Working in revenue cycle requires us to have a fairly heavy reliance on a great variety of data. I would go so far as to say many of us here at speroMD have crossed the bridge to being quite nerdy when it comes to data. ...
Our blog often focuses on treating the medical practice as a business. For many of us, the patient care element is the focus and it dulls the otherwise sharp business perspective we may have in a different environment. With this in mind, it’s important to...
speroMD is located in Illinois, and therefore many of our readers live and work in Illinois. Whether or not you are in Illinois, the state made national news this week due to extreme budget difficulties that led Moody’s to threaten a “junk” status credit rating...
At long last, yesterday we all received the first look at the healthcare bill that is the product of the legislative process following the House’s passage of the American Health Care Act (AHCA). The Better Care Reconciliation Act (BCRA) is the bill born from the...
This week, the Centers for Medicare and Medicaid Services’ (CMS) Office of the Actuary released a report analyzing health care spending data broken down at the state level for the period between 1991 – 2014. We were interested in sharing some highlights of this report...
For many of us, employees are one our greatest business expenses, if not our greatest expense. The hiring and training process for new employees is also quite costly for any business, meaning employee retention should be as great a concentration as ensuring you are bringing...
We regularly stress on this blog that your practice is a business. Because we are in the business of providing a professional service, and that service comes through as more of a need of our customers than something they are voluntarily seeking, we sometimes lose...
President Trump released his proposed fiscal year 2018 budget today. It includes several sizeable cuts to various sectors of the healthcare industry. According to the Health Affairs blog, “Over the next ten years, the budget proposes cutting Obamacare” outlays by $1.25 trillion, resulting in $250...
One element of the Medicare Access and CHIP Reauthorization Act (MACRA) passed in 2015 was a mandated change to Medicare beneficiary identifiers. Currently, Medicare beneficiaries are identified by their social security number. The reason for the change is due to concern regarding identity theft. As reported...
There are many things to consider when you are trying to decide whether you should hire billing staff to help manage your revenue cycle, or outsource your revenue cycle to a firm that specializes in revenue cycle management. Oftentimes, outsourcing this critical piece of your...