August Radiology eNewsletter

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August Radiology eNewsletter

  1. 1. AUGUST 2012 Inside IN THIS ISSUE 1.1 2013 PROPOSED MEDICARE PHYSICIAN FEE SCHEDULE 1.2 2013 Proposed Medicare Physician THREE THINGS RADIOLOGISTS SHOULD Fee Schedule LOOK FOR IN A REVENUE CYCLE In recent weeks, the U.S. MANAGEMENT Centers for Medicare and COMPANY Medicaid Services (CMS) 2.3 proposed a new Medicare REVENUE CYCLE Physician Fee Schedule (MPFS) MANAGEMENT: BENCHMARKING YOUR for 2013, that will reduce RADIOLOGY PRACTICE payments to radiologists by 4% and radiation oncologists by 2.4 15%. The proposed cuts would PATIENT PROTECTION AND AFFORDABLE CARE be made to pay for a 7% increase in payments to family physicians and UPDATE a 3-5% increase to other primary care physicians.  In simple terms, decreases in payments for radiology services, equal increases in payments for others. Learn more about the proposed physician fee schedule here! Three Things Radiologists Should Look for in a Revenue Cycle Management Company The financial health of a radiology practice can be assessed by the level of overall reimbursement and the status of a practice’s accounts receivable. It is extremely difficult to F I R T Y continue to provide high quality patient care; if you are constantly (855) RING-HIS 350 S. Northwest Highway worried about the revenue cycle, and Suite 200 how it may impact the practices income and profitability levels. Park Ridge, IL 60068 Learn more about the three key qualities to look for in a www.healthinfoservice.com revenue cycle management company now!HEALTHCARE INFORMATION SERVICES, L.L.C www.healthinfoservice.com
  2. 2. AUGUST 2012 Revenue Cycle Management: Benchmarking Your Radiology Practice Benchmarking is critical to financial success. When you benchmark your practice you are able to see where you are at, and where you would like to be, all the while improving your productivity and performance. What’s the hardest part of benchmarking your practice? Some would say just starting. How can you start benchmarking your practice? Read more about how you can begin benchmarking for your radiology practice! Patient Protection and Affordable Care Act Update It is pretty safe to say that by now you are all aware that the Supreme Court announced its decision on the constitutionality of the provisions detailed in the Patient Protection and Affordable Care Act (ACA), A.K.A “ ObamaCare”. And, like most healthcare professionals are probably asking, what does this mean for me?  Read more, to learn about the two substantive issues presented to the court and how it would effect you and your practice. Learn more now! Have Questions? We’re happy to help. Healthcare Information Services (HIS) (855) RING-HIS 350 S. Northwest Highway, Suite 200 Park Ridge, IL 60068 www.healthinfoservice.com F I R T YHEALTHCARE INFORMATION SERVICES, L.L.C www.healthinfoservice.com

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