Blog
Navigating the patient revenue cycle is something that all Orthopedic practices must become proficient in to gain a profit. When steps of this process are overlooked or done incorrectly, healthcare providers may face decreased profitability and reimbursement for the services they provide. HIS is proud to partner with Health iPass, a system designed to optimize the patient revenue cycle and ensure that orthopedic providers collect all owed revenue from patients.
If you are involved in the healthcare industry, you are well aware of the prevalence of scope of practice laws, or SOPs. These laws define and specify the tasks (including procedures, actions, and processes) that healthcare providers at different levels can perform. These laws also govern the level of oversight required for specific tasks, and […]
As of early October, the Centers for Medicare & Medicaid Services (CMS) began to implement the Bundled Payments for Care Improvement - Advanced Model. This model builds upon the BPCI that ended on September 30th, and will run until the end of 2023.
Running an orthopedic practice means that you must always be aware of changes to coding and policy in the industry, so that the information you submit and care you provide is up to date, accurate, and abides by all necessary rules and regulations.
In recent months, CMS issued the 2018 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) final rule. This, in effect, changes the rates and quality provisions for 2018.
What is the CMS Medicaid Integrity Strategy? The Centers for Medicare & Medicaid Services (CMS) developed the Medicaid Integrity Strategy to combat abuse, fraud, and the waste of Medicaid dollars. The Medicaid Integrity Program was the first comprehensive Federal strategy aimed at combating the abuse of the Medicaid program. This program aims to keep Medicaid […]
What are QPP Tools? QPP stands for Quality Payment Program. The Quality Payment Program was designed to improve Medicare by helping physicians focus on the quality of care over service volume. Prior to 2015, physicians were reimbursed on a fee-for-service model. In 2015, QPP was introduced, bringing a two track value-based reimbursement system to replace […]
Solving Common Business Challenges for Orthopedic Practices Running an orthopedic practice, or any medical practice for that matter, requires a delicate balance of business and clinical expertise. Orthopedists want to focus on providing the highest quality medical services possible, but at the end of the day, they also have a business to run. This can […]
We’re currently in a digital-first age. If your business – yes even your orthopedic practice – is not on social media, then it is costing you dearly. Social media is important for so many reasons: it helps you reach and connect with potential patients, it provides a platform for you to share positive stories with your audience, and it establishes your practice as an industry thought leader.
The lifeblood of your orthopedic practice exists in how well your revenue is managed. Accuracy means everything and it’s essential to your bottom line. There’s no better solution than keeping your internal operations of your practice at peak efficiency and having employees well versed in the industry’s orthopedic billing codes.
Useful Medical Practice SEO Tips The business world experiences insurmountable changes even to the smallest detail on an everyday basis. It’s safe to say that we’re at the height of the digital age and your medical practice must follow suit in order to maximize revenue and onboard new clients in order to increase your online […]
This month’s Cigna policy update is regarding skin substitutes and their updated list of those that are reimbursed for ulcers.