Always looking to improve the experience Medicare patients have, CMS has launched their Home Health Compare program. "Home Health Compare is the agency’s public information website that provides information on how well Medicare-certified agencies provide care to their patients. The HHCAHPS Survey star ratings report patients’ experiences of care ranging from one star to five stars using data from patients..." [ Read more here ]
Centers for Medicare and Medicaid Services is hoping to save the pockets of taxpayers by employing a new rule to the Affordable Care Act. "The Affordable Care Act substantially reformed Medicaid payments for prescription drugs, increasing rebates and setting limits on federal reimbursements. The “Covered Outpatient Drugs” final rule ensures those reforms will be effectively implemented by providing further detail on how those reimbursements and rebates are calculated, part of CMS’ broader efforts to help ensure affordability and accessibility of prescription drugs, while supporting pharmaceutical innovation..." [ Read more here ]
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The global medical equipment rental market is said to be looking at a projected increase from $33,417.4 million posted in 2013, to $49,112.8 million by 2020. "A recent market report published by Transparency Market Research based on the global medical equipment rental market forecasts that the industry is expected to reach US$49,112.8 million in 2020, expanding at a CAGR of 5.8% during the forecast period from 2014 to 2020..." [ Read the story here ]
"The home health care market is rapidly changing. The Affordable Care Act and competitive bidding have brought new regulatory challenges to the HME/DME marketplace. The pressure to compete has driven many small dealers out of business—and driven others to the top of their game through focusing on cash sales..." [ Read the story here ] Are you looking for help navigating the ever changing health care market? Noble House's - Noble*Direct medical billing software can save you time and money, streamlining your business.
Centers for Medicare and Medicaid Services (CMS) has announced that about 10% of ICD-10 codes submitted are rejected, but only a fraction is due to coding mistakes. "Invalid ICD-10 codes were the basis for rejecting .09 percent of claims, and .17 percent of total claims submitted based on end-to-end testing..." [ Read the story here ]
In the government's attempt at transparency, Centers for Medicare and Medicaid Services (CMS) has posted its data from Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS). The information comes from 385,000 physicians and healthcare providers and includes utilization, payment, and submitted charges. [ Read the story and view the report here ]
After delays and worries, ICD-10 is finally here! Are you ready to tackle the new codes and procedures? Noble House's - Noble*Direct software can help you navigate your way from ICD-9 to ICD-10, try our free demo today!
With the upcoming ICD-10 switch from ICD-9, some have worried that a potential government shutdown in the United States would once again still our upgrade to the ICD-10 coding system. Thursday, CMS officials announced that the ICD-10 switch would continue regardless of a potential government shutdown. CMS's Patrick Conway stated, "In the event of a shutdown, we will continue -- and I want to be clear on this -- to pay claims, to implement the ICD-10 transition." [Read the story here ]