The Feel Good Nostalgia: MIPS is the Merit-based Incentive Payment System, a CMS initiative that determines Medicare payment adjustments to eligible providers based on the provider’s overall MIPS performance score. The provider’s MIPS score determines the provider’s reimbursement bonus, reimbursement penalty, or if the provider remains neutral (no bonus or penalty).

Healthcare professionals need to remain aware of any changes that may affect the industry and their responsibilities to respond to requests for information from the government. Specifically, it’s crucial to stay on top of updates from the Centers for Medicare & Medicaid Services, such as CMS quality measures.

As we enter the new year, you and your staff must be feeling some excitement (and maybe a bit of trepidation) as you anticipate the achievements to come. Perhaps you have new goals to reach in terms of improving your bottom line, or adding additional services to attract more patients (and retain your current loyal patients).

As managers, owners and principals at cardiology practices plan for the coming quarters this year, the flow of revenue will be a major consideration. Accordingly, they will be looking at revenue cycle management or RCM trends to help prepare for 2024. With that in mind, here are cardiology RCM trends that appear to be emerging this year.

How to Ease Staffing Burdens for Healthcare Professionals It’s no secret that many talented individuals are leaving or have already quit their jobs during the “Great Resignation” in the aftermath of the global coronavirus pandemic. According to a report from Forbes, the healthcare industry has lost approximately 20% of its workers. Yet, the demand for healthcare services with an emphasis on patient safety, disease control, and public health has never been greater.

How Innovations in Cohesive Practice Management Software Are A Game Changer for Any Ophthalmic Practice

2022 is not quite finished yet, but you’ll want to spend some time considering what’s ahead in the coming year for your medical organization. After all, it’s best to be as prepared as possible for upcoming requirements that will have a big effect on your practice and the way you do business during the next two years of the Biden administration.

Savvy owners and operators of medical practices know that it’s prudent to periodically look ahead to the future of healthcare technology trends. The idea is to carve out a bit of room in their already busy schedules to get a better understanding of what may be to come. Doing so can help you support your bottom line in the coming year.

While we are still in the middle of summer, it’s prudent to look ahead to next year to prepare for potential changes in how your medical practice will receive payments for services rendered. Whether your patient population currently consists mostly of Medicare patients or only a portion, it’s imperative to stay on top of regulations and updates that the government issues regarding healthcare coverage. And consider that local demographics may be changing, leading to more Medicare patients coming through your doors in the years to come. It can be challenging to carve much time out of your already busy schedule to keep track of what’s happening with Medicare lately. With that in mind, here’s a look at proposed Medicare fee schedule changes that are anticipated for 2023.

The complex nature of providing health care demands complicated computer and software systems to support the work of doctors, their staff, and other members of the medical industry. You don’t need to be a computer scientist to appreciate the nuances of healthcare data standards and systems to help people communicate and share vital medical information. But it’s good to become at least somewhat familiar with the technology that allows us to share important facts and statistics about patients with other healthcare providers.