It’s month four of our five-part series preparing for 2024. So far we’ve covered budgets and fee schedules and insurance reminders. Next month we will cover staff celebrations but before that let’s talk about compliance and risk assessments.
For the next five months, we are going to drill into the key areas to tackle before the end of the year including: budgeting, review fee schedules, insurance reminders, compliance, risk assessments, and celebrating staff.
This month we officially welcome autumn with pumpkin-spiced everything, orange décor, and fee schedule evaluations! The end of the year will be here before we know it so it’s time to prepare for success now.
For the next five months, we are going to drill into the key areas to tackle before the end of the year including: budgeting, review fee schedules, insurance reminders, compliance, risk assessments, and celebrating staff.
It’s that time of year again! A new proposed rule dropped this month from the Centers for Medicare & Medicaid Services (CMS) regarding physician fee schedules and Medicare shared savings for Calendar Year (CY) 2024. As always, the proposed rule is merely an indication of what may be finalized in November.
Having a basic fund of technology knowledge will allow physicians to make informed decisions and effectively communicate their needs with their staff and with Health IT representatives. Unfortunately, most medical schools don’t prepare physicians for technology conversations.
As many of us come upon the end of our fiscal year it’s a great time to refresh the resource library that our staff has access to. Updating these documents doesn’t have to be painful. Delegate to trusted team members and then meet as a team disseminate the updated information.
Accounts receivable is often one of the most important areas of revenue cycle management as it represents potential money. In fact, A/R is considered an asset for that reason. The challenging part is that if A/R is not followed-up with quickly enough it can become a liability for the organization instead. Non-federal payers typically have timely filing/appeal limits between 120 – 180 days on average. When A/R ages beyond that it largely becomes uncollectable.
Discarded drugs have had a tumultuous history in healthcare. Though there are ways to bill for discarded drugs it can be challenging to receive adequate compensation for the amount wasted and the time taken to bill for them.
The gap between the skills that employees currently have and the skills they need to be proficient at their jobs are called skills gaps. As leaders, it is our responsibility to identify these gaps and to approach skills gap assessments and training from a position of positivity.
We’d love to see your smiling face in person, but we know that your banking needs happen 24 | 7 | 365. Feel free to bank from your couch, your office or a beach somewhere warm.