The nuts and bolts of running a group practice or hospital are covered here. Topics include patient scheduling systems, charge capture interfaces with clinical record systems, and claims submission.
Three health information technology companies recently expanded their market share and product lines by acquiring other vendors.
The Centers for Medicare and Medicaid Services has just released a fact sheet on preparing for ICD-10. This latest message offers suggestions for providers whose information systems may not be ready in time for the Oct. 1 transition deadline. The facts sheet also attempts to dispel some myths and issues a warning.
MEDNAX, a national group practice of pediatric and anesthesiology specialists offering services to hospitals and physician offices, has agreed to acquire vRad, which offers radiology and telemedicine services to provider organizations, for $500 million.
Typically, physician face time during a patient's office visit is measured in minutes. However, accountable care is changing that scenario at Orlando (Fla.) Health, a large integrated delivery system with eight hospitals.
New IT strategies are needed to handle value-based payment.
Patient portal software vendor Medfusion is expanding its product portfolio as it positions for the era of consumerism as most patients have a smartphone or other portable computing device.
Software and billing services vendor athenahealth has introduced athenaText, a mobile secure messaging app for Apple Watch.
There is a new vendor in the enterprise hospital electronic health records market boasting more than 20 hospitals in the implementation phase since going live in late January with its cloud-based product.
The rise of patient financial responsibilities in the healthcare industry is fundamentally changing how providers think of the revenue cycle, says an executive with claims clearinghouse and revenue cycle management vendor Emdeon.
Venture capital funding for digital health/health IT dropped by about 35 percent in the first quarter of 2015, with $784 million generated by 142 deals versus $1.2 billion from 134 deals in Q4 2014. In fact, Q1 2015 was the lowest quarter for VC funding since Q4 2013.
MCIS, the health information technology unit of Marshfield Clinic, has combined its suite of homegrown electronic health records software with the revenue cycle management software and services of ambulatory vendor CareCloud.
Veteran ambulatory software vendors e-MDs and MDeverywhere have merged after investment firm Martin Equity Partners bought e-MDs, which sells an integrated physician practice management and electronic health records system. Terms of the acquisition were not disclosed.
The U.S. House of Representatives on March 26 easily passed legislation to repeal and replace the Medicare Sustainable Growth Rate reimbursement mechanism for physicians. The bill did not include language to extend the ICD-10 deadline, as the Rules Committee report to the House floor forbid the adoption of amendments.
Although the Centers for Medicare and Medicaid Services established the Physician Quality Reporting System in 2006, for the past few years the pay-for-reporting program has pretty much been relegated to the back burner for most physician practices. Not by choice as much as by necessity.
The HIPAA healthcare electronic funds transfer standard for claims reimbursement from insurers is "EFT via ACH," and it works similarly to Direct Deposit.