As a healthcare service provider, if you consider outsourcing your medical billing, there are important aspects that you must understand to make an informed decision. Benefits of outsourcing medical billing Outsourcing has become quite a popular trend in the past decade due to various benefits of outsourcing medical billing. For a provider, the first responsibility …
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 …
What is Umbrella Insurance? Umbrella insurance is also known as personal liability insurance, which is a back-up insurance plan that kicks in after your other insurance coverage has been paid out, covering accidents that occur on your premises or because of you. Fundamentally this insurance can be considered as an added protection. Most of the …
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 …
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 …
There are numerous stories of physicians getting embroiled in issues of ethical nature or not a crime but seriously putting their career at stake by a medical insurance auditor. Consequently forcing many of them to deal with matters that they were not liable and damaging their practice. The undeniably meddling and regularly illogical managerial, administrative …
There’s a lot of hype about the president’s new tax bill, or the Tax Cuts & Jobs Act. Here’s a breakdown of what tax for doctors actually means and tax saving tips for high-income earners. According to research by The Tax Foundation, a physician’s family with two children and $325,000 in earnings would save about …
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 …
Centers for Medicare and Medicaid services are changing payments to Medicare Advantage plans to reflect the health status of each beneficiary. CMS uses Medicare advantage risk adjustment methodology to ensure that the Medicare Advantage features work effectively by paying more for registered users, who are expected to cost more to take care and less for …