation and management add-on code that was introduced in January of this year. According to CMS, “G2211 captures the inherent complexity of the visit that’s derived from the longitudinal nature of the practitioner and patient relationship”.
Documenting and Coding for Social Determinants of Health
Social Determinants of Health (SDoH) are economic or social conditions in the environment that can affect individuals’ health and quality-of-life outcomes.
Billing for Patients in a Skilled Nursing Facility (SNF)
Consolidated billing was established by the Centers for Medicare & Medicare Services (CMS) in 1998 to help eliminate duplicate billings for services rendered to SNF residents by multiple providers. With consolidated billing, an SNF receives a basic per diem rate per level of care for each resident.
Advanced Beneficiary Notice of Non-Coverage (ABN)
There are times when care is not covered by Medicare because they deem the service not medically necessary. In these circumstances, it is vital to make sure that you communicate the likelihood that the service will not be paid for by Medicare and give your patient the option to receive these services but pay for them out-of-pocket.
This communication is called an Advanced Beneficiary Notice of Non-Coverage, or ABN.
The Importance of Understanding CMS National Coverage Determinations (NCDs) and Local Coverage Determinations (LCDs)
National Coverage Determinations (NCDs) and Local Coverage Determinations (LCDs) are created by the Centers for Medicare & Medicaid Services (CMS.) They apply to all Medicare providers to establish how a service will be covered; what criteria is required to establish medical necessity; and what documentation requirements there are for the service.
The Importance of Time Management for You and Your Staff
Time management is the organization of one’s time and activities. Time-management skills are important for health care professionals who must perform a multitude of different tasks throughout the day.
Collecting Patient Balances
Collecting patient balances at the time of service is a key step in your revenue cycle. If your office does not currently have policies and procedures in place for collecting from your patient at the time of the visit, it can be a challenge to implement.
Compliance Plans
Although it may seem the easiest way to be “compliant, if your compliance plan is not personalized for your practice, you could face scrutiny from the OIG.
Vision vs Medical Insurance Guidelines for PMRG Clients
Patients with vision plans will sign a form at the time of service that explains that medical insurance may also be billed when necessary (Regarding Vision & Medical Insurance.)
Knowing Your Insurance Allowables
Building, updating, and maintaining your contracted allowables for the major insurance carriers you are contracted with is a crucial aspect of managing a well-run practice.
Key Performance Indicators (KPIs) for Your Practice
It can be difficult to know what data your practice should be tracking. Most current practice management systems have such in depth reporting capabilities, it can be challenging to find a report or reports to quickly summarize your practice’s data to analyze your metrics and ensure business goals are being met.
21st Century Cures Act and HIPAA Compliance
Patients with vision plans will sign a form at the time of service that explains that medical insurance may also be billed when necessary (Regarding Vision & Medical Insurance.)
Comprehensive Billing Report 202103
Comparative Billing Reports (CBRs) summarize Medicare claims data and distribute it to providers to provide insight into billing trends. Each CBR is unique to a single provider and is only available to that individual provider. CBRs are not punitive and will not be publicly available.
A New Method for Evaluating Your Fee Schedule and Calculating Collection Target
The August/September 1999 issue of Watching Your Bottom Line discussed evaluation of your practice’s fee schedule based on the use of the Resource-Based Relative Value Scale (RBRVS).
Collection Target and Performance Analysis
We’ve looked at charge capture, at productivity and product-line analyses, and at payor mix. We’ve also looked at how our computer systems handle and report data to ensure that we’re getting an accurate picture of our clinical activity translated into financial information. In this issue of the newsletter, we’ll put all of the income data together to calculate a collection target.
Using Your Computer System
Usually a computerized billing system captures and reports information differently from the way you manage your practice’s business. Unless you build a customized program, you will have to understand your computer’s thinking in order to maximize its use as a management tool for your business.