November 6th 2024
"If you tapped into your emergency fund for any reason this year, it is important to make sure the account is replenished," writes Jeff Witz, CFP.
September 27th 2024
Spotlight intensifies on cancer drug reimbursement
April 1st 2003Pharmaceutical manufacturers have long been under scrutiny for the methodsthey employ in marketing their products to physicians. Now, increasing concernthat drug makers are winning physician favor by deeply discounting chemotherapymedicines is placing those physicians under the microscopes of federal andstate authorities.
Liability insurance reform keeps six states 'in the blue'
April 1st 2003Only six states in the union have patient populations, physicians, and health care systems that are not suffering some degree of hardship caused by skyrocketing costs of medical liability insurance, according to the American Medical Association.
HIPAA's privacy rule: What urologists need to know
January 1st 2003As most urologists know, new federal standards have been established to ensure the privacy of patients' health information as part of the Health Insurance Portability and Accountability Act (HIPAA) of 1996. In my September 2002 article, I presented limited information on HIPAA and its impact on physicians' practices, including the standards for the electronic transmission of health care transactions and the rules associated with implementation.
Texas reform may not offer immediate relief
December 1st 2002Denison, TX-A non-existent cap on non-economic medical liabilitydamages and the disproportionate number of high jury awards in the country'slargest state have physicians wondering if relief will ever come, even withlegislation in the works.
Philly, Northeast Pa reeling from practice closings
December 1st 2002Philadelphia-The City of Brotherly Love has what many say is theleast friendly climate for physicians when it comes to medical liabilityinsurance. Insurance and reimbursement problems, however, are statewidephenomena in Pennsylvania. In Scranton, located in the northeastern cornerof the state, a seven-urologist group has said it will decide in Januarywhether to close.
One urologist reaches his breaking point; are you next?
September 1st 2002An astounding article in this issue of Urology Times details how oneurologist quit all commercial insurance participation, then "optedout" of Medicare-and is not only surviving, but thriving. Mike Harris, MD, a well-trained, board-certified, respected urologistin Traverse City, MI, said "Enough is enough!" and did somethingabout it. He no longer exists in any private insurance carrier databaseand likewise does not appear anywhere on the Medicare radar screen.
Urologist no longer: Why do some leave the profession?
August 1st 2002Ex-urologists say they wanted to escape reimbursement woes, pursue morefulfilling careersMedicine is a commitment. Pre-med, medical school, internship, residency,and building a reputation in academia or in community practice adds up toa self-imposed promissory note that can take a decade, perhaps two, to payoff. This is why it is unusual when an established physician opts to changecareers.
How to select the right wireless program for your practice
May 1st 2002Technologies are currently available or in development to make use of real-time wireless technology, which can be applied to the office practice of medicine and is affordable to large and small practices. Using wireless technology, physicians can have access to data on their patients anytime and anywhere.
Legislators plan to take aim at 'inflated' drug prices
April 1st 2002System based on average sales price would reduce overpayments, membersof Congress sayWashington-Convinced that physicians are somehow ripping off Medicareby overcharging for prescription drugs, members of Congress are workingto find a solution. The eventual result could be restrictions on drug charges,combined with improvements in reimbursement levels for some cognitive services.
Congress fails to restore Medicare reimbursement cuts
February 1st 2002Patients' rights, regulatory reform, and research funding are still underconsiderationWashington-With a 5.5% decrease in Medicare reimbursement rates now inplace for 2002, urologists and other specialty groups are hoping to convinceCongress to quickly reduce those cuts and act on other issues importantto them, as well.
Consider features, cost when selecting an EMR system
February 1st 2002Make sure vendors have experience with urology practices and are HIPAAcompliantIn the new age of medicine, electronic medical records (EMR) systemswill transform the way you practice. Last month, I discussed the benefitsof EMR and its ability to facilitate many of the goals common to all practices-efficiency,correct coding, Medicare and HIPAA compliance, and improved outcomes. Inthis column, I will discuss how to select an EMR system, including productfeatures, vendor support, and cost.
How to prepare your practice for Stark II compliance
February 1st 2002As of January 4, the final Stark II rules became effective. These federalregulations will have a profound effect on the relationship between urologypractices and the Medicare and Medicaid programs. Their impact extends farbeyond lithotripsy, which has been the primary concern of many urologists,to virtually every aspect of their practices. Practices that have not conformedto the requirements of these new regulations are exposed to financial penaltiesand other severe sanctions.
Electronic records help improve compliance, efficiency
January 1st 2002It's time to add electronic medical records, or EMR, to the list of buzzwordscommon in medical practices today. This new technology, although in itsinfancy, has the opportunity to facilitate many of the goals common to allpractices-efficiency, correct coding, Medicare and HIPAA compliance, andimproved outcomes. We are in a new age of medicine, and EMR technology willtransform the way you practice.
Medical insurance plan targets Medicare and Medicaid billing
November 1st 2001Oak Park, IL-Cunningham Group has launched a new insurance plan thatoffers complete protection to medical practices, hospitals, clinics, andother health care providers that bill Medicare and Medicaid. The new plan,called MediKey, takes the guesswork out of coding and protects medical earningswith special low-cost billing errors and omissions (E&O) insurance availableto those who enroll in the compliance plan. This combined approach enablesproviders to qualify for the E&O insurance at a favorable rate, thecompany says.
Ruling would impact lithotripsy, brachytherapy payments
October 1st 2001Washington-A sweeping new proposed federal regulation dealing with hospital outpatient compensation would change Medicare payments for specific medical procedures and tighten rules governing new technology payments, a move that could adversely affect urologists. The regulation from the Centers for Medicare & Medicaid Services CMS) would apply to services furnished on or after January 1, 2002.