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Holiday Joke of the Day
Joke of the Day
Joke of the Day
Why doctors should outsource their billing??
Time For a Change??

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Holiday Joke of the Day

Just before Christmas, there was an honest politician, a kind lawyer,  and Santa Claus travelling in an elevator of a very classy hotel. Just before the doors opened, they all noticed a $100 bill lying on the floor. Which one picked it up?

Santa, of course, the other two don't exist! :0)

Joke of the Day

Dear Miss Managed Care,

Our HMO has recently expanded its coverage. We now continue to provide care (and bill) our dead subscribers. These subscribers have a very low rate of complaints about our services. However, they have a tendency to be stiff-necked, and unresponsive to repeated calls from our care managers. What is the proper way for our care managers to deal with this new class of subscribers?
                                                                                Sincerely, 

Joke of the Day

Poor old lady...

This old lady walks into the Doctor's office and says, "Doctor, please help me. I have a terrible problem with farting. It's not really a social problem, because you can't smell it or hear it, but I must have farted 20 times since talking to you." The Doctor nods his head and says, "Take this bottle of pills and use them all. When they are all gone in about 2 weeks, come back to see me." The old lady comes back 2 weeks later and is angry. She says "What was in those pills?

Why doctors should outsource their billing??

  1. Billing is not a doctor's "core competency."
  2. Doctors are seeing more patients and need their staff to help them in seeing and processing the patients.
  3. Doctors have trouble collecting money from patients and insurance companies. 
  4. Doctors waste a lot of time and money doing their billing "in-house."
  5. Claims processed in-house do not get submitted in a timely manner.
  6. Doctors (and their staff) do not have time to resubmit rejected claims.
  7. Large numbers of claims are rejected due to staff errors or outdated software.

Time For a Change??

As a practicing physician, your workload is already substantial. Add to that, the responsibility of billing for your services which may also require your constant attention to instituting, upgrading, and perfecting the billing process. Not to mention keeping up eith current and new medical coding requirements and finding ways to stay compliant with the HIPAA privacy and security standards. Trying to accomplish all of this without completely disrupting your office or having to recreate most of your processes can be a daunting task.

Joke of the Day

Doctor’s Contributions
Doctors were told to contribute to the construction of a new wing at the hospital.
What did they do?
 
The allergists voted to scratch it.
The dermatologists preferred no rash moves.
The gastroenterologists had a gut feeling about it.
The neurologists thought the administration had a lot ofnerve.
The obstetricians stated they were laboring under amisconception.
The ophthalmologists considered the idea short‐sighted.
The orthopedists issued a joint resolution.
The pathologists yelled, “over my dead body!

Joke of the Day

Doug was removing some engine valves from a car on the lift when he spotted the famous heart surgeon, Dr. John Lee, who was standing off to the side, waiting for the service manager.
 
Doug, who was somewehat of a loud mouth, shouted across the garage, "Hey Lee. Is dat you? Come over here a minute."
 
The famous surgeon, a bit surprised, walked over to where Doug was working on the car. Doug, in a loud voice that all could hear, said argumentatively, "So. Mr. Fancy Doctor, look at this work.

Don't Keep Your Practice Hanging By Not Collecting Copays & Deductibles At The Front Desk!

Your medical practicecannotafford to allow patients to be billed for their copayments and deductibles.
 
Did you know it isillegaltoroutinelywaive deductibles and copayment amounts? Most insurance carriers do not tolerate this practice because it is a breach of contract. They may view it as giving a patient a discount and making the insurance company pay 100% of the fee. If audited, the federal government can assess penalties for not colelcting deductible payments for patients see with Medicare benefits.

Advantages of Outsourcing Your Medical Billing

Outsourcing has become a very common practice when it comes to medical billing, in today's society.
 
Many practices will find there are many advantages to this industry shift. The concept is not new; outsourcing has been a popular way of conducting business for quite some time. Consider it aneconomic advantage. In medical billing, outsourcing allows for reduction in computer and software costs that would be present if a company were to retain this task. The average computer needed to run these types of programs would be close to $1000, if not more.

Preparing for the ICD-10 Transition

smllBox ICDReady, ICD-10 ReadyMedical practices face two significant deadlines that require planning and testing in 2011. The first deadline,January 1, 2012, is for the adoption of a new standard — the 5010 standard —for electronic claims transactions. This change must be made to accommodate regulatory changes in core billing processes such as claims submission and remission, claim status inquiry, eligibility inquiry, and transaction acknowledgment. The second deadline is the long-awaited (or long-dreaded) deadline for moving from the ICD-9 to the ICD-10 code set.