Saying Goodbye to PQRS and Hello to MIPS in 2017

2017 is bringing about changes in the way physicians and medical practices are reimbursed by insurance companies. Physician Quality Reporting Systems, known in the industry as PQRS, was created by Medicare and Medicaid in 2006. However, in 2017, PQRS has become a part of new Medicare quality reporting program known as the Merit-based Incentive Payment… Continue Reading

Helping Patients Understand Their Health Insurance Coverage

Just like people, healthcare insurance plans come in a variety of shapes and sizes. Even when working with the same insurance company, plans can vary drastically. And let’s be honest, understanding insurance terminology is almost like learning a new language. Terms such as PPO, HSA, and HMO are foreign to most average Americans. That is… Continue Reading

The Top 5 Reasons Medical Claims Are Denied

Let’s face it, receiving reimbursements is an important component in keeping your practice up and running. You need these funds to pay staff, purchase supplies, and treat patients. For these reasons and more it can be frustrating when a claim is denied. Unfortunately, denials can make up to 30% or more of a practice’s billing.… Continue Reading

Changing EHRs: Is It Worth It?

Is your EHR difficult to use? Is it slow? Is it time consuming? If you answered yes to any of these questions, it may be time to consider switching EHR companies. Specifically if you adopted an Electronic Health Record (EHR) system back when they were a relatively new technology, you may be missing out on… Continue Reading

Outsourcing Medical Practice Services

Like any business, when you are running a medical practice you are interested in recognizing the most profits. At times, this requires eliminating costs, such as outsourcing medical billing to save on salary expenses, technology costs, and the like. Although medical billing is a surefire way to increase the profitability of your medical practice, there… Continue Reading

6 Tips For Coding Medical Complications

The introduction of ICD-10 brought extensive changes to healthcare coding including the introduction of thousands of new codes, many of which providers are still getting comfortable with. One area that providers have found particularly challenging is the coding of medical complications. Although ICD-10 has made it easier to code complications through the elimination of separate… Continue Reading

3 Practice Management Resolutions for 2017

Each new year brings the opportunity to reflect back on the previous year and outline successes and areas of improvement for your medical practice. From this reflection comes ideas and resolutions on how to better manage your practice in the new year. If your medical practice management resolution for 2017 is to increase profits, Applied… Continue Reading