Eric Lockett, Audit Senior I

Recent Posts

Compensating providers for the value of their work

Posted by Eric Lockett, Audit Senior I on Jul 13, 2016

It’s hard to miss news reports discussing the shift in the basis for provider reimbursements from “volume” to “value.” Public (Medicare and Medicaid) and private payers are promoting value-based payment methodologies for physicians and hospitals — including “meaningful use,” “pay-for-performance,” “Accountable Care Organizations,” and “patient-centered medical homes.” So, what does value mean in your practice?

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Topics: Accounting Tips, Healthcare

The Ins and Outs of a Winning Billing and Collection Process

Posted by Eric Lockett, Audit Senior I on Jun 14, 2016

Claim denials can be a major source of frustration for physicians and their practice managers, and can have a real impact on cash flow and the financial performance of a practice. If office procedures are good in gathering correct information and submitting clean claims, you can still expect to see at least 5% of denials for claims. So, how can you conquer the issue?

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Topics: Healthcare