"The one thing doctors should be doing is making sure their patients have their address correct with Medicare," says Phillip Allen, billing service manager with MediSYS.
Last year, a medical practice lost over $30,000 in revenue from skipping a basic step in the billing process. "These are billing 101 mistakes," says Sae Evans, CPA, with Warren Averett.
"If providers utilize their IT to its fullest potential through an EHR, then they're going to be able to maximize their Medicare reimbursement in 2019," says Carrie Gulledge, director of EHR with MediSYS.
On September 8th, Medicare announced two more ways to participate in the upcoming shift to the Medicare Access and CHIP Reauthorization Act (MACRA). "There are four different payment programs now, since the release of the pick-you-pace model," says Carrie Gulledge, RHIA, director of EHR with MediSys. "They allow providers to test the waters with their toe or jump all in."
"Patient Portals are continuing to evolve, like all medical software," says Jimmy Chapman, president of MedConnect, which makes the EHR distributed by MediSYS in Alabama. "Portals will change communication between physicians and patients."
With just two Medicare exam codes, a physician raised her revenue by $45,320. “So many services that patients are eligible for, like preventative care visits, don’t get utilized by providers, and many are already performing the services,” says Julie Thompson, billing supervisor at MediSYS.
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