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Mbc’s best billing practices for bundled payment models in ohio

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MedicalBillersandCoders.com has been catering to the increasing demands of billing professionals in Ohio for transition concerns about Bundled Payments. MBC has been helping healthcare practices understand the intricacies of this new payment model that is all set to replace the traditional pay-for-service.

As part of the Bundled Payment for Care Improvement initiative, four bundled payment models have been proposed by health authorities that will result in coordinated and high quality care at low costs.

Model 1 deals with care focused on inpatient hospitalization for acute care
Model 2 and 3 include a bundled payment arrangement under which the actual expenses are reconciled against a target price for an episode of care
Model 4 involves bundled payment arrangement where a provider is paid a lump sum amount for entire episode of care

See Continue : http://www.medicalbillersandcoders.com/news-release/57-mbcs-best-billing-practices-for-bundled-payment-models-in-ohio-medical-billing.html

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Mbc’s best billing practices for bundled payment models in ohio

  1. 1. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 1 of 6 MBC’s Best Billing Practices for Bundled Payment Models in Ohio Wilmington, Delaware, June 10, 2014 MedicalBillersandCoders.com has been catering to the increasing demands of billing professionals in Ohio for transition concerns about Bundled Payments. MBC has been helping healthcare practices understand the intricacies of this new payment model that is all set to replace the traditional pay-for-service. As part of the Bundled Payment for Care Improvement initiative, four bundled payment models have been proposed by health authorities that will result in coordinated and high quality care at low costs.
  2. 2. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 2 of 6  Model 1 deals with care focused on inpatient hospitalization for acute care  Model 2 and 3 include a bundled payment arrangement under which the actual expenses are reconciled against a target price for an episode of care  Model 4 involves bundled payment arrangement where a provider is paid a lump sum amount for entire episode of care In the subsequent three years Centers for Medicare & Medicaid (CMS) plans to work in coordination with participating organizations to assess if the model lowers the cost for Medicare and improves patient care. Ohio and Tennessee proposed pursuing this payment model as a multi-payer innovation under each state's State Innovation Model grant from the Centers for Medicare and Medicaid Innovation (CMMI). Both the states have received planning grants to pursue bundled payment as a principal strategy.
  3. 3. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 3 of 6 Experts at MBC have a good understanding of the dynamics associated with these payment models. They use their industry knowledge to help providers in Ohio prepare for potential challenges related to these bundled payment models. They have not only helped several providers implement these payment models but also contributed towards various other benefits associated with this payment platform. The effective Revenue Cycle Management (RCM) services offered by MBC have helped medical practices in Ohio deal with issues related to bundled payment implementation well. Their expert team has successfully managed to help practices adapt to the new payment model by enhancing internal operations, assessing their revenue cycle to identify gaps and offering assistance in training their staff and replacing existing software to meet health-care reform needs.
  4. 4. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 4 of 6 Apart from implementing bundled payments and RCM, MBC has also helped providers sail through the following challenges:  Identification of care services that fall within and outside an episode of care  Need to avoid treatment of high-risk patients  Need to avoid treatments that surpass average episode payments MedicalBillersandCoders.com helps providers negotiate payer contracts and schedules so they work on such new payment models effectively. Along with assistance on payment models, MBC provides expert billing and coding solutions to small as well as large medical practices in Ohio.
  5. 5. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 5 of 6 About Medicalbillersandcoders.com Medicalbillersandcoders.com is the largest consortium of billers and coders across US. (California Medical Billing, Florida Medical Billing, New York Medical Billing, Ohio Medical Billing). The portal brings together hundreds of billers with experience in different specialties, viz. Cardiology Billing, Family Practice Billing, Gastroenterology Billing, Internal Medicine Billing, OB-Gyn Medical Billing, Orthopedic Billing, Podiatry Billing, Radiology Billing, on the same platform to service physicians in their local areas. This network of billers and coders is growing rapidly and is currently servicing over 50 specialty physicians across the entire US. Tags: Medical Billing Services, Ohio Medical BIlling Services, Outsource Ohio Billing Services
  6. 6. End to End Medical Billing Solutions Call now 888-357-3226 (Toll Free) http://www.medicalbillersandcoders.com www.medicalbillersandcoders.com Copyright ©-2013 MBC. All Rights Reserved. Page 6 of 6 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 See Other MBC Press Release:  MBC unearths Solution to the Biggest woes of Dental Billing for Practitioners across US  Medicalbillersandcoders.com Systematically Unravels Unique Orthopaedic Billing Challenges!

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