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Waiting too long to provide a medical record request may land you in hot water with the OCR. Jan. 3 the full-service diagnostic laboratory, Life Hope Labs, LLC, settled on a potential HIPAA violation. The Office of Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) alleged the diagnostic laboratory in […]
The post Potential HIPAA Violation Costs Lab $ 16,500 appeared first on AAPC Knowledge Center.
CMS’ proposed actions are intended to increase price transparency, access to care, patient safety, positive healthcare outcomes, and health equity. On July 19, 2021, the Centers for Medicare & Medicaid Services (CMS) announced new proposed actions to address the health equity gap, decrease mounting healthcare costs, and increase medical accessibility and patient quality of care. […]
The post CMS Seeks to Improve Healthcare Outcomes and Drive Down Costs appeared first on AAPC Knowledge Center.
The Centers for Medicare & Medicaid Services (CMS) issued a proposed rule on June 17 that would base prescription drug payments on patient outcomes.
The post CMS Proposes to Allow Patient Outcomes to Be the Standard for Negotiating Prescription Drug Costs appeared first on AAPC Knowledge Center.
Healthcare administration, including medical coding and billing, makes up a huge part of America’s healthcare bill, according to a paper by the Center for American Progress (CAP). Administration Complexity The complexity of all administrative activities include everything from duplicative forms, transferring records, managing claims, and other activities, but CAP estimates payers and providers spend $ 496 […]
The post Administration a Big Chunk of Healthcare Costs appeared first on AAPC Knowledge Center.
A new tool that displays cost differences for certain surgical procedures was recently released by the Centers for Medicare & Medicaid Services (CMS), and it may help medical coders and their providers help patients better choose whether to have inpatient or outpatient surgery. The Procedure Price Lookup displays national averages for the amount Medicare pays […]
The post Help Educate Your Patients to Surgery Costs appeared first on AAPC Knowledge Center.
Proton therapy has been a tough sell for payers, but recent $ 25 million Oklahoma decision against Aetna may make them reconsider coverage for the spreading radiation therapy technique. Proton Tx Considered Best Choice According to the Associated Press, jurors believed Aetna reckless disregarded its duty to deal fairly and in good faith with Orrana Cunningham. […]
The post Failure to Approve Proton Tx Costs Aetna $ 25 M appeared first on AAPC Knowledge Center.
The government wants to lower Part B drug costs by matching them to international prices, but it’s neither going to be immediate nor easy. Reigning in Drug Prices In addition to industry efforts make medicines more affordable, the Centers for Medicare & Medicaid Services (CMS) announced it is soliciting public comments on a plan and […]
The post CMS Proposes Lowering Drug Costs to International Prices appeared first on AAPC Knowledge Center.
How much do you charge your patients or their designated third parties for medical records? Better take a look and check your state laws, the General Accounting Office (GAO) just turned their eagle eyes on how much it costs patients and others to access records. Medical Records Study Thanks to the 21st Century Cures Act, the GAO […]
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We all know that there are a lot of extra costs that go into healthcare besides just what we pay for insurance. Medical malpractice is a huge issue, whether there was malpractice or not. So what are hospitals doing these days to help with all of these extra costs in healthcare?
One big step that a lot of hospitals have taken is medical staff credentialing. If you’ve never heard of credentialing, here’s the basic idea: before a doctor or physician can perform a procedure in a hospital they have to have the credentials to do so. So basically it’s a way that the hospital can make sure the doctor is really qualified to do what they are trying to do.
So how does this help the healthcare system? Well, there are a couple of ways this helps:
First, it cuts down on patient injury by real malpractice. Credentialing keeps unqualified doctors from doing a procedure they shouldn’t be doing. If you don’t have the credentials, you don’t do the procedure.
Secondly, it saves on time and expense of investigations. There is a lot of money lost by taking the time of healthcare professionals to track down what happened and why. If there are less incidents, there is less cost.
There are other reasons as well, but these are some of the main reasons why credentialing is a good idea. If any hospitals are not currently using this type of system, they really should.
The other great thing for hospitals is that there are companies that have developed software that will help them to track the credentials that a doctor has. This way they don’t have to run to the filing cabinet and waste time, they can pull the file up immediately and know whether a doctor is qualified or not.
While medical staff credentialing is not the one thing that will fix the extra costs in our healthcare system, it can definitely help. With costs going up every year, anything hospitals can do to reduce the cost of malpractice is a good thing.
Medical staff credentialing is a great way for hospitals to reduce malpractice costs and make sure that your staff is qualified and competent to do what they are supposed to be doing. All hospitals should have a medical credentialing system in place!
Variations in medical savings accounts as of January 1, 2007, will attract new interest in the plans. However, there remains a gap in knowledge about the actual use of these plans. A recent article on the financial health of savings in the Wall Street Journal Online and questions about the possibility of using an HSA as a vehicle for savings for future expenses for the use of funds in the HSA to pay medical expenses immediately. Itemimplied that it was a matter of choice or election.
HSA many users are not aware that the IRS allows investors to HSA savers and time consuming.
As an affiliate of Entrust Group, we offer training courses for employers, employees and professional advisers, training on the rules of the HSA and HDHP. Surprisingly, consultants and users to understand much less real, as the HSA.
Contrary to popular belief, there is no effort for the HSAthe distribution of medical expenses. Select In other words, the owners, HSA to pay medical bills from his personal funds in May, rather than immediate return of the costs of their HSA, defer payment until they actually need the money. Meanwhile, the fund is to grow tax free. While the rest of the funds outside the HSA, more able to develop more. The crystals can be paid from his pocket and then reimbursed from the HSAThe next day, the next year or 20 years. The choice belongs to the owner of the HSA. So if a person unable to pay employees, so there’s really no reason to take the money from the HSA. The taxpayer has the option of taking a refund of disability. Therefore, the additional resources that will be delivered in May HSA-term higher returns. Our clients, who as a long-term investors to benefit from this approach because it allows for greater stability in generalThe balance of the account and the potential for growth.
Similarly, many taxpayers do not have, that the expenditure incurred for the balance of the HSA in May the following year. The only requirement is that the expenditure is incurred before the HSA, there must be. Unfortunately, the IRS Form 8889 does not show that power “, the tax may help developers of clients, all costs which have not yet been repaid.
After theseThe reimbursement of the United Nations for the amount of the balance of HSA to determine which are eligible for the free distribution of emergency aid into account, our company has created a ‘no-tracking system for reimbursement to organize our customers and to document expenses reimbursed by the United Nations.
Please contact us for more information on using a HSA for long-term investments, or call us for a WebEx seminar on basic concepts / HSA high deductible health plan fit to introduce. Bill Humphrey, director of EntrustIRA new direction, Colorado (www.NewDirectionIRA.com) was an activist in favor of health savings accounts since its founding in 2004. Colorado Bill is a CPA and has worked to support educational programs for users, and to clarify PCA Health Plan in order to develop understanding and use of the HSA. Entrust New Direction has plans to direct Internet users to HSA and the employer plans to adopt high-deductible health for their businesses to anticipate.
http://www.onlinesavings.pannipa.com/2009/12/description-of-medical-savings-accounts-savings-of-medical-costs-of-retirement/
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