ICD 10 Grace Period: How Does it Work?

The ICD 10 grace period isn’t a myth, but it isn’t a magical fix either. So, what is it exactly? The grace period simply affords a little more time for learning the new coding system because, let’s face it, there are bound to be mistakes. That being said, your practice should be actively learning, whether…


Medical Billing and Claims Management Explained

Medical billing management and medical claims management are two time-consuming facets of running a medical facility. However, as any good practice manager knows, they are crucial to achieving and sustaining profitability. If you are building a practice from the ground up or would just like to review the basics of the medical billing cycle and…


Healthcare Revenue Cycle Management Basics

What is revenue cycle management and why is it important for your health care organization? To answer these questions, let’s look more closely at what revenue cycle management entails. Healthcare Revenue Cycle Management Definition Healthcare revenue cycle management includes all clinical and administrative functions that contribute to the organization, maintenance, and collection of data on…


Modifiers in Medical Coding: How to Avoid Billing Error

Modifiers in medical coding are essentially phrases added onto the end of the sentence formed by the normal code. Where coding provides the basis for the language that unites healthcare organizations and payers, modifiers provide an extension to that language as rules and regulations with Medicare and payers are added or changed. Some medical practices…


Top 5 Risks of ICD-10 Conversion

ICD-10 conversion seems daunting in sheer numbers. With over 50,000 diagnosis codes, the possibility for error looms larger than ever. And that could mean substantial fines come the October 2015 deadline. The good news is that the general risk is smaller for smaller medical practices. After all, a smaller practice often gives more specific care…


6 Tips Toward Better Medical Office Management

Medical office management can have its difficulties. Not being a physician nor a part of the non clinical staff, the manager is completely set apart. Medical office management has the necessary tasks of keeping the day to day activities of the practice running smoothly and the communication between personnel open. Between the constant rings of…