Medical Practice Management Blog

MBA Medical Business Associates stays on top of the constant changes in technology, law, & information that affects your medical practice & the healthcare industry. Check our medical practice management blog here for updates.
Medical Coding Software Solutions

5 Medical Billing Software Solutions For Your Practice

If you work in medical billing field, you know that efficiency and paying attention to details count. Looking for software solutions that can serve your practice’s unique needs? Here are some highly rated medical billing software programs that can help your business, as well as the different benefits that each one provides.
Business Intelligence

Business Intelligence Programs – “BI-gger” Than Just A Medical Billing Platform

Clinical Decision Support Systems are all the rage these days, and with good reason. A correctly implemented CDS can lead to better patient outcomes and fewer clinical mistakes, meaning that not only is it better for patients, it’s better for doctors and hospitals too! Implementing a CDS system, however, isn’t easy. Integrating a CDS system with your existing clinical workflow can be tricky and can push physician offices with weaker organizational systems to the breaking point. This is why, according to this latest article published in Information Week, instead of jumping straight into CDS integration madness, 50% of all healthcare organizations are opting to strengthen or replace their Business Intelligence programs first.

10 Ridiculously Overpriced Hospital Costs

overpriced hospital charges    In January 2015 , author Steven Brill published ‘America’s Bitter Pill’, a hard hitting exposé on the wanton abuse in the healthcare industry. This short graphic highlights just a fraction of the incredibly inflated hospital costs that patients face everyday.
  1. 1. Tylenol = $15 – $15 per individual pill, for a total of $345 during average patient stay
  2. Plastic Bag = $8 - Plastic bags cost a grocery store 2 cents, at the hospital it’s 8 bucks.
  3. Box of tissues = $8 - Usually labeled as “mucus recovery system”
  4. Gloves = $53 And keep in mind, that’s $53 EVERY TIME a doctor or nurse has to put them on, so hopefully you don’t have to stay more than an hour.
  5. Cup for medicine = $10 - The CUP, not the actual medicine, is $10 a piece. Usually counts up to over $500 a stay.
  6. Marking pen = $18 - A simple pen that marks the incisions where the surgeon will cut.
  7. Cuff, BP Adult = $20 - Whenever a nurse checks your blood pressure. You don’t get to keep the cuff.
  8. Oral admin. fee = $7 - Whenever a nurse has to hand you medicine. Usually comes to about $90 per stay
  9. Holding your newborn = $39 - Just wait until you get home.
  10. Sterile water IV bag = $800 - Manufacturing cost… about one dollar.
Many times patients are subject to “overtreatment”. ⅓ of patients obtain identical treatments for no reason. For example, the USA provides twice as much MRI’s than any other country.Approx. Two thirds of healthcare dollars are taken by Insurance companies, yet they provide little to zero value.Patients are asked to sign an “Authorization for Treatment,” and a “Statement of Financial Responsibility”, Although neither the patient nor the hospital know exactly how much these open ended charges will be.It seems that American hospitals carry the worst aspects of capitalism and socialism. They are for profits organizations, but by law, they must treat everyone. Competition drives down prices, benefiting the consumer, but because there is no competition, they can charge whatever they want. Some counties have adopted the practice to set price limits on hospitals. The USA has yet to do that. 

ICD-10 Transition Issues and How to Resolve Them

photo-1444427169197-de497742b62dYour medical practice is a busy place and staying up to date on the various requirement and regulation changes is important. ICD-10 transition issues are common, and if you know what they are, you can avoid them and strengthen productivity and support the growth of your practice. Here are some of the main ICD-10 transition issues and how you can resolve them.

Training.

Proper ICD-10 training is key. If your staff is not properly trained, it could be detrimental. There are several options when it comes to having your staff trained on all of the ins and outs of ICD-10, including classes at local community colleges, seminars, conferences, or online courses. With proper training, claims will be processed faster and your practice will have the opportunity to see an increase in revenue.

Your Revenue Cycle Management Checklist

Managing DME/HME companies requires people to shift from a cost center to a profit center view. In a recently conducted survey, results revealed that 97% of DME companies struggled with asset, productivity, growth, or workforce optimization.

Practice Management

  • Anesthesia Billing
  • Full-service medical billing
  • Patient account management
  • Encounter form design
  • Patient balance collections
  • Learn More

Practice Management

  • Anesthesia Billing
  • Full-service medical billing
  • Patient account management
  • Encounter form design
  • Patient balance collections
  • Learn More

Contact

MBA Medical Billing Services, Inc.
P.O. Box 821350
Vancouver, WA 98682

866-622-2455 Toll-free
360-687-5221 Vancouver, WA

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