tci Medicare Compliance & Reimbursement - 2007 Issue 20

REIMBURSEMENT: October Through December Could Be Your Cash-Losing Months

A half-dozen mistakes per week could spell $25,000 revenue drain.Times are getting tougher for physician practices. Are you leaving money on the table? If you're missing just five minor services per week, that could add up to huge losses, say experts. "Five mistakes a week," says Catherine Brink, president of Healthcare Resource Inc. in Spring Lake, NJ. "Next thing you know, you're losing $25,000 a year." So you need to make sure your staff members are capturing every injection, every drug code, every separately reimburseable supply or minor procedure, and every evaluation & management...

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