Navigation Links
MBC Helps Internal Medicine Specialists in Florida Tackle Medicare & Medicaid Fee Parity Initiative Challenges
Date:4/23/2013

WILMINGTON, Delaware, April 23, 2013 /PRNewswire/ --

Medicalbillersandcoders.com's internal medicine experts have recently witnessed an increasingly high demand for medical billing services in Florida.  MBC recognizes that this is partly due to several professional challenges intrinsic to the discipline, and also due to the fact that Florida is amongst the lowest paying states for Medicaid internal medicine specialist rates.

This dismal state of payment owes mainly to the fact (apart from Florida being a low fee center) that the services provided by internal medicine specialists come under Medicaid which involves much lower rates than Medicare. To bring about a balance between Medicare and Medicaid, medical authorities have equaled Medicaid rates with those of Medicare on a pilot basis applicable until December 2014.

But, alas, at a state level, this will significantly alter policies, claims systems, provider databases and data reporting. MBC realizes that these state-level policy and procedure alterations will drill down to change the way internal medicine specialists make claims and track claim-related documents. MBC has been helping many internal medical specialists in Florida to handle challenges arising from this new rate parity.

MBC noticed the following areas will be of prime concern for internal medicine specialists-

  • Only physicians practicing in certain areas of primary care (internal medicine specialists being one of them) qualify for the increased rates from Medicaid. Physicians have to fill out appropriate forms and furnish accurate documentation to establish their credentials with Medicaid authorities to procure the rate hike
  • Physicians will have to establish that at least 60% of their Medicaid reimburse claims submitted the previous year to Medicaid were made using primary care codes recognized by Affordable Care Act

The challenges outlined are going to affect internal medicine specialists in all states that are undergoing this fee parity initiative. But MBC understands that the challenges are going to affect the specialist differently depending on size and nature of the practice    and consequently has a different approach depending on the practice.

MBC's role in assisting Internal Medicine physicians in Florida

The challenges outlined above evidence various areas of concern like- right documentation, staff training for appropriate use of codes, tracking codes which have been used previously etc.

As part of the Revenue Cycle Consulting services, MBC performs-

  • Thorough assessment of your operations
  • Improved documentation and accuracy in billing and coding
  • Works out areas of operational lapses and revenue leakages
  • Improves in-house operations by spotting areas of revenue leakage and staff training
  • When required helps replace old software applications with new
  • Helps implement improved RCM and regularly tracks the process

Many internal medicine specialists from small to large sized set- ups, in Florida, have opted for MBC's services entirely shipping out their billing and coding responsibilities to MBC - so that their staff can continue to focus on medical activities even as they seamlessly realize claims becoming beneficiaries of the rate increase rather than its victims.  

MBC has helped internal medicine specialists overcome challenges linked to fee parity initiative-  

  • MBC guides those physicians who qualify for the rate hike to understand which areas of their medical services qualify and realize payments by helping submit appropriate medical information to establish their credentials with Medicaid authorities
  • Most internal medicine specialists use Medicaid primary codes; but proving a year later that at least 60% of their reimbursements were procured with Medicaid may be a challenge. MBC helps physicians identify proper documentation and furnish appropriate details

About Medicalbillersandcoders.com

Medicalbillersandcoders.com is the largest 'Consortium of Medical Billers and Coders,' across the US. The portal brings together hundreds of billers, with experience in different specialties ( Internal Medicine Billing, Cardiology Billing, Podiatry Billing, Family Practice Billing, Radiology Billing ) on the same platform to service physicians in their local areas. This network of coders and billers is growing rapidly and is currently servicing over 50 specialty physicians, across the US. (California Medical Billing, Florida Medical Billing, Georgia Medical Billing, New York Medical Billing  )

Contact:
Prerna Gupta , Media Relations
108 West, 13th street,
Wilmington, DE 19801
Tel: +1-888-357-3226
Email: info@medicalbillersandcoders.com
http://www.medicalbillersandcoders.com/
Medical Billing Blog


'/>"/>
SOURCE Medicalbillersandcoders.com
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Potomac Photonics Helps Prototype Robotic Capsule Endoscope
2. New Non Toxic Rust Remover Helps Contractors Cut $1,000's in Labor Cost, My Cleaning Products Explains How It Does It
3. Lee Biosolutions Helps Make Cancer Patient's Wish Come True
4. University of Colorado Cancer Center Study Shows That Problem-Solving Training Helps Mothers Cope with Child’s Cancer Diagnosis
5. BioFit Helps Lab Specifiers Resolve to Improve Worker Safety and Productivity in 2013 through Ergonomic Seating Use
6. New Time Clock Software from Time Clock eShop Helps You Improve Employee Efficiency in 2013
7. New Online Course Helps Employers Comply with OSHA’s Dec. 1, 2013, GHS Training Deadline
8. New Research Helps Explain Weakened Immune Response in Elderly
9. NTUs sense-ational invention helps underwater vessels navigate with ease
10. Bayer Bee Care Center Helps Solve Bee Health’s Toughest Challenges
11. X-ray laser helps fight sleeping sickness
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... ... June 23, 2016 , ... ... and Mold) microbial test has received AOAC Research Institute approval 061601. , “This ... introduced last year,” stated Bob Salter, Vice President of Regulatory and Industrial Affairs. ...
(Date:6/23/2016)... ... June 23, 2016 , ... STACS DNA Inc., the sample tracking ... Arkansas State Crime Laboratory, has joined STACS DNA as a Field Application Specialist. ... Jocelyn Tremblay, President and COO of STACS DNA. “In further expanding our capacity as ...
(Date:6/23/2016)... 23, 2016 On Wednesday, June 22, ... down 0.22%; the Dow Jones Industrial Average edged 0.27% lower ... 2,085.45, down 0.17%. Stock-Callers.com has initiated coverage on the following ... Therapeutics (NASDAQ: NKTR ), Aralez Pharmaceuticals Inc. (NASDAQ: ... BIND ). Learn more about these stocks by accessing ...
(Date:6/23/2016)... , June 23, 2016 ... market research report to its pharmaceuticals section with ... product details and much more. Complete ... across 151 pages, profiling 15 companies and supported ... at http://www.reportsnreports.com/reports/601420-global-cell-culture-media-industry-2016-market-research-report.html . The ...
Breaking Biology Technology:
(Date:4/28/2016)... Sweden , April 28, 2016 First ... M (139.9), up 966% compared with the first quarter of 2015 ... profit totaled SEK 589.1 M (loss: 18.8) and the operating margin ... 7.12 (loss: 0.32) Cash flow from operations was SEK ... The 2016 revenue guidance is unchanged, SEK 7,000-8,500 M. ...
(Date:4/15/2016)... -- A new partnership announced today will help life ... a fraction of the time it takes today, ... insurance policies to consumers without requiring inconvenient and ... rapid testing (A1C, Cotinine and HIV) and higi,s ... pulse, BMI, and activity data) available at local ...
(Date:3/31/2016)... , March 31, 2016   ... ("LegacyXChange" or the "Company") LegacyXChange is excited ... of its soon to be launched online site for ... https://www.youtube.com/channel/UCyTLBzmZogV1y2D6bDkBX5g ) will also provide potential shareholders a ... DNA technology to an industry that is notorious for ...
Breaking Biology News(10 mins):