Tag: Telehealth Services

Medical coding practices

Telemedicine Trends and Their Impact on Medical Coding Practices

Medical coding practices’ evolve as the healthcare landscape rapidly transforms with telemedicine leading the way and the proliferation of virtual consultations. In addition to the unique challenges and opportunities presented by these changes, it is also important to remember that optimizing medical coding procedures and ensuring appropriate reimbursements are also unique challenges presented by these […]
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3.4%-CUT-in-Medicare-Physician

2024 Medicare Physician Fee Schedule: Changes, Impact, and Updates

The 2024 Medicare Physician Fee Schedule, recently released by CMS, confirms the anticipated reduction in payments for physicians. The finalized conversion factor of $32.7442 represents a 3.4% decrease from the 2023 rates, which themselves saw a 2% reduction from 2022. In contrast, the Medicare Economic Index, a gauge of practice cost inflation, surged to 4.6%, […]
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Telehealth benefits for Private Practices

How Telehealth Can Benefit Small Private Practices

Telehealth has gained widespread acceptance among numerous medical practices and hospitals owing to its convenience, accessibility, and effectiveness in curbing the spread of infectious diseases. However, it’s important to recognize that telehealth is not exclusive to large institutions; small practices can also reap its benefits. Telehealth, also known as telemedicine, revolves around utilizing technology to […]
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CMS Announces Proposed Medicare Payment Reduction of 3.4%

The 2024 Medicare Physician Fee Schedule proposal includes a reduction of 3.4% to the conversion factor that determines Medicare payment rates. This reduction will widen the gap between practice expenses and reimbursement. If the proposal is approved, the new conversion rate will be $32.7476. Here are some other key highlights of the CMS proposal: The […]
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EHR Interoperability

The Future Impact of EHR Interoperability on Health Care IT: A Look into 2023 and Beyond

After years of longing for an update, the U.S. healthcare system is finally undergoing the crucial modernization it desperately needs. Dedicated IT professionals within healthcare organizations are now diligently developing enhanced electronic health records (EHRs) that promise increased efficiency and effectiveness. This transformative process entails integrating EHRs with state-of-the-art patient-access technologies. Consequently, various healthcare practitioners, […]
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Telehealth Rule Changes

Congress Backs Permanent Telehealth Rule Changes

A new bill pending in Congress could make permanent the telehealth changes that proved beneficial to physicians and patients during the COVID-19 pandemic. Additionally, a leading physician group is now backing site-neutral payment for medical services. These two topics have recently been the subject of renewed discussion due to proposals by federal policy makers. CONNECT […]
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Top 6 Medical Billing Changes

The Top 6 Changes in Medical Billing for 2023

The healthcare industry is constantly evolving, and medical billing is no exception. With the ever-changing landscape of healthcare, it’s important to stay up-to-date on the latest changes in medical billing and how they relate to medical billing companies and medical billing services. The Top 6 changes in Medical Billing 1. Implementation of ICD-11 The International […]
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Expanded-Telehealth-Services-Won’t-Lower-Healthcare-Costs

Expanded Telehealth Services Won’t Lower Healthcare Costs

  Contrary to widespread hopes, the growth in telehealth brought on by the COVID-19 pandemic probably won’t lower health care costs. But it may make some services more widely accessible. A new Kaiser Family Foundation study compares average 2020 commercial insurance payments for evaluation and management and mental health therapy claims for services provided via […]
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10-Areas-Impact-Healthcare-Organization-in-2023

10 Areas That Will Impact Healthcare Organization in 2023

In a year when many people have very few resources, it is important for healthcare organizations to strategically identify areas of concern on a unique and broader spectrum. Healthcare business owners and clinicians, from the front desk to the C-suite, should at a minimum conduct a risk assessment of these areas and ultimately have policies […]
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