Medical Billing

Unfortunately, a diagnosis of a terminal illness often comes with many expenses. If you need money to pay for your medical care or comfort, you may be able to use your life insurance policy to get some immediate cash. Viatical   Settlements : Allows terminally ill individual to sell their life insurance policies. Alternatively, some insurance companies allow you to receive an accelerated death benefit. A viatical settlement is similar to life settlement, but it is designed for individuals that are terminally ill. You sell your policy to a company, which then collects the death benefit when you die. Most companies required that you have owned your policy for at least two years, your beneficiaries sign release or waiver, you have a life expectancy of anywhere from two to four years ( depending on the company), and you allow the company access to your medical records. A company will usually pay more than the cash surrender value, but less than the death benefit, although the

What is Carecredit: Carecredit is a trusted source and it is a part of GE Capital and it offers healthcare financing for consumers through a network of over 175,000 providers. Founded in 1987, CareCredit was initially offered to doctors to help their patients pay for new dental implant technology. Continued advancements in technology, and procedures that are often not covered or fully covered by insurance, have created new choices for care, increasing the demand for special financing options. CareCredit is a health, beauty, and wellness credit card that can be used as a payment option for certain expenses not covered by insurance or to bridge situations when desired care exceeds insurance coverage. You can even use it for co-payments and deductibles Many patients may post pond or just stop their treatment since their insurance will not cover those services or they cannot afford to pay for the treatment. Carecredit offering a better way to manage and improve personal and family h

According to Novitas On April 1, 2014, President Obama signed into law the Protecting Access to Medicare Act of 2014. This new law prevents a scheduled payment reduction for physicians and other practitioners who treat Medicare patients from taking effect on April 1, 2014. This new law maintains the 0.5 percent update for such services that applied from January 1, 2014 through March 31, 2014 for the period April 1, 2014 through December 31, 2014. It also provides a zero percent update to the 2015 Medicare Physician Fee Schedule (MPFS) through March 31, 2015.   Section 101 – Physician Payment Update – As indicated above, the new law provides for a 0.5 percent update for claims with dates of service on or after January 1, 2014, through December 31, 2014. It also provides a zero percent update to the 2015 Medicare Physician Fee Schedule (MPFS) through March 31, 2015. CMS is currently revising the 2014 MPFS to reflect the new law’s requirements as well as technical corrections

G0248 - DEMONSTRATION, PRIOR TO INITIATION OF HOME INR MONITORING, FOR PATIENT WITH EITHER MECHANICAL HEART VALVE(S), CHRONIC ATRIAL FIBRILLATION, OR VENOUS THROMBOEMBOLISM WHO MEETS MEDICARE COVERAGE CRITERIA, UNDER THE DIRECTION OF A PHYSICIAN; INCLUDES: FACE-TO-FACE DEMONSTRATION OF USE AND CARE OF THE INR MONITOR, OBTAINING AT LEAST ONE BLOOD SAMPLE, PROVISION OF INSTRUCTIONS FOR REPORTING HOME INR TEST RESULTS, AND DOCUMENTATION OF PATIENTS ABILITY TO PERFORM TESTING AND REPORT RESULTS G0249 - PROVISION OF TEST MATERIALS AND EQUIPMENT FOR HOME INR MONITORING OF PATIENT WITH EITHER MECHANICAL HEART VALVE(S), CHRONIC ATRIAL FIBRILLATION, OR VENOUS THROMBOEMBOLISM WHO MEETS MEDICARE COVERAGE CRITERIA; INCLUDES: PROVISION OF MATERIALS FOR USE IN THE HOME AND REPORTING OF TEST RESULTS TO PHYSICIAN; TESTING NOT OCCURRING MORE FREQUENTLY THAN ONCE A WEEK; TESTING MATERIALS, BILLING UNITS OF SERVICE INCLUDE 4 TESTS G0250 - PHYSICIAN REVIEW, INTERPRETATION, AND PATIENT MANAGEM

On March 31 st 2014, the US senate passed a bill to delay the planned ICD 10 by one year, ICD 10 will not be implemented until October 1 st 2015. The bill H.R. 4302, Protecting Access to Medicare Act of 2014, which was mainly created a temporary fix to the Medicare sustainable growth rate. A seven line section of the bill states that the Department of Health and Human Services (HHS) cannot adopt the ICD-10 code set as the standard until at least October 1 st 2015. Big news coming in for health care industry because from Physicians, Physician Staff, Insurance and Clearing housing had been preparing for ICD-10 code set. Now it’s not on October 1 st 2014 as per above rule it will delay for another year. Another way it’s good for all physicians, staff, insurance and clearing houses got another 365 days time period to prepare for ICD-10.