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| | MAKING HEADLINES THIS WEEK |
AAOE
It's time to rock! If you're ready to be part of the band, submit your session proposal for the AAOE 2019 Annual Conference taking place May 4-7, at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee. But hurry, the deadline to submit your proposal is June 1! Here are some dos and don'ts to stand out from the crowd.
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AAOE
AAOE's 50th anniversary is just around the corner in 2019. One of AAOE's greatest strengths is the community of members who willingly help each other be better every day. In honor of the support and collaboration that has persisted through half a century, we're compiling advice into a special anniversary book. Take just a few moments to share your best piece of advice to be part of this exciting celebration.
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AAOE
The AAOE Benchmarking Survey closes June 1. This means time is running out to take the survey and receive the results for free. You'll get orthopaedic practice management specific data that you can access year-round. And you'll help your peers because increased participation means the data better represents important factors such as practice size, region, state, population size, and specialty. There's still time, get started today!
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AAOE
It's that time of year again! CMS is busy pushing out proposed rules for the yearly fee schedules. Here's more information about the process and how you can be most effective in submitting your comments on these proposals.
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| | GOVERNMENT AFFAIRS NEWS AND UPDATES |
AAOE
The Supreme Court of the United States (SCOTUS) has upheld the use of class and collective actions waivers in arbitration agreements in employment. The 5-4 decision in Epic Systems Corp. v. Lewis (2018) allows employers to require employees, as a condition of employment, to sign agreements to arbitrate any employment dispute on an individual basis.
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AAOE
The Centers for Medicare and Medicaid Services (CMS) has released updated versions of its Part B drugs dashboard. The dashboard gives viewers the opportunity to review average spending in the Medicare program between 2012 and 2016 and shows the change in average spending from 2015 to 2016, as well as the annual growth rate in average spending. CMS believes this information will assist providers in determining the cost of Part B drugs and help them choose lower cost alternatives.
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The new landscape of payments coming from the Medicare Access and CHIP Reauthorization Act (MACRA) is here and we are ready with a complete solution built into our 2015 Edition Health IT Module Certified EHR. Our MIPS solution gathers, tracks and benchmarks your reporting data, calculates your Composite Score and progress for each measure. Learn More
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Healthcare Dive
CMS Administrator Seema Verma on May 15 said the agency will not approve any state requests to put lifetime coverage limits on Medicaid beneficiaries. Earlier this month, CMS rejected Kansas' request to place a three-year lifetime limit on Medicaid benefits. Still, four other states have requested similar Medicaid waivers: Utah, Arizona, Maine, and Wisconsin.
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AAOE
Recently, the Centers for Medicare & Medicaid Services (CMS), announced that we changed the name of the MIPS Advancing Care Information performance category to the Promoting Interoperability performance category. Here are a few things you need to know about the name change.
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AAOE
This session covers what public policy is, how it's created, and how it affects an orthopaedic practice manager with an emphasis on the role that practice managers can play in altering/enacting policy changes. Healthcare is changing, understand how that change affects you and what you can do about it.
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AAOE
The Certified Evaluation & Management Auditor — Orthopaedics (CEMA-O) is the only E&M certification specific to orthopaedics. Earning this credential will help you save your practice annual auditing fees, improve patient satisfaction via quick and efficient coding, and improve billing and coding processes. This comprehensive online program will prepare you to pass the CEMA-O exam and became an E&M auditing pro.
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AAOE
The goal is for physicians to remain as actively engaged and passionate as possible. How can physicians maintain a life balance as we establish a new generation of healthcare? Attend this webinar to learn operational strategies and to create action plans that help you work with your staff as a team. These options and approaches assist physicians in providing patient care to your degree of standards while avoiding conflict and burnout from the earliest indicators.
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AAOE
Join your fellow orthopaedic practice executives for a day on Capitol Hill this fall promoting the role of orthopaedic practice executives in the federal policymaking process. We'll be working to promote equitable competition in the healthcare marketplace by advocating for issues like performing total knee and upper extremity joint replacements in ambulatory surgery centers, increasing reimbursement for bone density scans performed in a physician's office, and other issues that will improve competition and reduce the administrative burden of running an orthopaedic practice.
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If you think you can’t run your own in-house DME/bracing program because it isn’t compliant, it’s not profitable or it’s too complicated, think again. Visit the Breg Impact team at AAOE, Breg booth #502, and let us show you how our consulting and software can positively impact your orthopedic business.
Learn More About Breg Impact
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AAOE
Get a monthly dose of education with the AAOE 2018 E-Learning Series. The series provides free monthly webinars for AAOE members covering various hot topics in orthopaedic management and presented by top speakers in the field. Sign up to stay up-to-date on what's happening in the industry. Register for all 12 webinars in the series or pick and choose which ones you'd like to attend. Either way, the cost is free for members and your registration means you will receive a link to the recording once it's available — so you don't miss out even if you can't make the live webinar. Sponsored by SRS Health.
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AAOE
The Compliance Calendar contains dates for practice executives to know and stay informed of in order to successfully comply with the requirements of the Medicare, Medicaid, Tricare, and Veteran's Choice programs. The Calendar is updated on an as-needed basis and we encourage members to check back regularly as dates may change depending on CMS' rulemaking.
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| | WITHIN YOUR PRACTICE WALLS |
Medical Economics
With the rise in high-deductible health plans (HDHPs), practices must have a strategy to collect co-payments and co-insurance amounts before services are rendered, said Lovell D. Davis, MHA, CPC, Director of Revenue Cycle Management at Virginia Eye Institute in Richmond, Virginia. who spoke during AAPC's HEALTHCON, April 8-11 in Orlando, Florida.
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Bloomberg
President Donald Trump surprised Robert Wilkie May 18 by announcing he would nominate the acting secretary of Veterans Affairs to lead the agency. "I'll be informing him in a little while — he doesn't know this yet — that we're going to be putting his name up for nomination to be secretary of the Veterans administration," Trump said at a White House event on prison reform.
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Carestream Health
Before investing in a new piece of imaging equipment, orthopaedic practices need to understand the potential financial impact. Contribution to patient care is paramount; however, so is the potential to increase orthopaedic practice revenue.
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Health Leaders Media
In a keynote address at the American Bar Association's Antitrust in Healthcare Conference on May 17, Deputy Assistant Attorney General Barry Nigro said DOJ will rigorously prosecute Medicare fraudsters and price gouging by drug makers, and continue to cast a skeptical eye toward mergers, potential collusion among health systems and payers.
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RevCycle Intelligence
With the rise in popularity of high deductible health plans, hospitals are no longer waiting on just payers to collect what is owed to their hospital or practice. Patients have become a major revenue source, but hospitals are struggling to implement new strategies in response to the growth in patient financial responsibility.
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Physician practices can effectively remain competitive in the market today through strategic positioning and consolidation. Group mergers allow practices to leverage strength in numbers. Call 678-832-2021 to speak with one of Coker Group’s experienced advisor about your situation and discover how we can help you meet your goals.
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Healthcare Finance
Primary care physicians' compensation rose by more than 10 percent over the past five years, according to a new report from the Medical Group Management Association. This increase, which is nearly double that of specialty physicians' compensation over the same period, was cited as further evidence of the worsening primary care physician shortage in the American healthcare system.
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Health Exec
Health systems have made upgrades to revenue cycle solutions one of their top priorities in recent years, but C-suite leaders may not be happy with the results when it comes to reducing denials, according to a survey from Dimensional Insight and HIMSS Analytics.
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RevCycle Intelligence
Approximately 80 percent of hospitals leaders in a new Black Book survey said they were vetting or considering outsourcing full revenue cycle management by 2019.
The demand for revenue cycle management outsourcing is also significantly up, revealed the survey of 709 C-suite executives, board members, and senior managers at hospitals and other inpatient organizations.
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Becker's ASC Review
More than 50 percent of patients prefer electronic bills and over 75 percent would give providers pre-authorization for credit card charges, according to Waystar's Patient Payment Check-Up Survey.
The survey was conducted by HIMSS Analytics. The organization polled 895 financial executives from hospitals, health systems and outpatient facilities, as well as 1,007 adult patients who visited an inpatient or outpatient provider within a year of completing the survey.
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