A proposed rule by the Department of Health and Human Services (HHS) entitled “Protecting Statutory Conscience Rights in Health Care; Delegations of Authority” will cost the healthcare industry more than $ 125.5 million in the first year, and many worry resulting litigation will cost at least that much. Conscience Rule Includes Immunization, Advance Directives The 216-page […]
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Tag Archives: Industry
Healthcare News: Majority of industry stakeholders find smooth transition to ICD-10, according to survey
ICD-10 implementation has gone smoothly for approximately 80% of attendees who responded to a survey during a recent webcast from audit, tax, and advisory firm KPMG.
For 28.3% of the 298 respondents to the November survey, the ICD-10 transition has been smooth, while 51.4% reported a few technical issues, but overall success with the new code set since October 1.
Another 11.1% reported complete failure since implementation and 8.6% said serious work was needed but they are surviving the transition. Respondents included healthcare staff related to IT, finance, and the clinical side.
While the transition has been relatively smooth for the majority of industry stakeholders, providers will need to dedicate more attention to the quality and specificity of clinical documentation to reduce rejected medical insurance claims, said Catherine O’Leary, KPMG managing director, in a press release.
KPMG asked attendees which of the following was the largest challenge they faced with ICD-10 implementation:
- Clinical documentation improvement and continuous physician education
- Increase in denials or rejected claims
- Reduced revenue due to coding delays or coding errors
- System testing and information technology fixes
Approximately 42% of the respondents noted all of the issues remain a challenge at their facility, while 11.1% said none of the issues would be their largest challenge.
Respondents are tracking a variety of key performance indicators following implementation, with many focusing on denials and rejections (18%) and accounts receivable (11.1%). Facilities are also tracking discharged not final billed accounts (5.6%) and CC and MCC capture (4.9%). A majority of respondents (60.8%) are tracking all four of these key performance indicators.
Information About Medical Industry Salaries
The medical industry has been a booming industry for many decades now. For this reason, it is not surprising that individuals who work within this industry are being paid some of the largest salaries to be earned in any industry on the planet. If you would like to work within this lucrative industry, you should read through the following paragraphs about the type of jobs you can expect to acquire in the medical field today.
One of the most popular jobs in the medical field is the job of being a doctor. The process of becoming a doctor is very long, difficult, and expensive though. For this reason, if you believe you would like to eventually join this profession, you should be certain that you are committed to the idea of becoming a doctor.
Although doctors are often paid more than any other employee in the medical industry, there are other jobs that generate very impressive incomes available in this industry as well. There are even many different types of physicians working in the field today and there are many individuals who support the important work these professional manage on a regular basis.
If you are planning on becoming a doctor, you can expect to make more than $ 100,000 per year at some point in your career. In fact, the average salary earned by physicians in general is $ 140,000 per year. While this is the average income earned by those in this profession in general, there are some doctors who earn much more due to the unique and special qualifications they possess.
There are many supporting roles in this industry that must be filled by knowledgeable professionals as well though. The amount of money you can expect to make in each one of these fields truly depends on how much the more experienced professionals in these fields earn. The amount of income you can expect to generate from your medical job can also vary based on the part of the world you work in too.
Generally speaking, technicians who are highly trained make more money than administrators earn, but there are many administrators who make as much as $ 75,000 per year. Technicians can earn around $ 50,000 per year depending on the field in which they have expertise.
Overall, the medical field contains more high paying jobs than any other industry in the world. If you would like to earn a top salary in this industry, you will have to complete an extensive amount of training and specialize in a field that is experiencing a large amount of demand from consumers. If you specialize in the right field, you can easily make more than $ 100,000 per year.
Discover the pay range for pharmacy technicians with our salary charts. Read excellent articles to make sure you receive the correct training to start your career as a pharmacy tech at http://www.pharmacytechniciansalarydata.com/.
Medical Transcription Industry Poised For Growth
The industry of medical transcription is poised for growth and it is expected that it will continue to grow for at least another ten years. Medical transcription industry in the United States is growing at a rate of thirteen to fifteen percent annually. There are several reasons contributing to the poise for growth for medical transcription which includes growing and aging population.
There has been an increase in the health care services which has resulted in an increase in the requirement of patient record keeping, which is essential for legal and medical insurance refund purposes. Moreover, not only physicians require transcription of medical reports but also other health professionals such as psychologists and physical therapists.
Moreover, the whole health care industry is adopting the method of electronic record keeping and leaving the legacy paper documentation, thus allowing easy and quick access to patients information.
As the requirement for medical transcription is growing, the United States is experiencing a dearth of local medical transcriptionists. This industry requires a huge number of medical transcriptionists to maintain its growth. But in view of the fact that the number of American medical transcriptionists is declining, the healthcare providers are turning to offshore medical transcription outsourcing services (mainly, in countries like Pakistan, India, Philippines etc. where labor rates are low) to fulfill their requirement.
The progress in the technology has also played a major role in the growth of medical transcription outsourcing services. Todays Internet technologies for instance encryption and verification, assure protected and secure communication of patients confidential information.
The medical transcription industry is expected to grow into a major source of earning in the countries like Pakistan, India and Philippines. Certainly, the medical transcription industry is growing and with the continued efforts of medical transcription companies and sector groups, the developing countries will be in a stronger position to become the top players in this field.
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Medical Device Industry Will Usher In The Spring Event – Medical Equipment, Exhibition – Medical
2008 April 18 ~ 21, Shenzhen, China and the world will celebrate the two major medical device industry event?? The 59th China International Medical Equipment Fair (CMEF) and the Sixth China International Medical Equipment Design and Manufacture Technology Exhibition (ICMD).
CMEF In medical technology to create a successful future
Asia-Pacific region’s largest medical device and related products and services exhibition, the 59th CMEF Sinopharm Reed Exhibition Co., Ltd. organized and undertaken by the Ministry of Commerce, the Shenzhen Municipal People’s Government of Shenzhen Food Drug Administration, U.S. Department of Commerce, UK Trade & Investment Department, French companies for International Development, the Chinese medical device industry association, the Canadian Industry Association, the Japanese medical system portrait Industry Association, Korea Medical Devices Industry Association, China Pharmaceutical Group, Reed Expo Group, Shenzhen Association of Medical Device Industry bodies such as the support, show support for the media as “China Medical Device Information”, “Health News”, “Chinese Economic News”, “World Medical Device”, “hospital director in China” , Science Web, China Medical 123 net.
CMEF held twice annually, the medical industry, the Asia Pacific region has developed into the largest and most influential, the most professional event in the brand. The 59th China International Medical Equipment Fair booth set up over 4500, an exhibition area of 9.8 million square meters. More than 2,000 exhibitors and exhibitors from over 40 product categories, ten thousand varieties, ranging from conventional equipment on display to the world’s most sophisticated high-tech products, including related areas of information and services.
This session will be 33 country pavilions participating, by including Taiwan, Hong Kong and Macao regions including the provinces (autonomous region, municipality and separately listed cities), Chinese Academy of Sciences, space, aeronautics, nuclear industries, Zhongwei Company Medical vehicles and the composition of domestic famous enterprises. China Medical Equipment Fair has attracted all the leading medical device companies and multinational participation, can be said to name enterprises gathered in collection of perfect performances. Exhibiting well-known companies, including: Shandong Xinhua, Shenzhen Mindray, Shenyang Neusoft, Beijing 10000 East, Shenzhen Blue rhyme, Shenzhen Anke, Pulang Group, Shanghai Optoelectronics, China Medical Equipment Industry Corporation, Jiangsu diving, Aerospace Changfeng , Ningbodaiwei, Shantou Ultrasonic, Qingdao Haier, Hong Thai medicine, Shenzhen Jinke Wei, You Little Guilin, Shenzhen, state management, Po Wright, etc., the world’s leading companies such as: GE, Siemens, Philips, Johnson & Johnson, United States Medtronic, Hitachi, Shimadzu, Fuji, Rayco, Getinge, Aloka, Toshiba, Roche, Sysmex, Beckman Coulter, Olympus, , Draeger, Asia Waters, etc.. In addition to these renowned industry’s elite companies, a rising star who burst on the scene towering, Medical Equipment Fair will also be considered as an image, brand promotion, market development, market new products, the platform of choice, many of the industry’s business take off from here and growing.
To ensure there is every intention of purchasing the equipment the hospital can be found in bed of roses, fair in the radiation zone and set up medical imaging, medical ultrasound imaging area and medical equipment, area, area of clinical testing equipment, medical optical instruments, hospital equipment, hospital infrastructure areas, medical software technology areas, large areas of medical equipment, medical vehicles and medical software technology exhibition (medisoft) and other specialized area. Recent two years in vitro diagnostic test (InVitro DiagnosticTests, IVD) market is extremely rapid, with “a single-pass” and other new policies step by step, more IVD products market has opened up a bright future. In this exhibition, the organizers and the United States AACC Association, first introduced in vitro diagnostic (CMEF / IVD) exhibition, purchase the necessary products for domestic and foreign buyers to provide a convenience.
With the global integration process, CMEF Asia-Pacific region has become the most worthy of attention in the medical device industry and procurement platform for the exchange of shows, not only for the domestic medical equipment industry and foreign trade exchange of products, but also for domestic and overseas medical device market has brought more business opportunities.
Current Medical Equipment Fair also attracted many overseas medical devices exhibiting companies, following the United States, Canada, Britain, France, Germany, Korea, Japan Pavilion exhibitors for many years has been the basis, as well as from Malaysia, Singapore, Spain, Hungary, Italy, Finland, Ireland, 16 countries and regions exhibiting companies. Many overseas enterprises to join us for the medical market in China has brought more new products, but also for the domestic business partners bring new cooperation opportunities and ideas.
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17th Hunan Medical Equipment Exhibition (autumn) – Medical Devices – Medical Devices Industry
Start time: 2010-09-09 End time: 2010-09-11 Venue: Hunan International Convention and Exhibition Centre
Contact: Lin Feng Contact Phone: 0731-82865666 Sponsored by: Hunan Medical Technology Market Association, the National Medical Association, Medical Devices Industry Association of Hunan Province public health newspaper Zhongyinghezi Tarsus Hope Exhibition Company
Sponsor: Changsha Tarsus Hope Exhibition Co., Ltd.
2010 Central and Western China (Changsha) Medical Equipment Fair
Show Overview: Hunan Medical Device market has great potential!
The next three years, the state invested 850 billion yuan of basic medical insurance system, which invested 37 billion yuan on the county hospitals, medical facilities in rural areas into 40 billion yuan. Driven by huge investments in the government, the Chinese medical device market will continue to heat up!
Hunan existing medical institutions 14 521, of which 812 county hospitals, township hospitals in 2353, private hospitals (clinics) 10 377, and another 39,030 rural health clinic.
2009, the state of primary care in Hunan Province special health infrastructure investment of 4 billion yuan for Hunan county hospitals and rural health care system.
Welcome to the Central and Western China Medical Equipment Fair
“Midwest Medical Exhibition” exhibition series in each of Zhengzhou, Changsha, Hefei, Chengdu, Taiyuan, Kunming, Hainan and other places continue to organize, which held most of the historical event more than ten years, has become well-known professionals in central and western regions exhibition.
“Midwest (Changsha) Medical Exhibition” by the National Medical Technology Market Association, Medical Association of Hunan Province, Hunan Medical Device Industry Association. So far, has been successfully held 16 sessions, and to gradually increase the numbers of exhibitors and turnover, as the medical industry in Hunan larger scale, influential professional exhibition of medical equipment.
“Midwest (Changsha) Medical Exhibition” structures and equipment procurement platform for the exchange of information, services, medical equipment manufacturers, service professional buyers.
“Midwest (Changsha) Medical Exhibition” high-quality professional audience database, using a variety of ways to invite to visit.
“Midwest Medical Exhibition” and the country more than 160 professional media, and 20 more than the establishment of comprehensive media Cooperation Relations, event publicity-rich, and timely.
Exhibits: Diagnostic equipment Ultrasound diagnostic equipment, X-ray diagnostic equipment, cardiac EEG monitoring equipment, scanning equipment, chemical and biological detection equipment, rehabilitation and physical therapy equipment, function test equipment, pathology equipment, Endoscopy Inspection equipment, optical instruments and neurology, orthopedics, ENT, ophthalmology, orthopedics and other diagnosis equipment.
Therapy equipment In surgical equipment, radiotherapy equipment, nuclear medical treatment equipment, laser equipment, physiotherapy equipment, cryogenic treatment equipment, dialysis equipment, first aid equipment, anesthetic and analgesic equipment and ward nursing equipment.
Aids Disinfection Sterilization equipment , Refrigeration equipment, oxygen equipment, air conditioning, blood bank equipment, monitoring systems and software, analytical instruments, data recording and processing equipment, hospital management system, all kinds of medical vehicles.
Hygiene materials and supplies Medical enamel, glass, rubber products and disposable consumables dressing, standardized reagents.
Dental equipment Comprehensive treatment of dental equipment, dental equipment, laser treatment, dental X-ray machine and dental Xiang complex equipment, casting, ceramic equipment, abnormal materials, dental materials.
Biotechnology and equipment Of biological engineering, biological information, biological pharmacy and applications, bio-analytical instruments and test equipment.
Exhibitors are:
We are high quality suppliers, our products such as Disposable ENT Examination Pack , Disposable Tooth Scaler for oversee buyer. To know more, please visits
Impact of MACRA on the healthcare industry
What is the healthcare industry saying about MACRA implementation?
Domino New-d + Series Laser Coding Systems – Domino, Laser Coding, Coding Machine – Food Industry
Leading global provider of product identification and trace back solutions provider, introduced a new generation of domino-style laser line program Coder D + series. Domino D + series laser coding systems will begin in October this year, with its unparalleled flexibility in manufacturing enterprises in China to provide high-quality fine laser marking solution.
D + series following the launch of DSL + series followed by a new generation of laser coding systems, can be paper, cardboard, plastic, glass and other materials to generate attractive logo, print unlimited number of rows and the direction, character height marking the flexibility to choose between 0.3mm to 180mm, the maximum speed of 400 m / min. Domino now offers 10 watts, 30 watts and 55 watts of laser energy in three different series of laser D + Coder To meet the production needs of different users.
Concerned about the overall equipment effectiveness
D + series inherits DSL + Series logo fine, stable performance, etc., while the other PLUS series with Domino as a high degree of concern about the overall effectiveness of equipment. D + series based on the browser and Ethernet communication control system, can be compatible with standard JAVA Web browser for remote control and LAN connectivity for easy, centralized management and control; D + series of intuitive and simple setup wizard, “the See the income “of the operating mode to install, operate more easily, minimize errors caused by manual operation. Domino Laser Business Unit Global Product Director ThorstenFoecking said: “D + series is designed to take full account of the beginning of the optimize design and minimize operator error, by maximizing equipment uptime to improve overall performance.”
Unparalleled flexibility New generation of laser coding system, Domino D + series embodies many years of professional experience and laser technology designed for the tens of thousands of business wisdom of laser coding machine, considering a variety of Production Line Characteristics and needs, innovative modular design more flexible to meet diverse end-user and the identity of wiring business needs. D + series independent of the controller system integrates the controller, and network servers, and industry a common 19-inch Packaging Machinery The control cabinet system is fully compatible, you can overlay placed or hidden, saving production line integration required installation space; new browser-based control software and Ethernet interface allows communication with the host standardization, simplified system integration; flexible The laser head can be adjusted in direction and facilitate the integration of various production environment to meet the requirements; innovative modular design to meet customer’s individual requirements, and facilitate the expansion and upgrade capabilities to meet the production needs of the dynamic adjustment or upgrading; Meanwhile, the flexibility of the design of D + series laser coding systems, and optional touch screen controller wiring business at the same time meet the needs of a variety of wiring. Domino China laser product manager Wang Jian explained: “D + series laser coder easy integration and installation, saving space and have the extension installed, its superior flexibility to better meet the diverse needs of domestic manufacturers, identification equipment domestic production is ideal for enterprises. “
Years, Domino has been truly concerned about the needs of users from the user point of view to develop a new logo design of equipment, technology and innovation for businesses and users to create safety, convenience and ease. Domino D + series laser marking system, marked the advent of concern identified user needs in another advance, Domino innovative ideas put forward the concept of modular and standardized design developed by D + series with unparalleled flexibility, not only to adapt to a variety of production and installation needs, and for the majority of manufacturing enterprises the flexibility to adjust according to market needs and to upgrade production lines at any time provided strong support.
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Increase The Revenues In Healthcare Industry By Web Based Medical Billing Services
Medical billing is an important matter in healthcare industry which requires it to be efficient and low cost billing, to increase the flexibility to access patient charts and doctors notes to speed up the process in health care industry. Medical billing services, web based process gives us full command and visibility for a complete update. It just not limited to your office computer but anyone who has internet, he can access chart with his convenience.
Web based medical billing service focuses on convenience and reliability; means that you always have access what is being processed earlier because sometimes it becomes a hassle to check out the datas of 20-30 days ago. It keeps track of every detail of every patient like insurance, appointments and all the confidential data, according to individuals; in this service, there is a lot of budgeting and billing plans for attracting the old patients and that would improve the relation of current clinics patients also.
To access this system it is not require installing any software, you can run it from any computer. That service gives a fantastic security and back up; antivirus protection and data monitoring ensures us for a safe and secured data with backup.
The medical billing is the latest technology that benefits both the client and the office staff; medical billing management services are easy to startup with a high speed internet connection, 24/7 accessing and reduce operating cost on behalf of many strategies like unemployment insurances, employee benefits and different type of maintenance cost. In todays healthcare environment, outsourcing can be the most effective solution for medical billing services. The opthomology medical billing service reduces the billing cost and increase productivity with having a team of ophotomology billing specialist who are experienced enough to increase the cash flow and reduce the electronic claims.
The medical billing professional associations are American Medical Billing Association (AMBA), Healthcare Billing and Management association (HBMA), Medical Association of Billers (MAB), Medical Group Management Association (MGMA), and American Association of Healthcare Administrative Management (AAHAM).
Medical Group Management Association is an association for medical group practice; the practice professional enhance their career with management tools of MGMA. American Association of Healthcare Administrative Management is a primary resources centre of information, education and advocacy. The primary goal of this association is remarked by the professional development of the members. The association provides numerous opportunities to raise skills, knowledge, and awareness that are necessary in todays health care environment.
Medical group management association these days is looking forward to various medical billing solutions; web based medical billing service that many companies of the town are offering. For more information about American Association of Healthcare Administrative Management log on to matrixbill.com
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Medical Billers and Coders: An Integral Part of the Healthcare Industry
The Behind-The-Scenes Medical Professionals
Doctors and nurses often receive most of the attention in healthcare, but behind the scenes, many other professionals work hard to provide the best patient experience possible. Medical billers and coders are particularly important, and yet, few people understand the crucial role they play.
My friend Monica over at Carrington College made an infographic that I found very interesting and wanted to share with you all. She points out that medical billers and coders do their part to ensure that physicians and other healthcare professionals can pay attention to providing care rather than stress about insurance payments.
Simplifying the Payment Process
Without medical billers and coders, the payment process would be far less efficient. Their efforts allow doctors to concentrate on treatment and patients to focus on recovery.
Medical billers and coders make payments easier to understand. Coders translate each diagnosis and treatment to one of over 140,000 ICD-10 codes. Billers then use this code to create an appropriate medical bill.
Billers and coders ought to receive a lot of credit for making the healthcare system work. They are an integral part of the healthcare industry, and their services help both doctors and patients.
So are you a coder or a medical biller? I would love to know. Leave me a comment below.
— This post Medical Billers and Coders: An Integral Part of the Healthcare Industry was written by Manny Oliverez and first appeared on Capture Billing. Capture Billing is a medical billing company helping medical practices get their insurance claims paid faster, easier and with less stress allowing doctors to focus on their patients.