Tuesday 29 October 2013

Latest Medicare cuts and their Impact on Chiropractors Deciphered by Medicalbillersandcoders.com!



Chiropractors across US impacted by the recent Medicare cuts are approaching Medicalbillersandcoders.com for specialized billing service and advice. Especially due to the federal budget sequester cuts (click link to read Medicare notice), where for any Medicare services performed post April 1st, 2013, chiropractic reimbursements are to be deducted by 2%.
MBC experts with more than a decade of experience in Chiropractic medical billing are assisting practices across US to manage the impact of the Medicare cuts in the best possible way, and help procure maximum reimbursements. To do this billing specialists at MBC first assess the impact of the cuts will have on the Chiropractic practice before providing a solution.
Medicare & Chiropractors-

  • The cuts are going to impact all Chiropractic practices including those consisting of a small portion of Medicare patients.  This is because most third party payers use the Medicare fee schedule as a basis to calculate their own reimbursement decisions. (For example- certain Payers Insurance reimbursement equals 150% of the Medicare allowable or few insurance fee schedules are set at 175% of Medicare).
  • With Chiropractors going past the 60 day mark, of the federal budget sequester cut of 2% mentioned earlier, many have noticed a decline in their Medicare reimbursements. However the Medicare patients at these practices are also not on the receiving end of these cuts and continue paying their co-insurance, deductibles or co-pays. This means that Medicare now simply pays the participating physician or the patient in case of a non- participating physician 2% lesser. Hence neither the chiropractor nor the patient benefits, which is along with decreasing the already low Medicare reimbursements; also reducing physician satisfaction.
  • Though in the July 19, 2013 Federal Register, Medicare has depicted interest in whether chiropractors should be paid for Evaluation and Management (E/M) services however, Medicare is not promising to cover E/M services for chiropractors and don’t have any definite plan as of now.
MBC experts in this scenario are regularly updated about any federal changes in regulations and also extra careful while filing Medicare claims for their clients. They are constantly working towards streamlining the practice’s billing process and looking for any gaps in the process to ensure maximum reimbursements.

How does MBC help Chiropractors handle the Medicare Cuts?

In–depth research and expertise in Chiropractic billing has helped MBC billing specialists tackle the Medicare cut implications, and help reduce the negative impact on revenue for various Chiropractic practices across US. MBC billing experts are able to reduce the impact of these cuts by-
  • Constantly tracking the reimbursements for any reduction in payment by payers
  • Studying and evaluating average payments that the practice receive from each of the payers
  • Constantly researching and updating on any new Medicare rules to insure complete accuracy
  • Advising the Chiropractic practice of the most successful pattern of procuring payments
  • Guiding the practices on areas due to which they may be losing more money and methods through which they can procure higher reimbursements
  • Sending  regular reports to the clients and also following up regularly with payers

In this manner MBC helps reduce the impact of the Medicare cuts. MBC billing experts additionally also provide guidance to Chiropractic practices after studying their practice set-up. On identifying the area which are not working well and require streamlining, due to nearly 14 years of industry expertise MBC then provides the best way to tackle these areas, offering a complete practice analysis of your Chiropractic practice.

Tuesday 22 October 2013

How can Outsourcing Help Identify and Solve Orthopaedic Billing Challenges

2013 brought new changes to orthopaedic billing and coding, making timely reimbursements even more daunting for physicians. At a time when reduction in fee schedules and Medicare cuts have affected the financial health of orthopaedic practices, preparation for ICD-10, compliance to new technology and dealing with varied payer mix has increased billing challenges for them
Are these billing challenges eating up your revenue?
Due to time constraint and lack of skilled staff, a significant number of insurance claims get denied and are not re-submitted for appeal, disrupting the cash flow. Billing has become daunting for orthopaedic practices due to various factors including:
  • Various procedures are used by orthopaedics to treat different conditions and diverse payers value and interpret these conditions differently
  • There has been extensive revision in orthopaedic coding in 2013 with 500 code changes in orthopaedic surgical coding along with a complete overhaul of nerve conduction study codes, new spine fusion code and two new sets of elbow and shoulder revision codes.
  • ICD-10 will make coding even more complex and small orthopaedic practices with limited resources will be the worst hit
  • Patient numbers are rising and a hectic schedule is leading to errors in documentation, coding and billing
  • Considering cash flow issues, practices are not able to hire expert billers or invest in the latest equipment and technology
How can you overcome these challenges?
Physicians handling the operational and clinical procedures are left with very little time to balance between the rising billable targets, new coding, billing changes and patient care. Orthopaedic procedures are expensive and since a small error can lead to huge revenue losses, outsourcing your billing services can reap benefits for your practice.
  • With streamlined billing services your account receivable will be managed effectively
  • Your income will improve as experts will be performing round the clock claim processing
  • You will get to enjoy easy access to patient date and other financial information
  • There will be transparency in the revenue cycle
  • A secure network will be solving issues related to billing
  • Quality assurance checks will be performed on a regular basis
  • You will be able to access timely progress reports of a filed claim
If you outsource your billing services, your practice will have a team of experts entirely focused on managing your revenue cycle, dealing with unpaid claims, solving any billing or coding issues and offering you timely feedbacks and reports.
Billing partners such as Medicalbillersandcoders.com have an expert team that offer quality billing and coding services to orthopaedic practices across 50 states in the US. MBC not only helps orthopaedics identify billing challenges caused by healthcare reforms but also offer remedial solutions for tackling underpayments. Our aim is to help you reduce the impact of coding and billing changes on your revenue cycle. While our team of experts handle the headache of claim filing, denial management and follow-ups, you can give more time towards quality patient care.

Friday 18 October 2013

Improve Clinical Workflow and Increase Revenue with Specialized Billing Services

Healthcare reforms have not only increased workload but also forced physicians to concentrate on quality patient care. This leaves them with less or no time to handle the medical billing procedure. When compared to maintaining a regular in-house billing system, outsourcing is more beneficial in boosting efficiency and cash flow of medical practices.
From increasing revenue and payment collection to reducing the cost and headache of hiring and training employees, a specialized billing service can offer various advantages to your practice.
Reduce cost and minimize administrative workload:
  • Your cash flow will increase as the billing partner will ensure accurate submission of medical claims. Since a team of experts will be solely responsible for your billing system, chances of claim denials will reduce
  • Staff size will reduce which will save operational costs of your practice by 30-40% as the expense of paying employee benefits such as insurance benefits, vacation pay, sick pay will be eliminated
  • The cost of training the staff and buying latest equipment and software will also be eliminated because reputed billing companies make use of the latest technology to handle revenue cycle management for clinics or hospitals
  • A specialized billing service will offer you complete transparency and supply you regular comprehensive reports on performance
  • Since you won’t have to micromanage your billing operations, you will get ample time to concentrate on patient care
  • There will be no staff turnover which means no cash-flow interruptions and even while you are on a holiday, your revenue cycle management will continue to function
The best part about hiring a specialized billing partner is the opportunity to utilize latest technology and professional expertise at a low cost. You will not just have better control on your operating costs but patient scheduling, insurance verification and patient enrolment will also become easy.
Outsourcing- a boon for small practices:
A specialized billing team will also help you in making the necessary changes and preparations for HIPAA-5010 and ICD-10. A large number of physicians, especially small practices are outsourcing their billing procedure and related tasks to a billing partner as they have limited staff and limited time to implement new changes, train staff and streamline their billing cycle.
Medicalbillersandcoders.com is the largest consortium of billers and coders, offering one stop solution for all medical billing requirements. Our team has the required expertise to choose the right software for your billing requirements, ensure compliance to HIPAA, help you understand and sail through the new payment models and prepare your practice for ICD-10.

Our aim is to help practices increase revenue flow by reducing claim denials. We also provide consultancy services to practices. MBC has a job board from where you can hire a qualified medical biller or coder for your clinic or hospital. While our experts will be working hard to strengthen your financial health by managing your revenue cycle, you can use the free time to focus on provision of quality patient care.

Thursday 17 October 2013

Rural Hospitals Surviving Healthcare Reforms with a Billing Specialist

In many ways, healthcare reforms have opened doors of opportunities for rural hospitals but the changes in healthcare system have also imposed certain challenges. Rural hospitals are not just facing pressure due to rise in cost of care but reduction in reimbursements has also increased their trouble.
Challenges affecting rural hospitals:
  • Payment from government is declining as rural hospitals are small in size, having modest financial reserves. Majority of patients coming to these hospitals are Medicare patients, typically older and sicker compared to their urban counterparts
  • Amidst financial challenges, reforms have forced rural hospitals to comply with various regulatory requirements such as ICD-10 and HIPAA
  • Hospitals are finding it difficult to provide quality care through aging equipment and there is no money to implement EHR technology, which makes them lose out on incentives
  • Rural hospitals don’t get trained staff, including billers and coders as not many show interest in moving to a rural area. Lack of financial reserves and delayed reimbursements make it difficult to retain them for a long time
  • Lack of skilled staff results in coding and billing errors, which leads to delayed or no payment
  • Due to lack of finance, rural hospitals are at times unable to buy expensive IT and train the staff on how to use new technology
Why is outsourcing- a cost-effective solution?
Considering the financial, operational and regulatory challenges posed by healthcare reforms, the trend of outsourcing billing and coding services to a billing partner has become a popular trend among rural hospitals.
Since a team of skilled billers and coders focus on error-free coding and billing, filing claims, following up with insurance companies, documentation and other administrative functions, rural hospitals don’t have to worry about hiring or retaining staff for such tasks. Effective coding and billing results in reduced claim denials, leading to timely reimbursements.
Timely payments strengthen the financial reserves of rural hospitals, which can be used for buying better equipment for quality care. As the outsourced team handles major tasks, hospitals get ample time to concentrate on patient care.
By outsourcing billing services, rural hospitals don’t need to invest in latest health IT (computer software or hardware) as the assigned billing team will be updated and trained to use the latest billing software at their end. Billing partner will work as per the latest reforms and help the hospital with HIPAA, ICD-10 and other compliance.

The cost incurred in hiring staff, buying software, conducting training sessions and managing other administrative functions at the hospital would be any day higher than hiring a billing partner.  Outsourced hospital billing and coding services offered by Medicalbillersandcoders.com, the largest consortium of billers and coders in the US, have helped medical practices improve their finances. The team at MBC is licensed and trained in accurate claim development, timely follow-up, unique, error-free procedure coding, documentation and electronic filing. While we fulfil your reform requirements, you can concentrate on provision of quality patient care.

Wednesday 16 October 2013

Meeting HIPAA Requirements with a Specialized Cardiology Billing Specialist


Cases of HIPAA violation are rising and even if you are a small practice, you can get on the government’s radar if you fail to protect healthcare-related data. Patient-related information is traded by cardiologists for various purposes, including medical coding and billing and if your staff happens to misuse the data accidentally or intentionally, it can result in criminal as well huge monetary penalties, damaging your credibility and revenue flow.
  • Health data breaches (involving 500 or more patients) increased from 619 to 646 in 2013
  • Theft of patient-centric data has been the major reason for such breaches whereas unauthorized closure/access was the second leading reason
  • Largest number of breaches in 2013 were caused due to paper records, followed by laptops, desktop computers and other portable electronic devices
  • Federal breach notification requirements under HITECH act have been made stricter, increasing legal scrutiny on practices
  • The final HIPAA omnibus rule has included penalty revision for each HIPAA violation category. While one time violation remains under $50k, repeat violations in same year will cost fine of %1.5 millions across all violation categories
Preparation for HIPAA compliancy:
At a time when cardiologists are suffering from reimbursement cuts, handling the enhanced privacy and security enforcements has increased their difficulties. In order to meet the HIPAA requirements, they need to:
  • Conduct assessment of any potential security risks to patients’ electronic data
  • Review established security policies and procedures to determine if enhancements are required in the practice for complying with the rules
  • Perform a risk assessment to find out if your practice is vulnerable to breach of patient information because any incident that involves your patient records will be reported as a breach
  • Remain extra cautious in regards to paper creation, especially if your cardiology practice is sending a fax containing patient data to a third party outside the practice
  • Take the HIPAA rule into account and map your current security program based on it
  • Create unique contractual provisions with business associates of a health plan as HIPAA monetary penalties now apply to a range of vendors and their subcontractors
Time constraint has made it difficult for cardiologists to keep extra vigil on data system, train staff and implement comprehensive set of measures on a regular basis. Many practices are hiring a HIPAA compliant billing specialist who can perform billing and coding tasks while maintaining confidentiality of patient and practice information. A specialized billing partner ensures errors-free coding and billing for timely reimbursements and offers quick response, AR follow-up, EMR solutions, insurance authorization and several secured services with the help of trained staff and latest technology.

Medicalbillersandcoders.com offers HIPAA compliant medical billing services to cardiology practices across 50 states in the US. The expert billers and coders at MBC aim to maximize account receivables by streamlining medical billing and help cardiologists avoid litigations in accordance to the HIPAA Act norms. Our team is well trained in HIPAA compliant healthcare data management processes and systems and can help you balance between your clinical and operational functions.

Tuesday 15 October 2013

MBC Puts its Service Offers to Physicians who Strive to Streamline their Practice this Holiday Season

The Myth that physicians workload lessens its pace during the holiday season has been broken and with the New Year quickly approaching physicians are preparing for some significant changes in running their clinics. A study by RNCOS depicts Healthcare IT spending by physicians and other healthcare is expected to reach $40 billion by the end of this year, with most of it attributed to electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards.
Many doctors due to the pressure of healthcare reforms are taking this time of the year to streamline their practices. According to the “Physician News Digest” due to increased reporting, problematic reimbursement and high potential liability, which place extraordinary stress on physicians, healthcare facilities prefer to partner with companies that specialize in outsourced physician services.
Doctors impacted by healthcare reforms…
Proposed changes to the healthcare system have already significantly impacted physicians and their spending pattern, and are challenging the entire system to deliver improved care. The last quarter has shown phenomenal results and the major reasons of increase in spending by physicians can be attributed to: - the Healthcare Reform Act, the new ICD-10 coding system, and adoption of EHR systems, which will be mandatory by 2015.
Outsourcing billing services – a solution to physicians
As physicians adapt to the new healthcare reforms, face costly regulations and reduced reimbursement rates from Medicare and commercial payers, they are looking at outsourcing their billing and collections. According to the American Medical Association, the top 3 payers, in the US adhere to paying contracted payment rates only 68% of the time.
To overcome these challenges, many physicians are seeking outsourcing partners and medical billing experts to help improve their revenue process. Medicalbillersandcoders.com has observed a spike in the outsourcing of the physicians’ billing requirements across various specialties. The last quarter itself, accounted for 35% growth in outsourcing trends. Physicians seeing lesser patients this holiday season are concentrating on fresh beginnings in the New Year and seek serious help from experts.
Medicalbillersandcoders.com offering optimum solutions in service and technology is becoming the choice across all the states of US to cater to the changing needs of the healthcare industry while meeting reform timelines. Their aim is to help physicians deliver quality care while they have profitable practices. To further incentivize the process of streamlining, Medicalbillersandcoders.com has been making great end of year offers for physicians to motivate them for a profitable new year.
Browse All : Medical Billing Companies, Medical Billing Services, Medical Billing Consultancy

How does Medicalbillersandcoders.com help?
·         Medicalbillersandcoders.com offers hundreds of trained billers well versed in the billing intricacies and issues of each specialty, with hands-on experience in single practices as well as multi specialty clinics and hospitals
·         They have a holistic approach towards Revenue Management as they understand that reimbursement begins with Physicians Credentialing and continues with efficient Denial Management
·         The consultancy services of Medicalbillersandcoders.com has been helping many physicians to start or streamline practices

Friday 11 October 2013

Physicians across all 50 US States now have Access to the ‘Best Billing Practices’ guide with Medicalbillersandcoders.com

  Medicalbillersandcoders.com brings to physicians across all 50 states the ‘Best Billing Practices guide for all their medical billing needs amidst the changing healthcare landscape. MBC to help healthcare providers has come up with this guide to let physicians decide which area of their practice needs the most attention, giving them a sense of control as they obtain feasible and cost effective solutions for these areas.
MBC offers the ‘Best Billing Practices’ guide to physicians
According to the American Medical Association, there are a large number of non-standardized practices in medical billing; and with this innovative billing tool, we are striving to help counteract this trend:
MBC’s Best Billing Practices offers solutions to counteract top 12 problems which mar the collections of most practices:
  1.  Accounts Manager: “Who in my office is in charge of my billing?”
  2. Credentialing:  “To do or not to do? – Adds new patients and new administration tasks!”
  3. Clearing House: Is there a Specialist in my office who can overlook this process?
  4. Cost of Hardware & Maintenance: “IT has become indispensible in healthcare set ups”
  5. Accounts Receivables: Can you assign individuals to solely concentrate on AR?
  6. Handling a varied payer mix: “Do you have time to negotiate with all these payers?”
  7. Coding becoming tougher: “If you thought there are a lot of codes that a practice needs to deal with till date, then think again. “
  8. Financial Leakage: “If your clinic is undergoing financial leakages chances are that nobody is willing to tell you about it till the end of the year.”
  9. Pre visits: “Authorizations and pre-visits result in fewer reimbursement claims turned down.”
  10. Staff related issues: “In-house staff issues need to be looked into regularly.”
  11. Administration tasks: “Is your staff constantly trying to balance the administration functions with the billing functions?”
  12. Compliance & Regulation: “Keeping up with the various compliance and regulations amidst healthcare reforms. “
The Best Billing Practice guide to help you understand what is needed to achieve - A State-of-the-Art Billing Department:
MBC’s best billing practice guide step by step addresses clinic’s day to day problems where Doctor’s medical billing is changing every day- as payers make new regulations or change their claims negotiation procedures. Staffing or technology problems occur, errors go undetected and billing managers struggle to manage their daily workload, with most locked in a pattern of immediate solution but not focusing on effective management of the total operations.
MBC’s best billing guide attempts to make it easier for physicians in reaching a permanent and effective management solution to this problem - Through a question answer format MBC takes the physician through each of the 12 issues mentioned above, hence giving a clear perspective to the physician whether it is practicable and easier for him to streamline that part of his medical billing- by balancing their daily workload, issues and revenue amidst new regulations by choosing viable options. 


  With more and more physicians looking for affordable options to manage their medical billing, MBC’s billing and coding professionals are charged up for the change to make physicians billing services affordable and this guide is one of the steps being taken towards this endeavor.

Thursday 10 October 2013

MedicalBillersandCoders.com Launches a Job Board For Medical Billing And Coding Professionals Across All 50 US States

  Healthcare recently has been experiencing a shortage of healthcare professionals, in response to this shortage, MBC in continuation with providing trained professionals to the industry, has launched a job board to lessen the complexity of bringing physicians and coders together, eventually working as an easy-to-use interface between them through the facility on job listing.
The shortage of healthcare professionals is pushing various healthcare providers to handle their billing responsibilities via non-specialized staff, inviting the possibility of rejected insurance claims by Medicaid and Medicare and eventually dented revenues. To combat this MBC has introduced its job board providing an opportunity to medical Billers and Coders to access new avenues across all 50 US states.
How is MBC helping address this shortage?
MBC believes this shortage persists not only because there aren’t enough medical coders available in the US, but also a requirement of more platforms or mediators with an extensive reach across US States to bring them together.
MBC’s years of experience in the healthcare industry gives it a formidable advantage to make a difference through the job board, by helping not only established coders find employment but also new coding entrants making it easy for them to get appropriate jobs in the industry.
How will the Job Board help the job seeker and healthcare provider?
The job board is detail- oriented, easy to use and works for employers just as easily as it works for the job seeker (billers and coders). The employer can post a job in three easy steps:
  1. By filling a form specifying the practices’ requirements
  2. Specifying language and skill sets of preferred candidates
  3. Mentioning benefits provided to the shortlisted candidates
More Info : Post Your Medical billing Jobs Requirement
On the other hand, job seekers in simple steps need to:
  1. Browse through various job listings and can additionally browse jobs by state
  2. Select and apply for the appropriate job along with uploading their resumes
More info : Medical billing Jobs
MBC’s job board is not a standalone site but a part of MBC’s main portal and apart from being a job facilitator, the portal will also double up as a window for the visitor into MBC’s service offerings and news and articles related to the US healthcare industry available on MBC’s portal.
Healthcare providers looking to staff or build an in-house team of coders and coders looking to kick start their career or get that job which will further it, are invited to register with MBC on our user-friendly job board and find access to numerous candidates and employers. With various In-house job opportunities posted to MBC regularly, sincere job seekers visiting these postings will benefit automatically through the job board.

Wednesday 9 October 2013

How to Prevent Shrinking Bottom-Line With A Streamlined Internal Medicine Billing Process

Many Internal medicine practices in the US face the challenge of a shrinking bottom-line; mainly due to the diverse aspects of the specialty – diagnostic, preventive and curative. Internal medicine treatment has a collaborative nature where the treatment episode depends on or collaborates with different diagnostic laboratories and focused care centers owing to the various aspects involved in the treatment episode.
This provides financial challenges to internists as it leads to complications in billing and coding; especially as claims require joint coding of services and also the knowledge of the lab tests that are covered and ones that are not covered. Another source of financial challenge that internists face are that the various health disorders internal medicine deals with; involve a variety of separate codes.
Most commonly-faced challenges include-
  • Accurately coding peripheral tests and processes like injections, removal of skin tags, etc
  • Keeping track of frequent changes to ICD-9-CM and CPT codes for numerous treatments included in internal medicine
 Frequent errors faced in claim preparation-
  • Selection of wrong codes
  • Use of generic protocol instead of patient-specific physician orders
The issues above also leave internal medicine physicians in a poor position to transition to ICD 10 by Oct. 2014. And experts say that an unsuccessful transition to ICD 10 will cause a negative impact especially due to the regulatory changes brought on by the Affordable Care Act on reimbursement.
Hence, a successful transition is mandatory and will require analysis of the current and past claims to identify billing and coding, and reimbursement risks related to ICD 10 transition. Practices will also need to check their ICD 9 documentation for gaps because if there are coding errors in ICD 9, then the prospect for a successful transition to ICD 10 is bleak. This document audit will help physicians spot what’s working and what needs fixing.
MBC’s Revenue Management Consulting services can help you with this by assessing your in-house revenue management cycle and ensuring that there is sound coordination between various components of healthcare facilitating smooth flow of medical data. MBC also provides RCM services which have enabled physicians to accurately document their medical services and related activities, by usage of CPT and diagnostic codes correctly, investigating rejected claims, gleaning insights from them and performing self audits.

Medicalbillerandcoders.com, the largest consortium of billers and coders in the US, has been helping several small to medium size internal medicine practitioners with its Outsourcing services handling the entire range of activities involved in billing and coding, so that they can solely concentrate on healthcare even as they improve their finances. If you don’t need the entire suite of services, you can choose such parts of MBC’s services as will exactly fit your billing and coding requirements, such as post-submission follow-up or only claim submission.


Monday 7 October 2013

MBC Puts Forward Medical Billing Services to Physicians Facing Mid year Crisis

  As almost one-half of 2012 approaches, US Physicians who facing denials and have not yet collected enough are opting for outsourcing medical billing services with Medicalbillersandcoders.com in tandem with this trend experiencing high demand for its services.
Physicians facing Midyear Crisis
US Physicians this time of the year especially those who are facing a midyear crisis are highly motivated to revisit their billing process to make modifications, endeavoring to end the year profitably.
MBC also as part of this endeavor is providing consultation to such clients during their midyear review in various areas of the practice like:
  • Billing & collections
  • Cash flow management
  • Potential revenue sources
  • Personnel salaries
  • Operating expenses
With the altering healthcare landscape physicians are facing challenges in various areas of their practice this year, resulting in many physicians acquiring scarce collections as they reach midyear. The advance & changes in technology, template issues with electronic health records and electronic medical records systems, increasing malpractice insurance premiums, Medicare cuts along with higher wage demands and employee turn-over are just a few of the challenges.
Medical Billing Outsourcing
Medicalbillersandcoders.com this year has witnessed an advent in Medical billing demand as health practitioners increasingly find it difficult to efficiently carry out billing processes on their own suffering revenue losses owing to billing errors.
Healthcare practitioners with MBC are benefiting from:
  • Shrinking Medical Billing processing costs by 25% to 30% annually without capital investment
  • Consultation and improved management control over the Medical Billing Process
  • Application of MBC’s Best Billing Practices
  • Assistance with in-house medical coder & biller specialist placements

MBC’s Medical billing specialists can improve both practices and hospitals bottom lines by way of faster and more accurate claims submission and processing. Healthcare practitioners whether midyear or any other time of the year, looking to immediately streamline their revenue process are engaging themselves with MBC to utilize their revenue management & consultancy services across the 50 states.

Friday 4 October 2013

Medicalbillersandcoders.com invites an Expert Panel of Billing Specialists



Medical Billers and Coders consistently update themselves and strive to remain ahead in the ever-so-competitive field of medical billing.  We identified gaps in the market and set ourselves the challenge of meeting industry requirements. With payer denials on the rise and physicians facing loss of revenue due to proposed re-imbursement cuts, the need for proficient billing and coding specialists has never been felt more strongly before. MBC has a dedicated job portal that screens skilled coding and billing professionals but we feel there is a need to do more, hence we are creating a panel of experts who are pioneers in their field and can bring with them extensive billing and coding experience.
The outcome we are trying to achieve by doing this is:
  • To establish a specialist’s panel who can advice and guide physician practices/ group practices & hospital departments and lend the expertise they have accumulated by working with specific specialties over years.
Billing and coding specialists remain behind the curtain but without their expert knowledge the healthcare industry wouldn’t be what it is today. MBC wants to be ‘the platform’ for those specialists who wish to share their knowledge and guide physicians and hospitals to optimize their revenue by applying the best ways of billing and coding practices. Hence, MBC would like to invite experienced professionals with proven capabilities, who have handled case studies and enriched their knowledge by venturing into various arenas of medical billing.
The Panel will consist of:
  • Specialists with more than 15 years of experience in a particular specialty
  • Professionals with advanced knowledge of Medical Billing functions
  • Experts with know-how of certain best breed software and specific payer dealing
By sharing this vision with MBC, billing and coding specialists can give a voice to their opinions and help physicians in the complex ways of medical billing. So far, healthcare providers have felt the noticeable absence of a public forum where advice can be sought from independent consultants.  Our platform provides the perfect opportunity for specialists to add value to their profile by interfacing with other skilled panelists and at the same time credentialing their work by associating with a competent organization such as Medical billers and coders. We at MBC endeavor to showcase the abilities and recognitions achieved by our panelists and giving credit where it’s long overdue.
How will  Specialists Benefit from Partnership with MBC:
  • Specialists can add credentials of consulting to their current accomplishments
  • Open other channels of revenue for themselves by networking with clients
  • A platform to publish their opinions and get their voice heard
  • Industry Representation and networking on MBC’s behalf for proven experts
We believe in sharing knowledge and keeping abreast with the best industry practices, hence we like to be on equal footing with people who are market leaders. Come on board with us and see your career reach new heights.

Thursday 3 October 2013

MBC the Market Leader in Placing Certified Medical Coders in New Mexico

  Payers and Hospitals across the state of New Mexico are rushing to MedicalBillersandcoders.com with their requirements of experienced and certified Medical Billers and Coders. Especially as the HIPAA 5010 transition and the ensuing ICD 9 to 10 transition has heightened the need and opportunities of Medical Coders in the state.
Even the ICD 10 implementation deadline shifting from October 2013 to 2014 has had little or no effect on job requirements and the need for trained professionals. New Mexico and surrounding states following HIPAA guidelines with respect to both medical billing and coding and patient rights is leading to an increased job growth of medical billers and coders. Albuquerque being the capital and a city brimming with healthcare opportunity seems to be a new destination for certified Medical Administration professionals.
See more: Medical Billing New Mexico
Role of MedicalBillersandcoders.com
Over the years MBC has been the platform that connects Healthcare Providers and Job seekers to find opportunities that suits both parties. Hundreds and thousands of Medical professionals across all 50 states have been visiting the MBC portal searching for prospective job description and applying as per preference.
Through the MBC portal trained professionals with hands on experience in:
  • Coding Medical Charts
  • Reviewing Medical documentation
  • Working alongside Physicians to align coding systems
  • Flexibility in learning new technology
Are accessible to providers and are being hired at hourly rates.
Hospitals too looking at more complex transition policies and training strategies are keen to employ Billing and Coding specialists to minimize transition timelines and enhance the implementation results.
Scope for Billers and Coders:
The common belief is that every once in the life time of your career, there comes a chance to explore openings which have the power to revolutionize your career. Most recruitment specialist and Healthcare Market leaders believe the year 2012 -2013 is the time for the current generation of Medical Billers and Coders.

Medical Billers and Coders from all states, especially New Mexico, Arizona, Tennessee, Michigan and Idaho are experiencing at least 20- 22% hike in their hourly rates due to the ICD implementation wave. In tandem to this trend coding experts are flocking and utilizing Medicalbillersandcoders.com services to assess the opportunities that are lining up before them in these not so popular job destinations.

Tuesday 1 October 2013

Specialty EMR Market not Completely Tapped

Recent estimates conclude there are various specialists in the EMR market who rather than using specialty EMR, usually follow the trend of using a general EMR which has a few extra functions; however user views suggest that general EMRs with extra functions/templates are usually not sufficient for many specialists.
The U.S. EMR market space is highly fragmented with more than 1000 players in the market with the EMR market expected to grow to $6,054 million in 2015 at an estimated CAGR of 18.1%. Most doctors recognize that EMR adoption is inevitable and are willing to invest in a good EMR, but specialists find it difficult to access a broad range of options when they want a system tailored to their needs. Various EMRs lack the sophistication needed to be effective in specialized medical environments and if an EMR has been designed for everyone, for every specialty, it has in reality very little value.
There is a wide disconnect between futurist visions and current EMR implementation rates amongst medical specialists, such as otolaryngologists and orthopedic surgeons. But generally EMR vendors provide solutions that are designed for generalized medical fields, rather than specialties as they focus their R&D efforts and finances on solving the needs of physicians such as family practitioners or pediatricians. Furthermore certain manufacturers choose an even wider approach and attempt to build systems that suit the needs of physicians across today’s very broad medical spectrum.
Multi specialties can do well by choosing generically built EMR if they suit their purpose, however it suits a specialist more to use specialty EMR’s to avoid higher costs and implementation. Physicians aware of this can definitely benefit from the right EMR.
Certain Advantages for a specialist of a customizable specialty EMR system over a generic system:
  • Specialty EMR takes less time to implement and adopt

  • Customized with the library of required forms and templates which helps the user to focus on quality of care rather than writing templates

  • Generalized EMR’s could take a month to work properly and user has higher chance of making errors while preparing templates. Specialized EMR’s leave little room or no room for errors and omissions

  • A specialty EMR is designed according to the workflow of a particular practice

  • A general EMR system comes loaded with all types of features and functionalities whether a user needs it or not leading in distracting the user’s attention and efficient workflow
  • Specialty EMR helps to improve competence through the accuracy of medical decisions
Hence it is evident that there is a large market for EMRs that specialize by practice type and gradually there is developing a trend amongst smaller EMR vendors who are trying to carve out their niche in the EMR market by focusing on certain specialties, but the market for specialty EMRs has a long way to go before it matures. Moreover doctors while choosing their EMR have an option of choosing from more than 300 EMR companies.
Balancing their act between healthcare reforms demands and patient care physicians can do well by partnering with a Medical Billing Consultant who can guide them and give them advice on the right EMR after studying their practice medical billing process completely.
MedicalBilersandCoders.com is offering a wide array of EMR’s for them to choose from besides providing consultation in selection of the right EMR which generate records through successful implementation in the healthcare practices which are eventually used by the practice for various purposes such as patient care, administration, research, healthcare quality improvement, and processing of reimbursements.