Year-end message from Nitin Rai, president and CEO of First Insight Corporation

First Insight Corporation 2017 successes and partnerships
We’re guided by a history of listening, observing, testing, growing and always moving forward.

For nearly 24 years, our promise to customers is to always demonstrate a genuine concern for and interest in their optometry and ophthalmology business at every touch point—troubleshooting their problems and soliciting input for new solutions. 

The perfect EHR formula: customizable software, expert training and reliable customer support

optometry EHR and practice management software
Dr. Lebovitz chose MaximEyes EHR to support long-term goals: growth, profitability, efficiency and stability

When Dr. Lowell Lebovitz began looking for an optometry software program for his practice, he chose an EHR and practice management system that would support long-term goals of continued growth, profitability, efficiency and stability. He needed a system that would improve business efficiencies, so he could spend less time on paperwork and more time with patients. 

Tax Tip: Start the new year off by saving thousands of dollars with Section 179

Take advantage of Section 179 for computer software and equipment purchases
Use Section 179 deduction for computer software and equipment purchases

Are you planning to purchase or lease optometry or ophthalmology EHR and practice management software, business equipment and machinery, or office furniture for your practice this year? Don’t forget to take advantage of Section 179, which has a deduction limit of $510,000 for “qualifying” equipment and computer software that was purchased and put into use between January 1 and December 31, 2017. 

How can end-to-end revenue cycle management help you grow top-line revenue?

medical billing and coding
Fast Pay Health takes care of the billing hassle to maintain consistent cash flow and improve turnaround time on claims.

In an era of declining reimbursements, high-deductible health plans, and constant industry challenges, profit margins are tighter than ever for most medical practices. Medical providers should be able to focus on patient care — instead of paperwork and payments. That’s why having end-to-end revenue cycle management (RCM) processes in place are important to running a successful practice, so your revenue doesn’t slip through the cracks.

First Insight earns 2017 Learning! 100 award for achieving excellence for personalized customer training

Learning! 100
First Insight is honored sixth year in a row for personalized customer training

We’re excited to announce that First Insight Corporation was honored for the sixth year in a row by Elearning! Media Group as a “2017 Learning! 100 award winner” for achieving excellence in the “Performance” category for our personalized customer training.

CMS opens Quality Payment Program hardship exception for reweighting ACI category

MaximEyes EHR Quality Measures Report and Quality Points Calculator
MaximEyes EHR MIPS Quality Measures Report and Quality Points Calculator

The Centers for Medicare & Medicaid (CMS) released the Quality Payment Program (QPP) hardship exception application for the 2017 transition year for eligible clinicians (ECs). This exception may qualify an EC for reweighting their Advancing Care Information (ACI) category to 0% and reallocating the 25% to the Quality category.

CMS opens hardship exception for new participants transitioning to MIPS 2017

MaximEyes EHR MIPS ACI Measures Report and Points Calculator
MaximEyes EHR MIPS Advancing Care Information (ACI) Measures Report and Points Calculator

Eligible professionals (EPs) who have never attested to the EHR Incentive Program, but intend to demonstrate meaningful use (prior to 10/1/17) and Merit-Based Incentive Program System (MIPS) in 2017, may be eligible for a one-time significant hardship exception per the Centers for Medicare & Medicaid (CMS).

EPs who are eligible for this hardship exception will avoid the 2018 payment adjustment and will only need to demonstrate MIPS for 2017. You must apply by 10/1/17.

2018 ICD-10-CM eye-specific code changes: what’s new, revised and deleted

MaximEyes EHR
MaximEyes embedded ICD-10 tool automatically leads you to correct codes

The Centers for Medicare & Medicaid Services (CMS) and the National Center for Health Statistics (NCHS) will be making minor ICD-10-CM code changes to 90 eye-specific codes that become effective October 1, 2017. There are 57 new codes, 25 revised codes and 8 deleted codes for patient encounters occurring from October 1, 2017 forward.

Meaningful Use: How to document your attestation and prepare for an audit

MaximEyes EHR simplifies incentive program compliance with embedded tools
MaximEyes EHR simplifies incentive program compliance with embedded calculators & reports

In the past few months, the Centers for Medicare and Medicaid Services (CMS) have been increasing the number of audits for providers who received EHR incentives, to ensure providers met meaningful use requirements. CMS will conduct two types of audits: post-payment and pre-payment.

11 tips that will make your medical claims cleaner and improve cash flow

How to make medical claims cleaner and improve cash flow
How to make your medical claims cleaner

Researching unpaid or denied claims is a time-consuming and frustrating process. On average, more than 25% of lost practice revenue comes from poor medical billing and revenue cycle management practices. According to the Medical Group Management Association (MGMA), the average cost of reworking a claim is $25 to $30.