Hayes' Healthcare Blog

Are you reconciling inventory with patient accounting?

Posted by Stephanie Buck on May 21, 2012 at 7:30 AM

By Paul Fox
How can you make sure that the inventory ordered for provider encounters (DME, hearing aids, CPAP machines, ER trays, etc) are being accounted for on the patient’s bill? If you are not reconciling inventory with patient accounting, you are losing potential revenue.

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Topics: billing, inventory system, patient accounting, billing compliance

Defensive Billing is a Lost Revenue Opportunity

Posted by Wendy Loveland on May 7, 2012 at 7:00 AM

By Pete Butler
I was playing golf with a physician recently and we started talking about coding.  He described his approach. He said he rarely chooses a level 4 or 5 office visit. Instead, he sticks to the “middle of the road” coding at level 3. I asked if that was because he was concerned about being flagged for a federal audit. He replied, “No, I just want to keep the internal billing compliance auditors off my doorstep!” Needless to say, I shanked my ball on the drive!

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Topics: healthcare billing compliance, undercoding, physician compensation, billing compliance audit, mdaudit

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