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Understanding the Importance of Medicare Provider Enrollment
Summary Running a successful anesthesia or chronic pain practice is like a juggler who has added one too many balls to his routine. If you don’t promptly address each clinical or business imperative that arises, utter failure may ensue. One of these imperatives involves Medicare provider enrollment. This is one ball you can’t afford to […]
The Significance of Customer Service in Anesthesia
Summary There is a tendency in anesthesia to think that all that matters is consistently good outcomes. Nothing could be further from the truth. Customer service is now the key to maintaining a strong and successful relationship with administration. As anesthesia practices evolve and diversify, it becomes increasingly difficult to maintain a consistent level of […]
Presurgical Clinics: A Growing Strategy for Anesthesia Practices
Summary Over the years, we have seen a group here or there showing interest in adding a presurgical testing clinic to their array of services. But an analysis of the risk-reward dynamic is essential before proceeding into such a venture. Last week, we brought you an alert on certain strategies being used by anesthesia groups […]
Anesthesia Revenue Opportunities
Summary It takes a certain level of financial resources and other inducements to attract and retain quality anesthesia providers. Because of these pressures on a practice, many have looked for ways to enhance their groups’ revenue streams. Today’s article explores these other revenue opportunities. By far, the greatest challenge facing most anesthesia practices today is […]
No Surprises Act Update: HHS on the Losing Side Again
Summary The back-and-forth battle between the Texas Medical Association and the federal government over the implementation of the No Surprises Act has led to yet another court decision against the government. The result is a dramatic drop in the independent dispute resolution fee amount—at least for now. You know you’re having a bad day when […]
Understanding the Value of a Strong Collection Agency for Anesthesia Practices
Summary There is a distinct difference in the approach and functions of a billing company and that of a collection agency. Anesthesia practices need to know the difference, in order to set appropriate expectations for each. Many anesthesia groups often wonder why it is difficult for billing companies to collect on patient balances. It […]
2024 PFS Proposed Rule: Implications for Chronic Pain Providers
Summary The 2024 PFS proposed rule contains stipulations that will affect chronic pain practitioners, if finalized. Provisions involving E/M services, telehealth and discarded drugs are specifically highlighted in today’s alert. Like every year, the Centers for Medicare and Medicaid Services (CMS) generates new proposals that will affect the practices of medical professionals throughout the country. […]
Appreciating the Complexity of Anesthesia Billing
Summary Anesthesia is not your average bear from the billing perspective. Unlike most other specialties, complex rules have been put into place to account for the appropriate coding and payment of anesthesia claims. Due to the complexity of this process, it pays to outsource the billing component to an experienced team of revenue cycle management […]