Stay up-to-date on skilled nursing regulations along with tips and tricks to improve your medical billing from the experts at MCA.
Does it feel like your SNF’s aging AR is unmanageable or trending that way? Do you feel like your team is working harder and receiving lower reimbursement? Unfortunately, SNF aging AR collection is not getting any easier. There are changing government guidelines, increased numbers of residents requiring specialized care, and low reimbursement rates. On top […]
The World Health Organization’s (WHO) International Statistical Classification of Diseases and Related Health Problems (ICD) is a globally-recognized diagnostic tool for epidemiology, health management, and clinical purposes. ICD provides a systematic approach to coding, reporting, analysis, interpretation, and comparison of mortality and morbidity data. As of January of this year, the WHO began accepting codes […]
Providing outstanding medical care is at the core of all skilled nursing facilities (SNF) missions. However, providing exceptional care for your patients is just one part of running a SNF. Your revenue cycle management (RCM) also needs to be optimized to provide the high levels of care your patients require. Running an efficient, highly optimized […]
How would your Skilled Nursing Facility (SNF) answer this question? Are you meeting your financial goals? Perhaps you’d rattle off a set of metrics you’re tracking. Or, maybe you’re not sure how to answer this question. Either way, it’s almost impossible to answer with a simple ‘yes’ or ‘no’ to this question. To adequately answer […]
How to better understand the complexities of DME billing Efficiency is the key to success for Skilled Nursing Facilities (SNFs). You’re required to find innovative ways to improve your patient experience while also reducing costs. If you are a DME provider or your facility does Durable Medical Equipment (DME) billing then you already understand the […]
Every facility strives to build a group of high-performing professionals. But, the widespread use of technology and a global pandemic have increased the demand for remote work opportunities. In fact, some estimates believe that more than 60% of American employees have the option to work virtually. And, that number is only growing. But, building a […]
Have you been considering hiring a medical billing company? With so many revenue cycle management vendors, it can be overwhelming to consider moving such an integral part of your facility to another company. But, when you partner with a professional medical billing company you gain access to key revenue cycle skills that will help ensure […]
Each year, studies and surveys show that there is a growing problem with claims denial rates. Like most healthcare organizations, Skilled Nursing Facilities (SNFs) report increasing rates of claims denials. Some report that upward of 15-20% of all their claims are denied. Even SNFs who have detailed plans in place to avoid insurance payment pitfalls […]
Skilled nursing facilities, along with all healthcare practices, rely on the productivity and accuracy of their medical billing team. Traditionally, skilled nursing facilities support their revenue cycle goals by managing an in-house medical billing team. These highly skilled individuals understand how important it is to process claims quickly and efficiently. Knowing that the failure to […]
Annually, the Centers for Medicare and Medicaid Services update regulations to Medicare payment policies for Skilled Nursing Facilities (SNFs). Reviews and updates of the regulations account for patient-care-related payment adjustments, inflation factors, and wage index adjustments. The CMS FY 2022 final rule included updates for Medicare payment policies and rates, SNF quality reporting, and the […]