SlideShare une entreprise Scribd logo
1  sur  2
Télécharger pour lire hors ligne
End to End Medical Billing Solutions
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 M.D.C.P. All Rights Reserved.
Page 1 of 2
Cardiologists Handle New Regulations and Coding Changes in 2013
with Efficient Medical Billing
Cardiologists are likely to face an entirely new scenario with respect to regulations and coding in the upcoming
future. With healthcare industry implementing constant reforms and the government as well as private insurers
subscribing to increasingly efficient methods of medical billing and claim filing, cardiologists can’t afford to lag
behind. In addition to providing quality care to patients, Cardiologists are expected to follow regulations norms and
update their billing practices as per new coding guidelines.
Some of the imminent changes in 2013, which can affect billing and collections, are –
• New updates in CPS and HCPCS Level II codes, Place-of-service coding errors
• Noncompliance with Assignment rules and Excessive billing of beneficiaries to be penalized
• Inappropriate payments in 2010 by Medicare to be appropriated in 2013
• Questionable billing in electro-diagnostic testing to be introduced
• Part B payments for Glycated Hemoglobin A1C tests to be updated
• Claims processing errors to be corrected with regards to the Medicare payments for Part B claims with G
Modifiers
• Use of Modifiers during Global Surgery Period to be evaluated and managed
In addition to these regulatory changes, there will be reduction in reimbursements and payouts to Cardiologists for
office testing and medical services. This would mean financial turmoil for many Cardiology practices that are not
maintaining efficient billing practices. With reduced government support, Cardiologists will have to manage their
revenue cycles more carefully in order to remain financially viable. Thus following billing practices could be adopted
by Cardiologists for better productivity and efficiency –
• Updating your billing system with coding changes at a regular interval. CPS and HCPCS coding changes can
be readily monitored by keeping in touch with medical publications and coding manuals
• Educating your staff regarding regulatory changes and the expected impact of the same on your billing and
collection practices
• Checking with insurance provider for pre-authorization and medical coverage details at the registration
stage itself, in order to avoid claim denial later on
• Managing claim filing process and revenue cycle as per the requirements of insurers and reimbursing
bodies
• Monitoring outgoing information and incoming requests or notifications from insurers regarding claim
settlement, disputes, document requirements and regulatory changes
• Install a denial management system in place to track the reasons and trends in denied claims
• Resubmit corrected claims or file appeal for denied claims with in a turnaround time of 48 hours or less.
Ensure review of medical codes, document requirements and grounds of appeal before taking any action
• Streamlining revenue and accounts to absorb the penalties and costs incurred by audit actions
End to End Medical Billing Solutions
http://www.medicalbillersandcoders.com
www.medicalbillersandcoders.com
Copyright ©-2013 M.D.C.P. All Rights Reserved.
Page 2 of 2
• Adhere to all regulations pertaining to laboratory tests and electro-diagnostic tests. With decreased
reimbursements and specific guidelines for conducting tests, even a minute oversight can prove to be
expensive for your practice
Medicalbillersandcoders.com has been serving varied specialists including Cardiologists across all 50 US States for
over a decade now. Our billing and coding experts can help you in handling new regulations and coding changes by
creating an efficient medical billing system for you. We provide meticulous attention to detail and dedicated
adherence to regulation and codes for billing practices. Our group of experts handle every detail, allowing you and
your cardiology practice to focus on qualitative patient care.

Contenu connexe

En vedette

Courseproposalsummary
CourseproposalsummaryCourseproposalsummary
CourseproposalsummaryCandace Gwen
 
Chat 7 blessed are the afflicted
Chat  7   blessed are the afflictedChat  7   blessed are the afflicted
Chat 7 blessed are the afflictedClaudia Nunes
 
Drift - ItaliaDesign 2009
Drift - ItaliaDesign 2009Drift - ItaliaDesign 2009
Drift - ItaliaDesign 2009Ross Papa
 
Criminal respnsibility: recommendations
Criminal respnsibility: recommendationsCriminal respnsibility: recommendations
Criminal respnsibility: recommendationsyourlegalconsultants
 
Caixa de recados do fã clube editação
Caixa de recados do fã clube   editaçãoCaixa de recados do fã clube   editação
Caixa de recados do fã clube editaçãoJaquelyne Balsani
 
Copa dos clubes campeões tabela (16)
Copa dos clubes campeões   tabela (16)Copa dos clubes campeões   tabela (16)
Copa dos clubes campeões tabela (16)FPF PE
 
Citi's 3rd Annual Brazil Equity Conference
Citi's 3rd Annual Brazil Equity ConferenceCiti's 3rd Annual Brazil Equity Conference
Citi's 3rd Annual Brazil Equity ConferenceAES Tietê
 
Competency is key when hiring intellectual talent
Competency is key when hiring intellectual talentCompetency is key when hiring intellectual talent
Competency is key when hiring intellectual talentbrand2shoes12
 

En vedette (10)

Dani y alba 2º b
Dani y alba 2º bDani y alba 2º b
Dani y alba 2º b
 
Courseproposalsummary
CourseproposalsummaryCourseproposalsummary
Courseproposalsummary
 
Chat 7 blessed are the afflicted
Chat  7   blessed are the afflictedChat  7   blessed are the afflicted
Chat 7 blessed are the afflicted
 
Drift - ItaliaDesign 2009
Drift - ItaliaDesign 2009Drift - ItaliaDesign 2009
Drift - ItaliaDesign 2009
 
Criminal respnsibility: recommendations
Criminal respnsibility: recommendationsCriminal respnsibility: recommendations
Criminal respnsibility: recommendations
 
Caixa de recados do fã clube editação
Caixa de recados do fã clube   editaçãoCaixa de recados do fã clube   editação
Caixa de recados do fã clube editação
 
Copa dos clubes campeões tabela (16)
Copa dos clubes campeões   tabela (16)Copa dos clubes campeões   tabela (16)
Copa dos clubes campeões tabela (16)
 
Citi's 3rd Annual Brazil Equity Conference
Citi's 3rd Annual Brazil Equity ConferenceCiti's 3rd Annual Brazil Equity Conference
Citi's 3rd Annual Brazil Equity Conference
 
Competency is key when hiring intellectual talent
Competency is key when hiring intellectual talentCompetency is key when hiring intellectual talent
Competency is key when hiring intellectual talent
 
Caja4landingpage
Caja4landingpageCaja4landingpage
Caja4landingpage
 

Plus de Medical Billers and Coders

Will fee for-value billing model lead to employee attrition in healthcare
Will fee for-value billing model lead to employee attrition in healthcareWill fee for-value billing model lead to employee attrition in healthcare
Will fee for-value billing model lead to employee attrition in healthcareMedical Billers and Coders
 
How can outsourcing help identify and solve orthopaedic billing challenges
How can outsourcing help identify and solve orthopaedic billing challengesHow can outsourcing help identify and solve orthopaedic billing challenges
How can outsourcing help identify and solve orthopaedic billing challengesMedical Billers and Coders
 
New payment models transform the role of medical billing
New payment models transform the role of medical billingNew payment models transform the role of medical billing
New payment models transform the role of medical billingMedical Billers and Coders
 
The significance of responding to orthopedic billing and coding dynamics!
The significance of responding to orthopedic billing and coding dynamics!The significance of responding to orthopedic billing and coding dynamics!
The significance of responding to orthopedic billing and coding dynamics!Medical Billers and Coders
 
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...Medical Billers and Coders
 
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!Medical Billers and Coders
 
How Best Are Medical Practices Prepared to Address HIPAA Breaches?
How Best Are Medical Practices Prepared to Address HIPAA Breaches? How Best Are Medical Practices Prepared to Address HIPAA Breaches?
How Best Are Medical Practices Prepared to Address HIPAA Breaches? Medical Billers and Coders
 
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...Medical Billers and Coders
 
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...Medical Billers and Coders
 
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...Medical Billers and Coders
 
Life as-medical-billers-coders-in-todays-economy
Life as-medical-billers-coders-in-todays-economyLife as-medical-billers-coders-in-todays-economy
Life as-medical-billers-coders-in-todays-economyMedical Billers and Coders
 
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...Denial management-integral-to-physicians-conquering-reimbursement-challenges-...
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...Medical Billers and Coders
 
Medical practices-anxious-about-the-impact-of-icd-10-transition
Medical practices-anxious-about-the-impact-of-icd-10-transitionMedical practices-anxious-about-the-impact-of-icd-10-transition
Medical practices-anxious-about-the-impact-of-icd-10-transitionMedical Billers and Coders
 
Medical billing services a safe passage for denial and delay management
Medical billing services a safe passage for denial and delay managementMedical billing services a safe passage for denial and delay management
Medical billing services a safe passage for denial and delay managementMedical Billers and Coders
 
Hospitals expand to attract well insured patients despite pressures of health...
Hospitals expand to attract well insured patients despite pressures of health...Hospitals expand to attract well insured patients despite pressures of health...
Hospitals expand to attract well insured patients despite pressures of health...Medical Billers and Coders
 
Uninsured population rate percentage vs. physician’s density ration in texas,...
Uninsured population rate percentage vs. physician’s density ration in texas,...Uninsured population rate percentage vs. physician’s density ration in texas,...
Uninsured population rate percentage vs. physician’s density ration in texas,...Medical Billers and Coders
 
Orienting your support staff to the integrated ehr eco system
Orienting your support staff to the integrated ehr eco systemOrienting your support staff to the integrated ehr eco system
Orienting your support staff to the integrated ehr eco systemMedical Billers and Coders
 
Medical reimbursement issues push physicians to flee hospitals triggering a r...
Medical reimbursement issues push physicians to flee hospitals triggering a r...Medical reimbursement issues push physicians to flee hospitals triggering a r...
Medical reimbursement issues push physicians to flee hospitals triggering a r...Medical Billers and Coders
 
Providers preparing for 5010 enforcement–medical billers and coders need of t...
Providers preparing for 5010 enforcement–medical billers and coders need of t...Providers preparing for 5010 enforcement–medical billers and coders need of t...
Providers preparing for 5010 enforcement–medical billers and coders need of t...Medical Billers and Coders
 
Radiology finding new meaning in “meaningful use”
Radiology finding new meaning in “meaningful use”Radiology finding new meaning in “meaningful use”
Radiology finding new meaning in “meaningful use”Medical Billers and Coders
 

Plus de Medical Billers and Coders (20)

Will fee for-value billing model lead to employee attrition in healthcare
Will fee for-value billing model lead to employee attrition in healthcareWill fee for-value billing model lead to employee attrition in healthcare
Will fee for-value billing model lead to employee attrition in healthcare
 
How can outsourcing help identify and solve orthopaedic billing challenges
How can outsourcing help identify and solve orthopaedic billing challengesHow can outsourcing help identify and solve orthopaedic billing challenges
How can outsourcing help identify and solve orthopaedic billing challenges
 
New payment models transform the role of medical billing
New payment models transform the role of medical billingNew payment models transform the role of medical billing
New payment models transform the role of medical billing
 
The significance of responding to orthopedic billing and coding dynamics!
The significance of responding to orthopedic billing and coding dynamics!The significance of responding to orthopedic billing and coding dynamics!
The significance of responding to orthopedic billing and coding dynamics!
 
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...
Tackling Reimbursement Challenges posed by Inpatient Coding with Professional...
 
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!
Delays in Filing & Un-Timely Follow-Ups can makes Cardiologists Life Miserable!
 
How Best Are Medical Practices Prepared to Address HIPAA Breaches?
How Best Are Medical Practices Prepared to Address HIPAA Breaches? How Best Are Medical Practices Prepared to Address HIPAA Breaches?
How Best Are Medical Practices Prepared to Address HIPAA Breaches?
 
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...
How ‘Malpractice Insurance’ Can Save You from Drowning Financially During Mal...
 
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...
Are Orthopedics Justified in Embracing HIPAA Compliant Orthopedic Billing to ...
 
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...
What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collectio...
 
Life as-medical-billers-coders-in-todays-economy
Life as-medical-billers-coders-in-todays-economyLife as-medical-billers-coders-in-todays-economy
Life as-medical-billers-coders-in-todays-economy
 
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...Denial management-integral-to-physicians-conquering-reimbursement-challenges-...
Denial management-integral-to-physicians-conquering-reimbursement-challenges-...
 
Medical practices-anxious-about-the-impact-of-icd-10-transition
Medical practices-anxious-about-the-impact-of-icd-10-transitionMedical practices-anxious-about-the-impact-of-icd-10-transition
Medical practices-anxious-about-the-impact-of-icd-10-transition
 
Medical billing services a safe passage for denial and delay management
Medical billing services a safe passage for denial and delay managementMedical billing services a safe passage for denial and delay management
Medical billing services a safe passage for denial and delay management
 
Hospitals expand to attract well insured patients despite pressures of health...
Hospitals expand to attract well insured patients despite pressures of health...Hospitals expand to attract well insured patients despite pressures of health...
Hospitals expand to attract well insured patients despite pressures of health...
 
Uninsured population rate percentage vs. physician’s density ration in texas,...
Uninsured population rate percentage vs. physician’s density ration in texas,...Uninsured population rate percentage vs. physician’s density ration in texas,...
Uninsured population rate percentage vs. physician’s density ration in texas,...
 
Orienting your support staff to the integrated ehr eco system
Orienting your support staff to the integrated ehr eco systemOrienting your support staff to the integrated ehr eco system
Orienting your support staff to the integrated ehr eco system
 
Medical reimbursement issues push physicians to flee hospitals triggering a r...
Medical reimbursement issues push physicians to flee hospitals triggering a r...Medical reimbursement issues push physicians to flee hospitals triggering a r...
Medical reimbursement issues push physicians to flee hospitals triggering a r...
 
Providers preparing for 5010 enforcement–medical billers and coders need of t...
Providers preparing for 5010 enforcement–medical billers and coders need of t...Providers preparing for 5010 enforcement–medical billers and coders need of t...
Providers preparing for 5010 enforcement–medical billers and coders need of t...
 
Radiology finding new meaning in “meaningful use”
Radiology finding new meaning in “meaningful use”Radiology finding new meaning in “meaningful use”
Radiology finding new meaning in “meaningful use”
 

Cardiologists Handle New Regulations and Coding Changes in 2013 with Efficient Medical Billing

  • 1. End to End Medical Billing Solutions http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 M.D.C.P. All Rights Reserved. Page 1 of 2 Cardiologists Handle New Regulations and Coding Changes in 2013 with Efficient Medical Billing Cardiologists are likely to face an entirely new scenario with respect to regulations and coding in the upcoming future. With healthcare industry implementing constant reforms and the government as well as private insurers subscribing to increasingly efficient methods of medical billing and claim filing, cardiologists can’t afford to lag behind. In addition to providing quality care to patients, Cardiologists are expected to follow regulations norms and update their billing practices as per new coding guidelines. Some of the imminent changes in 2013, which can affect billing and collections, are – • New updates in CPS and HCPCS Level II codes, Place-of-service coding errors • Noncompliance with Assignment rules and Excessive billing of beneficiaries to be penalized • Inappropriate payments in 2010 by Medicare to be appropriated in 2013 • Questionable billing in electro-diagnostic testing to be introduced • Part B payments for Glycated Hemoglobin A1C tests to be updated • Claims processing errors to be corrected with regards to the Medicare payments for Part B claims with G Modifiers • Use of Modifiers during Global Surgery Period to be evaluated and managed In addition to these regulatory changes, there will be reduction in reimbursements and payouts to Cardiologists for office testing and medical services. This would mean financial turmoil for many Cardiology practices that are not maintaining efficient billing practices. With reduced government support, Cardiologists will have to manage their revenue cycles more carefully in order to remain financially viable. Thus following billing practices could be adopted by Cardiologists for better productivity and efficiency – • Updating your billing system with coding changes at a regular interval. CPS and HCPCS coding changes can be readily monitored by keeping in touch with medical publications and coding manuals • Educating your staff regarding regulatory changes and the expected impact of the same on your billing and collection practices • Checking with insurance provider for pre-authorization and medical coverage details at the registration stage itself, in order to avoid claim denial later on • Managing claim filing process and revenue cycle as per the requirements of insurers and reimbursing bodies • Monitoring outgoing information and incoming requests or notifications from insurers regarding claim settlement, disputes, document requirements and regulatory changes • Install a denial management system in place to track the reasons and trends in denied claims • Resubmit corrected claims or file appeal for denied claims with in a turnaround time of 48 hours or less. Ensure review of medical codes, document requirements and grounds of appeal before taking any action • Streamlining revenue and accounts to absorb the penalties and costs incurred by audit actions
  • 2. End to End Medical Billing Solutions http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 M.D.C.P. All Rights Reserved. Page 2 of 2 • Adhere to all regulations pertaining to laboratory tests and electro-diagnostic tests. With decreased reimbursements and specific guidelines for conducting tests, even a minute oversight can prove to be expensive for your practice Medicalbillersandcoders.com has been serving varied specialists including Cardiologists across all 50 US States for over a decade now. Our billing and coding experts can help you in handling new regulations and coding changes by creating an efficient medical billing system for you. We provide meticulous attention to detail and dedicated adherence to regulation and codes for billing practices. Our group of experts handle every detail, allowing you and your cardiology practice to focus on qualitative patient care.