When Dr. Lowell Lebovitz began looking for optometry EHR software for his practice, he chose an eye care EHR and practice management system that would support long-term goals of continued growth, profitability, efficiency, and stability. He needed an EHR system that would improve business efficiencies, so he could spend less time on paperwork and more time with patients.
Don't forget about Section 179 if you are 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. Take advantage of the $510,000 tax deduction limit for "qualifying" equipment and computer software that was purchased and put into use between January 1 and December 31, 2017.
In an era of declining reimbursements, high-deductible health plans, and constant industry challenges, profit margins are tighter than ever for most optometry and ophthalmology practices. Healthcare professionals should be able to focus on patient care—instead of medical billing paperwork and payments.
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.
Learning! 100 applicants are evaluated across three criteria: Collaborative Strategies' Collaboration Index, Darden School's Learning Culture Index, and overall organizational performance.
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.
Eligible professionals (EPs) who have never attested to the EHR Incentive Program, but intend to demonstrate meaningful use (prior to 10/1/17) and MIPS in program year 2017, may be eligible for a one-time significant hardship exception per the Centers for Medicare & Medicaid (CMS).
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.
In the past few months, the Centers for Medicare and Medicaid Services (CMS) have been increasing the number of meaningful use audits for providers who received EHR incentives, to ensure providers met requirements. CMS will conduct two types of meaningful use audits: post-payment and pre-payment.
Researching unpaid or denied eye care claims is a time-consuming and frustrating process for optometry and ophthalmology practices. 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.
Keeping your patients engaged in their healthcare and using a patient portal is a critical part of running a successful optometry and ophthalmology practice. If you want to remain competitive and keep up with the younger generation, it’s important to offer easier ways to interact with your patients 24/7.