Two rules recently issued by CMS, sought implementation of doctor goals to devote more time to patients, while also reimbursing them less for some services under the annual physician fee schedule. The finalization of the rules for the year 2019 is focused that there will be an evident improvement in the country’s healthcare system. It …
Read moreRules Aim To Meet Dual CMS Goals of Saving Money, Doctor Empowerment
An audit is an official assessment of a person or accounts of an organization. ‘IRS Audit’, only listening to these words can scare even the most honest taxpayer, even if they have done their best to get their taxes in order. IRS is auditing doctors, and it looks like physicians are not comfortable with it …
The recently passed Tax Cuts and Jobs Act is debatable, to say the least. Looking at the situation as a physician, at first glimpse, it seems as though physician independent contractor tax deductions would actually go up. If you make money outside of your “regular” job, you will most likely have some related expenses that …
Read moreMost Overlooked Tax Deductions That Physicians Independent Contractors Must Know
The Supreme Court of the United States has agreed to hear $12B ACA Suit from insurers who claim they were hurt by risk corridor program. The health care law which is also called the risk corridors was introduced under Obamacare and the purpose of this program was to facilitate insurance companies who would participate to …
Read moreSupreme Court Agrees To Hear $12 Billion Lawsuit over Obamacare Payments
28th May, 2019 Sybrid MD announces a strategic partnership with Jiseki to leverage health insurance benefits to its clients mostly physician practices and their staff. 22 May 2019, New York – Sybrid MD is a leading provider of integrated healthcare solutions and medical billing services that are transforming healthcare businesses and their processes. Sybrid MD today announces …
Read moreSybridMD Announces Strategic Partnership with Jiseki
Though there have been several attempts by US to cut down on its health care costs, but it’s a fact that the spending is still on a rise. According to an analysis by Johns Hopkins Bloomberg School of Public Health, as compared to its peers, America spends more than twice as much on health care …
Read moreUS Spends Twice as Much on Health Care as its Peers
A healthcare Blockchain collaboration has been announced by IBM with Anthem Inc. and Aetna. The aim of this collaboration is to produce an ecosystem based on Blockchain that aids the health care companies to increase transparency and to help them in the exchange and use of information. This collaboration will also allow these companies to …
Read moreIBM Announce Blockchain Collaboration in Health Care with Anthem and Aetna
Revenue cycle management is important because it lets you keep track of claims processing, payment and revenue generation. If you do not want to lose revenue, it is essential to track revenue cycle management metrics, as every dollar lost can cause more adverse impact than you expect. 1. Gross Collection Percentage: This is the difference …
It’s the beginning of the new year, and hopefully by now you would have sorted out your new year resolutions. Whether you’ve done so yet or not, one of most important resolutions to make for the new year should be to take better steps towards financial build-up. It should be about balancing your earnings, expenditures …
According to the official 2017 statistics from the U.S. Department of Health and Human Services (DHHS), the yearly health care spending growth rate has been decreasing and is at 3.9%, whereas it was 4.3% in 2016 and 5.8% for 2015. The current rate has been the lowest since 2013. However, the downside is that the …
Read moreHas US Health Care Spending Finally Stabilized? An Outlook for 2019