Medicare Changes Take Effect July 1, 2014
The law provided for a 0.5% update for claims with dates of service on or after January 1, 2014 through December 31, 2014.
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WHAT’S THE REAL PROBLEM HERE?
Several months back I had a young doctor shadow me in the office. No doubt this doctor will be an outstanding provider one day, and I will be very proud to call him a colleague. After a patient appointment, the doctor asked me how I determined what the treatment plan would be – a simple question. I responded in kind with a simple answer that the treatment plan was based on the findings. The young doctor looked puzzled.
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Can You Opt out of Medicare
The recent changes in health care have prompted talk of doctors choosing to opt out of the Medicare program. Is this a viable option for you as a chiropractor? Ignorance of the law is no excuse as they say.
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Do Your Patients Understand Their Financial Responsibility?
Almost 40% of patients are now covered by a high deductible health plan, leaving you to collect significantly more from your patients.
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The Difficulty with High-Deductibles
To keep premiums affordable, more families, like my close friends, have transitioned to high deductible insurance. In fact, the number of families that opted for high-deductible plans rose from 20% in 2014 to 29% in 2016, with deductibles so high that, short of having an appendectomy in 2017, it is unlikely they will meet their deductible this year. The average actual charges for a routine office visit billed in chiropractic offices across the country can be around $106. It is easy to understand why many patients never return after the initial visit or report-of-findings.
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59 Modifier Comes Under Fire in Medicare
The 59 modifier is used to indicate to the carrier that a “distinct procedure code” is involved and the procedures should be paid separately.
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Practice Success Starts at the Front Desk
People who make up the bottom tier of a practice’s organizational chart can often have more of an impact on your practice, than most anyone in the office.
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HIPAA Compliance Overview
HIPAA requires us to protect our patients’ Protected Health Information (PHI). HIPAA protects health insurance coverage for workers and their families.
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