Steve On average it takes 3 statements mailed to patients to get paid. With the average cost of postage and paper, mailing 3 statements could cost as much as $2.10 per patient. If you are mailing 500 statements a month that is $350 a month or $4,200 a year. That is just crazy! Solution – Text-a-Statement … Read more
Cash Flow is the life-blood of any organization. It focuses on assuring that all organizations (for profit or non-profit) have a continuing stream of cash to pay their bills and keep providing care to patients. Patients are demanding more convenient care that fits their schedule and does not require them to travel to a physician … Read more
CMS will begin mailing new Medicare cards with the Medicare Beneficiary Identifier (MBI) on April 1. Start using the MBI as soon as your patients get their new cards. The MBI on the new card is effective immediately unless the patient is new to Medicare, in which case refer to the “coverage starts” date on the card. People … Read more
Two new CPT codes may be used to report health risk assessments: 96160, “Administration of patient-focused health risk assessment instrument (e.g., health hazard appraisal) with scoring and documentation, per standardized instrument,” 96161, “Administration of caregiver-focused health risk assessment instrument (e.g., depression inventory) for the benefit of the patient, with scoring and documentation, per standardized instrument.” … Read more
On October 1, 2017, there are new ICD10 codes and old ones will be deleted. Any encounter prior to October 1, 2017, will use the 2017 edition. Here are some of the changes: Starting Oct. 1, it will be possible to select a specific ICD-10-CM code when a patient is in remission from abuse of … Read more
MACRA in 2017 will add new incentives for providers based on use of a certified EHR, submitting quality measures, and meeting of quality and cost control measures. https://qpp.cms.gov/education
ADAPTING to Customer/ Patient Changes Provides Opportunities! We discussed in our last note that the reason that strategic thinking, planning and leadership is now so critical is that all of the key stakeholders, the micro and macro-environment is changing both rapidly and significantly. Stakeholders are any group that has a vested interest in the … Read more
Strategic Winning equals L.A.T.I.N LEADERSHIP is first! Leadership is vital to the success of any organization. Even if an organization has the best competitive strategy it will not succeed unless it has the right leadership. Based on my experience and research leadership must fit the life cycle of the business and the type … Read more
Strategic Winning! L.A.T.I.N!! Having spent many of my years as a corporate strategist, leading my own consulting organization, teaching, writing and lecturing, I tried to summarize what I believe are the essential elements of being a strategic winner. When I wrote my latest book: The Secret To GE’s Success! (that I wanted … Read more
Reasons why Middle Income Class Is in CRISIS and Declining!! The United States is unique because its MIDDLE income have grown, prospered and provided the foundation of its society… BUT THE MIDDLE INCOME is DECLINING and in JEAPODY…I would like to outline some of the reasons for its decline. Reason #1— IMPOSSIBLE TO GROW … Read more
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