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Medical Economics Insider: Save your practice

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Medical Economics Insider: Save your practice


Medicare now reimburses physicians and other healthcare professionals for time spent managing patients' transition from inpatient to community settings. Here is the information you need to bill for these services.

Beginning January 1, 2015, medical practices can, for the first time, bill Medicare for the non face-to-face time spent managing care for patients with multiple chronic diseases. But doing so may prove challenging for many practices, at least at first.

The growing national scrutiny of facility fees charged by hospitals is placing many physicians in the difficult position of factoring costs into treatment decisions, and prompting a debate on whether physicians have a responsibility to engage patients on the financial side-effects of recommended treatments.

With the addition of EHRs and patient portals, many practices today are better positioned to incorporate modern processes and procedures to manage their accounts receivables more effectively, particularly by improving collections from patients.

The AMA, along with many regional medical societies, is urging Congress to include another ICD-10 implementation delay to a stalled appropriations bill during the current lame duck session.