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Leslie Witkin Consulting Management Menu
 Leslie Witkin, Physicians First, Inc.
The road to becoming a physician
is a long and arduous process; but when it is over, physicians
look forward to finally establishing or becoming a part of
a medical business and taking care of their patients.
What they don't expect is the
burden of a healthcare environment where coding, compliance,
regulation, and payer issues seems to occupy an ever increasing
amount of their time. The ability to determine if the business
is financially successful seems to be an elusive prospect.
It doesn't have to be that way.
With the right planning, resources, and education for both
physician and administrative personnel, a medical business
can be financially successful and efficient…..BUT most
of all, the business can allow the physician to be a physician first….the way it should be.
Physicians
First, Inc. has been providing the professional
services necessary to the success of medical businesses for
over fifteen years both in Florida and nationally. The results
are more than documented in the references from those who
have chosen the company to provide immediate as well as long
term solutions to the management of their organization.
Lasting relationships are created
with clients through a commitment to quality service.
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Physicians
First
..the
way it should be |
FYI
- For Your Information |
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February 26, 2010
Article: Medicare Contractors to Hold Claims for Ten Business Days Starting 3/1/10
Congress has failed to stave off the 21.2% decrease to Medicare reimbursements slated, by law, to take effect 3/1/10. The Senate will not reconvene again until Tuesday, March 2nd. It is hoped that some temporary fix to eliminate the Medicare cut will be approved next week. In anticipation of a fix, CMS has instructed Medicare contractors to hold payment for claims with dates of service 3/1/10 and after for 10 business days. Since electronic claims are currently held for payment for 14 calendar days, it is hoped that cash flow issues to providers will be minimized.
Below is the actual text from an email sent by CMS to the provider community.
"The Centers for Medicare & Medicaid Services (CMS) is working with Congress, health care providers, and the beneficiary community to avoid disruption in the delivery of health care services and payment of claims for physicians, non-physician practitioners, and other providers of services paid under the Medicare physician fee schedule. As you are aware, the Department of Defense Appropriations Act of 2010 provided a zero percent (0%) update to the 2010 MPFS effective for dates of service January 1, 2010, through February 28, 2010.
We believe Congress is working to avoid the negative update that will take effect March 1. Consequently, CMS has instructed its contractors to hold claims containing services paid under the MPFS for the first 10 business days of March. The holding of MPFS claims will only affect claims with dates of service March 1, 2010, and forward. This hold should have a minimum impact on provider cash flow because, under current law, clean electronic claims are not paid any sooner than 14 calendar days (29 for paper claims) after the date of receipt. Be on the alert for more information about the 2010 Medicare Physician Fee Schedule Update."
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