ImagineSoftware Medical Billing Blog

MACRA: Ready Or Not, The Final Rule Is Here!

CMS posted the final version (2398 pages) of its physician Quality Payment Program under MACRA on Friday October 14, 2016.  CMS MACRA final rule makes 2017 a “transition” year.The agency stated, “MACRA adds flexibility to the program to overhaul how physicians are paid under Medicare”.The rule garnered more than 4,000 public comments since the proposal in April 2016.    It cements the two payment tracks already proposed. First, physicians can participate…
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Secure Your Aprons: Healthcare Reform Takes The Presidential Election Front Burner

With the presidential election less than a month away, we’re all asking ourselves the big question: How will healthcare be impacted? Regardless of the fact that both candidates’ views on the future of the U.S. health system are basically on opposite ends of the spectrum, one thing they can agree on is that healthcare reform will be at the forefront of 2017. It’s no mystery that Americans are suffering –…
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RBMA-zing!

Last week, the Radiology Billing Management Association (RBMA) hosted the 2016 Fall Educational Conference, attracting over 200 radiology professionals and leaders to the Hyatt Regency in New Orleans. Attendees were represented from as far away as Alaska, with varying viewpoints on the latest trends in billing management for imaging.   Being the final Fall Conference for the organization before moving to one annual spring conference next year, RBMA worked hard to…
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Why Your Medical Practice Should Be Social - A Patient's Perspective

I need to be completely honest. Before I started working for a healthcare IT company, I didn’t think social media – in regards to the healthcare industry overall – went far past Obamacare memes and horror stories about people misdiagnosing themselves after plunging into the dark depths of WebMD. It turns out that it’s a little more complex than that! Social platforms are the perfect place for patients and healthcare…
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Where Have You Been All My Life?! 5 Things To Know About Automated Medical Billing Software Programs

I recently read an article over my morning coffee that said doctors leave approximately $125 billion on the table each year due to poor billing practices. Believe it or not, that's only a small piece of the pie. When a billing system is outdated, the organization will suffer from billing mistakes like mismatched procedures, lengthy claims processes, failure to collect co-pays, and forgetting to stay current on coding. At the…
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Get The Skinny: 6 Medical Billing Performance Metrics and KPI You Need for 2016

If you’re like the majority of health providers and practice managers, you’re busy enough with day-to-day operations. It’s easy to let monitoring of financial performance slip through the cracks, but keeping track is essential to the success of your organization. In fact, one of the large reasons practices lose money is because they fail to consistently track Key Performance Indicators to assess financial health. A billing KPI serves a number…
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Are You Safe? 5 Steps To Prevent Medical Practice Fraud

If you think that your organization is immune to threats like fraud and embezzlement, you need to catch up with the 21st century.  Your practice isn’t as safe as you think, and there are numbers to prove it. According to the Medical Group Management Association, three out of four physicians will suffer some financial loss from employee dishonesty over the lifetime of their practice. Not enough evidence for you? The Association of Certified…
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Surviving PQRS 2016 Radiologist Edition

Summer 2016 is here, and many providers are preparing for their Physician Quality Reporting System (PQRS) participation. With penalties associated with PQRS and the Value Based Modifier program (VM) standing between 2-6% of Medicare payments, and administrative requirements on the rise, there’s a heightened concern associated with deadline readiness (The first deadline being 2/24/17 for claims-based reporting). However, there are several changes and additions specific to the radiology field that…
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The Key to Long-Term B2B Relationships

"User Experience" - Yeah, it's one of those buzz terms all marketers have heard at some point or another, but do you realize how important it is to understand? In today's business world, many B2B companies are following in the footsteps of B2Cs that are essentially "getting in bed" (for lack of better terms) with their customers. Sounds a little weird, right? But it's absolutely necessary. When you get to…
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Healthcare Data Security Standards for your Medical Practice

My Password is Password! The Importance of Data Security in Healthcare In today’s age of “Cybersecurity”, “Cyber-Attacks”, and “Cyber INSERT ANY WORD HERE”, many companies find themselves struggling to keep up with the cutting edge techniques used to safegaurd breaches.  Malware, spyware, adware, rootkits, and the list goes on and on.  Your IT staff has been tasked with the impossible task of staying ahead of the “bad guys” by preventing attacks…
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Avoid Costly Medical Payment Processing Mistakes

Everyone makes them. We're only human. But learning from our mistakes, and the mistakes of others, is what makes us successful. It is the same with accepting and processing card payments. Learning to avoid common mistakes can add up to big savings. Here are a few of the most common medical payment processing mistakes healthcare practices and other businesses make, and how to avoid them: Not asking your processor to…
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