Nearterm Blog
Nearterm Managed RCM Project Staffing Services
A billing or coding backlog that challenges your manpower resources can put your cash flow at risk. Nearterm can rapidly deploy a professionally managed team of qualified technicians to eliminate backlogs or to backfill a special HIM or Revenue Cycle project. The team can be dedicated to a specific functional area (e.g. Medical Coding, Medicare…
Read MoreImproving Cash Flow
Check out this great article written by our very own Jim Matthews for the HFMA Gulf Coast Express – February 2016 Newsletter: http://files.ctctcdn.com/d6aa2798201/aedf162e-cc2f-46a7-ab9b-c49a1b0708bc.pdf Improving Cash Flow Cash flow from patient care revenue is one of the CFO’s main concerns in today’s transitioning industry environment. How can hospitals and healthcare provider organizations develop sustainable and growing…
Read MoreUnique Benefits of an Interim RCM Leader
Interim RCM and Financial Healthcare Leaders are typically engaged to fill the gap in key positions until a permanent leader can be found. However, a Nearterm interim management leader is not just a place holder. Our hospital revenue cycle consulting and Financial Leaders have the people skills, organizational expertise and the support of the Nearterm…
Read MoreWhat are 360° Managed Revenue Cycle Services?
Nearterm is a Managed Services Provider of front to back office RCM Services for healthcare organizations: hospitals, clinics and physician practices. We offer a 360 solution from patient access to accounts receivable, including consulting and interim management. By “Managed Services,” we mean exactly that: all our services are professionally managed and measured by a Nearterm…
Read MoreWhat 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…
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