Category: Billing and Collections

Are Credit Balances Costing You Money?

by Ray Foxworth, DC, FICC, MCS-P | Feb 5, 2020 | Billing and Collections, Documentation, Insurance, Practice Management | 0 |

Often, when we think about reviewing Accounts Receivable reports, we overlook the liability of credit balances. We tend to focus most of our attention on commercial payers and accounts that are over 60-90 days past due, but ignore balances with a credit that, unfortunately, can leave your practice open to numerous business and financial risks.

ICS Responds to CMS Request for Feedback

by Marc Abla, CAE | Jan 22, 2020 | Billing and Collections, ICS Message, Insurance, Legal, Medicare and Medicaid | 0 |

In October 2019, President Trump issued Executive Order #13890, titled “Protecting and Improving Medicare for Our Nation’s Seniors.” Section 5a of this order states “Within 1 year of the date of this order, the Secretary shall propose reforms to the Medicare program to enable providers to spend more time with patients

2020 Medicare Fee Schedule Posted

by ICS Staff | Jan 7, 2020 | Billing and Collections, Documentation, Frequently Asked Questions, Insurance, Medicare and Medicaid, Practice Management | 0 |

The ICS has learned that NGS has posted the new 2020 Medicare fee schedule. All offices should update their fees according to this schedule, as the prior schedule is now out of date. Additionally, it appears that CMS increased the fees for spinal manipulation in many of our regions.

Update Your Medicare Beneficiary Identification Numbers

by ICS Staff | Dec 30, 2019 | Billing and Collections, Compliance, Documentation, Insurance, Medicare and Medicaid, Practice Management | 0 |

As we have indicated in the past, Medicare has changed their patient identification numbers to Medicare Beneficiary Identifiers (MBIs). Up until January 1, these numbers have been strongly suggested. However, beginning in 2020, these new MBIs are mandatory.

New Law is Changing 2020 Medicare Fees

by ICS Staff | Dec 30, 2019 | Billing and Collections, Documentation, Frequently Asked Questions, Insurance, Medicare and Medicaid, Practice Management | 0 |

FCAA impacts Medicare pricing for 2020 and will change your Medicare fee amounts. As a result, Medicare carriers, including NGS, have removed the 2020 pricing from their posted fee schedules.