CRI Articles: Healthcare

"Take five" minutes to review CRI's healthcare articles for up-to-date information regarding current healthcare topics. The healthcare CPAs of CRI specialize in providing healthcare accounting, auditing, consulting, and tax services to hospitals, physician groups, nursing homes, long-term care centers, and ambulatory surgery centers.

Filling in the Missing Pieces of Healthcare Reform
In March of 2010, President Obama signed the Patient Protection and Affordable Care Act (commonly referred to as the "Affordable Care Act"). At its core, the Act's goals include expanding access to and the long-term affordability of healthcare while also preserving the solvency of Medicare and Medicaid. The results include the most sweeping changes to the healthcare delivery system of the United States since the inception of the Medicare program in the 1960s.

Fee Schedule Analysis Provides Medical Practices with Opportunities to Increase Collections
CRI's healthcare CPA team completed several studies of reimbursement by CPT codes last year. The team obtained all of the information needed to rank the commercial insurance carriers from best to worst - based on their allowed amounts by CPT code.

How Much Are Payors Shorting Your Medical Practice Reimbursements?
An AMA Health Insurance Insurer Report Card (NHIRC) was issued last June with the headline of the press release announcing the Report Card as "New AMA Health Insurance Insurer Report Card finds increasing inaccuracy in claims that were closed."

Physicians, Consider Using Data Analytics to Improve Your Medical Practice
Medical practices have multiple ways to use data analytics for practice improvements. Medical Group Management Association (MGMA) annually publishes a cost survey for a single specialty, as well as multi-specialty practices and certain other specific specialty practices.

It All Adds Up: Happy Patients Equal a Successful Medical Practice
Time for a one-question, multiple-choice pop quiz: What is the best way to build a medical practice? 

Meaningful Incentives for Meaningful Use
In July of 2010, the Centers for Medicare and Medicaid Services (CMS) issued its final rule regarding the incentive programs for meaningful use of EHR, which significantly expanded the availability of this program, reduced eligibility restrictions, defined meaningful use criteria, and allowed for "first year" incentives to begin in the spring of 2011.

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