Tuesday, June 29, 2010
:::Holiday Hours Reminder:::
Friday, June 25, 2010
Deja Vu All Over Again: The Medicare Fee Cut is Pushed Back to November 30, 2010
by Mary Pat Whaley http://www.managemypractice.com/
I don’t know about you but I am emotionally exhausted thinking about and worrying about the on-again off-again cuts in Medicare fees for physicians.
Here’s the scoop: late Thursday evening, June 24, 2010, the House of Representatives passed the ” Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (H.R. 3962)” which includes a delay in the 21+% fee cut. Because the same legislation was already passed by the Senate, it now goes to the President for his signature and it becomes law. It is anticipated that this will happen quickly and CMS will have the MACs start processing new claims with dates of service of June 1, 2010 and later at the 2009 fee schedule plus a 2.2% increase. The MACs will also have to reprocess the claims already paid for dates of service June 1, 2010 and later that were processed with 2010 fee schedule and that big fat cut.
Q: What should we be doing for the next 5 months and 6 days?
A: Have someone in your practice take a video of your providers introducing themselves, telling how many Medicare patients they have and how they can’t afford to see Medicare patients unless the SGR formula is replaced with something that works. The video doesn’t have to be slick – just real. Send it to your senators and representatives. Send it your local TV news. Post it on YouTube. Imagine hundreds of thousands of providers introducing themselves and talking about their patients. It would be powerful.
Related posts:
1. Congress Expected to Further Delay SGR Cut to Medicare Physician Fee Schedule
UPDATE: On June 24, 2010 the House and Senate passed...
2. Medicare Cuts Delayed Again, This Time Until June 1, 2010 UPDATE: On June 24, 2010
the House and Senate...
3. House Bill Would Delay June 1, 2010 Medicare Cuts to 2014 and Provide Modest
Increases In Between UPDATE: On June 24, 2010 the House and Senate passed...
Tuesday, June 15, 2010
CMS Delays Claim Payment Until June 17th, Hoping for Congress Movement to Further Delay or Repeal (?) the SGR Formula
Given the possibility of Congressional action in the very near future, CMS is now directing its contractors to continue holding June 1 and later claims through Thursday, June 17, lifting the hold on Friday, June 18.
This action will facilitate accurate claims processing at the outset and minimize the need for claims reprocessing if Congressional action changes the negative update. It also should minimize the provider and beneficiary burdens and costs associated with reprocessing claims.
Congress Expected to Further Delay SGR Cut to Medicare Physician Fee Schedule Congress has yet to pass a bill delaying the June...
Wednesday, June 9, 2010
Question of the Week: "How do I add a user in DataPlus?"
- A user with administrative rights will need to log in to DataPlus.
- Select "Utilities"
- Select "User Permissions"
- Select "New Entry" (the arrow with the asterisk)
- Type in the new User Id (usually first initial and last name)
- Type in the User Name (Full Name)
- Choose whether to give this user Administrative, Read Only or Custom access.
- Select "Save" (the disk with the pencil)
By default all new user's passwords are set to "tennessee". Each user will be prompted to change their password the first time they log in. If a user has forgotten their password you can reset it back to "tennessee" by clicking: "Reset User's Password to Default".
You can also change a user's access level by scrolling to their username and changing the "User Class" and selecting "Save"
To remove a user from accessing DataPlus simply scroll to their name and click "Delete" (arrow with the red X)
Thursday, June 3, 2010
ARRA Eligible Providers: Who Is Eligible to Receive Stimulus Money and How Much is Available Per Provider?
Medicare Definition of Eligible Provider (EP)
The definition of “hospital-based physician” was recently clarified to include physicians working in hospital outpatient clinics (employed physicians) as opposed to the inpatient units, surgery suites or emergency departments. This still excludes pathologists, anesthesiologists, ER physicians, hospitalists and others who see most of their patients in the ER as outpatients or as hospital inpatients.
The Health Information Technology Extension for Behavioral Health Services Act of 2010 (HR 5040) is a bill in the US Congress originating in the House of Representatives that would amend the Public Health Service Act and the Social Security Act to extend health information technology assistance eligibility to behavioral health, mental health, and substance abuse professionals and facilities, and for other purposes. You can track the bill here.
- FAQ on HITECH, Meaningful Use, Eligible Providers, and the Stimulus Money Where Did the Idea of Meaningful Use of Electronic Medical...
- Forget January 3, 2011! PECOS Date Moved 6 Months Closer – Referring & Supplying Providers New Date is July 6, 2010 Physicians and “eligible” providers received a jolt today in the...
- May 19, 2010 Centers for Medicare & Medicaid Services Special Open Door Forum: Medicare Provider & Supplier Enrollment The Centers for Medicare & Medicaid Services (CMS) will hold...
Tuesday, June 1, 2010
What is the Difference Between Fixed and Variable Expenses in a Medical Office?
by Mary Pat Whaley http://www.managemypractice.com/
Operating expenses fall into two categories: fixed and variable. Your fixed expenses are the same from month to month regardless of whether you are seeing patients or not. Your variable expenses change from month to month based on the volume of business you do and what is needed to support that volume of business. Purchases that fall under the operating expense category are less than a pre-determined amount – maybe less than $500 in a practice or less than $1000 in a hospital. Any purchase over that amount will be a capital expense (defined as having a usable life of more than one year) and will appear on your monthly expense statement as depreciation.
Fixed Expenses
- Rent/Mortgage
- Utilities: electricity, water, garbage, cable, alarm system
- Janitorial and Groundskeeping
- Computer System: monthly maintenance
- Phones: monthly maintenance
- Leases: copiers, transcription equipment, some medical equipment
- Malpractice Insurance
- Other Insurance: general, business interruption, directors & officers, umbrella
- Depreciation
Variable Expenses – Typically when you are looking at reducing expenses, you will look first at your variable expenses, seeing what you can cut down on or eliminate, or what you can renegotiate.
- Payroll: staff wages, tax match, retirement plan match, bonuses, annual raises
- Benefits: health insurance, life insurance, dental insurance, vision insurance, disability (long term, short-term), worker’s compensation, unemployment
- Computer System: additional licenses, charges for claims, statements, eligibility
- Phones: repair, new lines, new jacks, voice mail changes, cell phone plans, pager plans, answering service, Yellow Pages (hopefully minimal),
- Inside: pest service, plant service
- Medical equipment: small instruments, exam room lamps, Mayo trays
- Laundry: gowns, sheets, towels, shorts, lab coats
- Consumables: (medical – built-in to the price of the service) table paper, syringes, x-ray film, lab supplies
- Consumables: (medical – charged separately to the patient) allergy serum, durable medical equipment
- Consumables: (office) copy paper, toner, kitchen and bathroom supplies, pens
- Printing: encounter forms, appointment cards, Rx pads
- Education: (staff) continuing education, license renewal, CPR, coding updates, dues, subscriptions
- Perks: uniform allowance, parking, lunches, holiday parties, birthday gifts
- Purchased Services: transcription, radiology over-read, accountant, lawyer, consultant, auditor, inspector, outsourced billing, collection agencies
- Marketing: advertising (print, TV, radio, direct), sponsorship of events, meet & greet with referrers, holiday gifts, website
Related posts:
- Dear Mary Pat: Should a Medical Office Manager Eat Lunch With the Staff? A reader recently posed the question “Should a medical office...
- Dear Mary Pat: What Is the Best Way To Hold Staff Meetings? Why are staff meetings important? They are important because face-to-face...
- 101 Ideas for Increasing Revenue and Decreasing Expenses in Your Medical Practice BUILD ON WHAT YOU’RE CURRENTLY DOING: 1. Add physician...