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What Implication Will Reimbursement Cuts For 2013 Have on Radiology Collections?

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Radiology collections, which have been far from being impressive in the recent years, may further go down amidst a host of issues likely to surface throughout 2013. Significant of those issues is the reimbursement cuts, which is supposed to lead to a reduction of almost 19% in the collections of radiology practices. Further, a 25% cut in payments for imaging services has not gone down well with providers, who may eventually be discouraged to comply and continue with revised guidelines.
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Jacob Thomas's curator insight, April 8, 2013 8:27 AM

Radiology collections, which have been far from being impressive in the recent years, may further go down amidst a host of issues likely to surface throughout 2013. Significant of those issues is the reimbursement cuts, which is supposed to lead to a reduction of almost 19% in the collections of radiology practices. Further, a 25% cut in payments for imaging services has not gone down well with providers, who may eventually be discouraged to comply and continue with revised guidelines.

Medical Billing Services
Medical Billers and Coders is the largest consortium of Medical Billers and Coders in the United States. Our aim is to help the physician community to reach the right expertise in the right location at the right time.
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Reforming Nursing Facilities Medical Billing Amidst Dwindling Reimbursements

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Nursing facilities across the U.S. have somehow endured a series of Medicare/Medicaid cuts thus far, but the latest move by CMS to reduce reimbursement for so-called Medicare “bad debt” – Medicare co-payments not made by beneficiaries or state Medicaid programs – may bring them on the threshold of a major operational crisis.

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How well do you Understand DME Pre-authorization?

How well do you Understand DME Pre-authorization? | Medical Billing Services | Scoop.it
A few months ago the Centers for Medicare and Medicaid (CMS) announced a final rule for norms governing the authorization process for some durable medical equipment (DME) includin
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Prevent DME Documentation Errors at your O&P Facility

Prevent DME Documentation Errors at your O&P Facility | Medical Billing Services | Scoop.it
Most of the DME claims largely get denied because of documentation that contains errors.
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Know your DME Modifiers

Know your DME Modifiers | Medical Billing Services | Scoop.it
DME Billing Service, DME Reimbursement, RCM Consulting Firm for DME, DME Billing Documentation
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Credentialing For DME Companies

Credentialing For DME Companies | Medical Billing Services | Scoop.it
Credentialing, despite being a tedious process, plays a significant role in maximizing revenue.
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Insurance Verification for Rented DME items

Insurance Verification for Rented DME items | Medical Billing Services | Scoop.it
Rented DME need to fulfill certain requirements in order to have insurance coverage.
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Submitting my DME Claims!

Submitting my DME Claims! | Medical Billing Services | Scoop.it
Understand what is required for submitting your DME claims, which proves vital for better reimbursements.
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Experts in Pathology Billing Services for Ohio, OH

Experts in Pathology Billing Services for Ohio, OH | Medical Billing Services | Scoop.it
Most accurate and cost effective Pathology Billing in Ohio (OH). Outsource your Medical Billing services for better revenue.
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Medicare Payment Rules for Pathology Services

Medicare Payment Rules for Pathology Services | Medical Billing Services | Scoop.it
Medicare payment rules should be completely adhered to while submitting claims and a complete knowledge is a must.
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How can a Licensed DME Offer a Leverage Over other DME?

How can a Licensed DME Offer a Leverage Over other DME? | Medical Billing Services | Scoop.it
A licensed DME gains leverage over the others with respect to better profitability and satisfied patients
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DME Billing Facts

DME Billing Facts | Medical Billing Services | Scoop.it
With a thorough understanding of the Billing facts will Ensure you do not miss out on anything and have a Smooth Billing Process.
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Is Legality an Issue with Pathology Billing Services?

Is Legality an Issue with Pathology Billing Services? | Medical Billing Services | Scoop.it
It is vital to understand all facts for faster reimbursement and a smooth revenue cycle management.
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Medicare 2016 Fee Schedule Changes for DME Industry

Medicare 2016 Fee Schedule Changes for DME Industry | Medical Billing Services | Scoop.it
Fees are updated every year for DME and it is essential to stay abreast with these changes in order to mitigate impact.
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How different is DME Billing from HME Billing

How different is DME Billing from HME Billing | Medical Billing Services | Scoop.it
Interesting fact- Although an item is described as DME, providing such items comes under HME. Know more about the difference in the billing
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Medical Billing is the Financial Backbone for Pathology

Medical Billing is the Financial Backbone for Pathology | Medical Billing Services | Scoop.it
It is important to provide enhanced services and bill accurately for ensuring strong financial health for Pathology
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Pathology Practice Management Issues

Pathology Practice Management Issues | Medical Billing Services | Scoop.it
A host of issues including changing healthcare pose challenges for Pathology
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Analyze your Current Pathology Billing Process

Analyze your Current Pathology Billing Process | Medical Billing Services | Scoop.it
Complexity in the medical billing & coding practices has become a sore point with most healthcare providers.
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Price Transparency for Durable Medical Equipment

Price Transparency for Durable Medical Equipment | Medical Billing Services | Scoop.it
With existing challenges in DME billing, reimbursements are widely affected. A transparency in pricing will help the process
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DME Claims Denied for NPI Issues

DME Claims Denied for NPI Issues | Medical Billing Services | Scoop.it
NPI is a mandatory number used for identifying all covered physicians, suppliers, labs etc. and lack of it may affect payments
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Is your Billing Staff turnover too High?

Is your Billing Staff turnover too High? | Medical Billing Services | Scoop.it
Understanding if your staff turnover is too high is important to gauge the profitability of your practice.
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Avoiding Product substitution with your DME Provider

Avoiding Product substitution with your DME Provider | Medical Billing Services | Scoop.it
Product substitution with your DME provider happens due to various reasons; however there are ways to avoid it.
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Despite Adjustments in Medicare fee schedules, MBC's DME clients have steady Cash flows

Despite Adjustments in Medicare fee schedules, MBC's DME clients have steady Cash flows | Medical Billing Services | Scoop.it
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Are your Pathology Billing Collections Below Expectations?

Are your Pathology Billing Collections Below Expectations? | Medical Billing Services | Scoop.it
Given the number of challenges in Pathology billing, reimbursements can be awfully low, affecting practices.
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DME Supplier vs. DME Provider

DME Supplier vs. DME Provider | Medical Billing Services | Scoop.it
DME Supplier and a Provider are two distinct terms for which an understanding goes a long way
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Experts in Pathology Billing Services for New York, NY

Experts in Pathology Billing Services for New York, NY | Medical Billing Services | Scoop.it
Most accurate and cost effective Pathology Billing in New York (NY). Outsource your Medical Billing services for better revenue.
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