Nearterm Blog
What Do Accounts Receivable Specialists do in a Healthcare Organization?
In healthcare organizations, the AR management function is getting more and more complex due to ICD-10 coding requirements, the Affordable Care Act, and the need to manage relationships with many payors, both government and commercial as well as patients/guarantors. The consequence is a growing need for AR specialists to deal with it all. It is…
Read MoreMedical Coding is Here to Stay
As a Medical Coding managed services provider, Nearterm sees a lot of growth in the future of medical coding. The need for medical coders is expected to grow by 22% between 2012 and 2022, a rate much faster than average for other occupations. Source: CareerStep. There are four main reasons for this. ICD-10 & -11…
Read MoreAvoid ICD-10 Cash Flow Disruptions
Before the October 1 deadline, now is good time to do a thorough assessment of your ICD-10 plan and, with many aspects of revenue cycle management (RCM) closely tied to ICS-10, an assessment of your front and back office readiness also now can save you a lot grief and missed revenue during and after implementation. Assess &…
Read MoreGet CMS ICD-10 Coding Guides for Medical Specialties
To help physician specialists and other providers get quickly up to speed, CMS has launched the ICD-10 Clinical Concepts Series for medical specialties. Each comprehensive guide in the series compiles key information from the Road-to-10 online tool in an interactive PDF format that can be readily shared, emailed, posted to websites, and printed. The specialty…
Read MoreCMS ICD-10 Coding Resources to Help You Get Ready
CMS published this information in its August 7 Newsletter. We hope you will find it useful. List of Valid ICD-10-CM Codes CMS has posted a complete list of the 2016 ICD-10-CM valid codes and code titles in the 2016 Code Descriptions in Tabular Order ZIP file on the 2016 ICD-10-CM and GEMs web page. See…
Read MoreCMS to Reimburse Physicians Despite ICD-10 Coding Mistakes
The CMS has made a concession in the transition from ICD-9 to ICD-10 that allows for reimbursement despite ICD-10 coding mistakes in claims, so as long as the physician used a valid code from the right family. This allows for flexibility in the claims auditing and quality reporting process and allows reimbursement to be made…
Read MoreIs Co-Sourcing the New Outsourcing Solution for RCM?
Co-sourcing your revenue cycle management (RCM) professional resources can get you the best of both an all-in-house or an entirely-outsourced RCM solution, according to a recent article written by Carrie Pallardy for Becker;’ Hospital CFO. With the entirely-outsourced revenue cycle management consulting firm solution you can get good service that handles it all, but you lose…
Read MoreWinning Over the “Consumer” Patient
In his article, “Why the Billing Experience Matters,” Tomer Shoval provides a clear overview of the expectations of the recent phenomenon known as the “consumer” patient. That is, the patient as consumer expects cutting edge quality care and “a simple, easy-to-read medical bill that they can pay as easily as they do other bills.” “Many studies…
Read More5 Big Hospital CFO Concerns for 2015
Are These Still the 5 Big Hospital CFO Concerns for 2015? According to an article by Rene Letourneau, for HealthLeaders Media, December 1, 2014, where he interviewed a number of CFOs, there are 5 Big Hospital CFO Concerns for 2015. Now almost in the middle of 2015, do you agree with his prognostications? Declining Utilization…
Read MoreHFMA TXGC Newsletter Features Nearterm Principal
Nearterm is honored to have our Jim Matthews featured in the HFMA TXGC’s April-May-June Newsletter entitled The Top 15 Influential People in the Healthcare Financial Management Association of the Texas Gulf Coast Chapter. “We invite you to read in this newsletter the most influential people of Healthcare Financial Management Association Texas Gulf Coast Chapter ….How they…
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