Patient Payments Simplified

Most practitioners don’t know that you are 50% less likely to recoup a patient copay if they leave your office without paying.  This impacts your cash flow more than you know.

I wanted to share with you a great idea from a great company – Payspan.  Some folks who work with Medical Assistance or any of the Beacon Health Options carriers may be very familiar with logging on to Payspan to pick up their EOPs but they have a great program for helping you get that payment up front that you need.  Check out this webinar if you can.

 

Webinar: Simple Techniques for Accelerating Patient Payments

Join us Thursday, October 6th for the Simple Techniques for Accelerating Patient Payments Webinar

If you missed Simple Techniques for Accelerating Patient Payments Webinar join usOctober 6th, 2016 and let us help you accelerate patient payments.

The abundance of high-deductible health plans is presenting unique revenue challengesfor healthcare providers, and many practices are struggling to quickly and accurately collect patient financial responsibility dollars. There are simple tips and solutions every practice can adopt to increase patient revenue and improve operational efficiency.

SAVE YOUR SEAT TODAY
Please join us on Thursday, October 6, for a complimentary webinar titled, “Simple Techniques for Accelerating Patient Payments.” We will be speaking about:

  • Best practices for dealing with the increase in patient responsibility and high-deductible health plans;
  • Best practices for accelerating patient payments; and
  • Innovative patient payment solutions that will get your practice where it needs to be today.

With the shift to new reimbursement models and the increase in out-of-pocket patient responsibility, it is more important than ever for providers to adopt innovative tools in order to stay financially viable. If you are interested in maximizing revenue in today’s evolving healthcare economy, join us at 2:00pm, EDT on October 6th, 2016.

Sincerely,

The Payspan Team

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ABOUT PAYSPAN
With the largest healthcare network in the U.S., we provide payment automation services that improve administrative efficiency, meet regulatory requirements, and enable payers and providers to manage new reimbursement strategies. We bring together healthcare expertise with proven financial services technology to empower a new generation of healthcare economics. CONTACT US

 

ICD 10 Delayed – Again

The Centers for Medicare and Medicaid Services posted in August 2014 that the road to ICD-10 compliance will be another year longer.  The new date for conversion is 10/1/2015.  As we’ve published before, this conversion is long over due and WILL be coming at some point even if they keep pushing back the date.

This conversion was not a part of the Affordable Care Act, so if you are thinking that if the ACA goes away so will this conversion and that is just simply “head in the sand” thinking.  This is an implementation of a international coding standard and we here in the US are just behind the curve with the rest of the western world in using this new classification system.  We do need to catch up and we eventually will.  Don’t let this conversion scare you out of your practice!  I have had a lot of providers tell me that they will quit first before converting, and that just isn’t practical.  ICD-10 will benefit the medical community by increasing the accuracy of diagnosis coding and allow entitlement programs and insurance carriers to gain more specificity in tracking diagnosis populations.  With more specificity comes more attention which leads to more reimbursement for the provider.

If you are a small practice, I urge you to check out the CMS website for the “Road to 10” implementation map

Road to 10: CMS Online Tool for Small Practices

CMS has released Road to 10, an online resource built with the help of providers in small practices, is now available. This tool is intended to help small medical practices jumpstart their ICD-10 transition.

“Road to 10” includes specialty references and gives providers the capability to build ICD-10 action plans tailored for their practice needs.

Also, VE Cycle Management specializes in providing solutions that are already ICD-10 ready.  We can help!  Contact us today!

So.. Hey, we are looking for funding!

Well, we have made a lot of contacts since Tracy and I really hit the pavement to keep doctors in private practice from being taken over by hospital and insurance conglomerates.  It’s been a rocky road; the recent government shutdown kept the hubby at home and within the last few weeks another contract I’d had has reduced my hours, so I decided that I believe so much in what we are doing, I am not too proud to beg….

As a result, here is our campaign on Indiegogo http://igg.me/at/vecycle/x/1859127 and our campaign on gofundme.com http://www.gofundme.com/vecycle

Our perks are pretty good if I do say so myself!  Go get yourself a T-Shirt or an iPad Mini!!

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