Monthly Archives: June 2016

27 Jun

2016 Medicare Deductibles and Premiums

The Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs. Part B Premiums/Deductibles As the Social Security Administration previously announced, there will be no Social Security cost of living increase for 2016. As a result,

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20 Jun

2016 CPT Code Changes

The 300 new, deleted, revised, and converted CPT codes for 2016 are here and you will need to make sure they are loaded in your billing and EMR system(s) on or before January 1, 2016. This is also a great time to upload the 2016 Medicare allowables for your locality and for any payer contracts

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06 Jun

The Right Way to Do Write-offs

A write-off is an amount that a practice deducts from a charge and does not expect to collect, thereby “writing it off” the accounts receivable or list of monies owed them by payers or patients. There are lots of reasons why write-offs are taken, and it is common practice to divide write-offs into two major

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