May 2015

ICD-10 Preparedness Survey: Are You Ready?

Anesthesiology, Billing, Coding, Compliance, Electronic Health Records (EHRs), Emergency Medicine, General, Hospital Based Practices, Hospitalists, Office Based Practices, Practice Management, Primary Care, Radiology /

The transition to ICD-10 will impact very aspect of your practice including processes, systems and staff. As the October 1, 2015 deadline approaches, take this opportunity to check in on your progress by answering the following questions for your practice. 1. We have evaluated superbill alternatives to accommodate the new ICD-10 code set? 2. We […]

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Key Performance Indicator: Collection Percentage

Anesthesiology, Billing, Business Intelligence, Emergency Medicine, General, Hospital Based Practices, Hospitalists, Key Performance Indicator (KPI), Office Based Practices, Practice Management, Primary Care, Radiology, Urgent Care /

Perhaps one of the most overused yet least significant KPIs, Collection Percentage measures what percent of accounts are being collected for a medical practice. Consider Practice A that collects 95% of a $50 charge ($47.50), and Practice B that collects 80% of a $75 charge ($60.00) for the same level of service. Would you rather

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