Resource-based relative value scale (RBRVS) is a method used to determine how much money medical providers should be paid by Medicare and health plans. Medicare, under the Reagan administration, initiated in 1985 the development of a new, fair and a more transparent fee schedule. This led to a large study, jointly conducted by researchers at [...]
Med-Pro Management, Inc. is a medical practice management and consulting firm specializing in problem solving and problem prevention for mainstream medical practices. Med-Pro was established in 1985. Providers of health care are under growing pressure from insurance companies, managed care organizations, and the government. Consequently, health care providers throughout the nation are redesigning structures and [...]
Healthcare practices are among the businesses required to comply with Payment Card Industry (PCI) Data Security Standards that apply to any person or business that stores, processes or transmits data for payment cards that have the MasterCard, Visa, American Express, Discover or JCB logo on them. The PCI Data Security Standards are not a federal [...]
Courtesy: MedicalBillingandCoding.org
What are the most costly work flows in your medical practice operations? Most probably, your answer will revolve around the telephone – wrangling telephone calls, messages, faxes, prescription refill requests, and managing the resultant paper trail. This creates a massive burden for clinical support staff and physicians. Along with that administrative burden, is cost. According [...]
Practice Cost for Participating in Health Plan The time a practice spends dealing with health plans’ administrative requirements, and thus the costs involved, varies by specialty and size. Here are selected means for 2006, as reported by Health Affairs. 1-2 doctors 3-9 doctors 10+ doctors Weighted mean Physician time $72,675 $63,611 $57,480 $64,859 Medical specialty [...]
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