It’s hard to believe that 2022 is literally right around the corner. As you look ahead to the New Year, what are your compliance goals, and what steps can you take to ensure revenue integrity? Now is the perfect time to set expectations with a renewed focus on documentation and coding accuracy. Physician Practice Resources can help.
This month, we’ve compiled five news stories to help providers stay abreast of industry developments. As we look ahead, what are your concerns, and how can Physician Practice Resources help? Email us at email@example.com. Most importantly, stay safe out there. And have a wonderful holiday!
No Surprises Act: Are you ready to comply by January 1, 2022?
The No Surprises Act requires providers to give patients advanced notice of out-of-network coverage for insured patients as well as good-faith estimates for uninsured or self-pay patients. CMS has provided several resources that can help providers comply with this mandate, including a template for the comprehensive good faith estimate. Also be sure to view this video from the American Medical Association (AMA) on what providers need to know about the No Surprises Act.
Rural hospital update: Financial and operational challenges persist during COVID-19
As rural hospitals nationwide continue to face decreased reimbursement and staffing shortages, some health experts wonder whether these hospitals are equipped to handle long-haul COVID-19 patients. This article lays out some of the challenges in rural areas: Older, sicker, and poorer populations; lower vaccination rates; and higher rates of those without insurance.
Inspiration for 2022: Read private practice success stories
Medical practices nationwide continue to feel the pressure from COVID-19, and many physicians are looking for inspiration to stay independent. They need look no further than these seven private practice success stories from the AMA. Read about a physician who successfully left a hospital system for independent practice, one who found a stronger work-life balance, and more.
Healthcare disruption: Be aware of CVS Health physician practice acquisitions
As CVS Health seeks to expand its healthcare footprint, physician practices—specifically primary care practices—are a target for acquisition. CVS Health also wants to expand specialty services at its clinics. What might these changes mean in your local market? It’s more important than ever to ensure revenue integrity while also focusing on patient engagement and retention strategies.
Marketing: Update your Google Business profile to take advantage of new tools
Google recently announced a new tool to help people find a doctor that accepts their insurance. What must physicians do to leverage this new tool? Simply claim and update their Google Business profile. By taking this step, physicians can also provide patients with information about languages spoken at the office, hours, services, and more. The goal? Help patients make more informed choices about their health.
Physician Practice Resources, Inc., founded in 2002 and headquartered in Midlothian, IL, is a full-service company that partners with small and large healthcare organizations to build solutions that enhance operational effectiveness, improve clinical documentation, and decrease overall compliance related risks. Contact us at https://www.ppr-corp.com/about-ppr-corp/ for more information.