Genesis Chiropractic Software Webinar Teaches Three Key Practice Compliance Skills
Industry leaders unveil tested strategies in chiropractic practice management software to increase office compliance and save practice owners time and money in this short new webinar. Genesis Chiropractic’s new short webinar reveals three most effective methods to increase compliance in the office, thus saving chiropractors time and money. The webinar is available online, and can be watched or listened to on a computer here at any time. “Ninety healthcare providers were charged with compliance violations reaching $260 million in billing in May 2014. A growing number of practices are subjected to audits and penalties,” says Reuven Lirov, Chief Practice Growth Officer at Vericle. “Chiropractic practice owners too struggle to maintain compliant practices against a tangled web of regulations from insurance companies, the government, Medicare, and Medicaid.” Each of those unbilled visits would be marked as a “fail” in the audit, with a resulting penalty of $10,000 per line item. According to Lirov, mistakes and oversights in the office are a regular occurrence in most healthcare practices. “Chiropractic office practice managers face difficult problems posed by compliance issues such as the increased risk of audit failure, growing compliance complexity, and lack of time to learn and implement new procedures based upon new rules,” says Lirov. Lack of compliance is a serious issue that can lead to substantial loss of revenue and fines. For example, a chiropractic office might see 100 patients a day, or approximately 25,000 patients a year. Suppose just 0.4% of those visits (100 visits) are undocumented. Each of those unbilled visits would be marked as a “fail” in the audit, with a resulting penalty of $10,000 per line item — or $1 million in audit penalties. “Better compliance liberates chiropractic practice owners from worrying about fines and audits, and lets them get back to treating patients,” says Lirov. “Chiropractic practice management software helps practice owners stay compliant and grow. Our average clients have seen substantial growth in their practices including an average revenue growth of 186% and patient growth of 141%.” [vc_video title=”Dr. Greg Loman D.C. talks about compliance.” link=”https://youtu.be/i0slFN2U1GA”] “We’re in a compliance era in which we must really become compliant,” says Dr. Greg Loman D.C., an accomplished physician, a high volume practice owner, and a co-founder of Maximized Living. “In my opinion it is just necessary that you use Genesis Chiropractic Software by Billing Precision not just a for compliance but for just how amazing their product is.” Continuously increasing compliance requirements and lack of time do not excuse chiropractic practice owner during a practice audit. This short thirty minute webinar teaches the three most important practice management skills to save a chiropractic office and avoid audit failure penalties. The webinar includes a demonstration of Genesis chiropractic practice management software. It contains automated features to discover the most frequent documentation errors that lead to compliance issues, such as undocumented visits, unsigned notes, and late billing. The software is also browser-based, so it can be changed as the law changes without inconveniencing the practice owner. Click here to sign up for the free webinar and find out more information. About Genesis Chiropractic Software and Billing Precision, LLC Genesis Chiropractic Software by Billing Precision, LLC was designed by chiropractic business owners with both patient relationship management and practice profitability in mind. Genesis software provides a complete chiropractic practice management system that supports every role in a busy chiropractic practice, from the owner and practitioners to the front desk and back office. It automates the vast majority of standard tasks, including patient relationship management, revenue cycle management, compliance and office management. Its exclusive workflow functionality continuously improves productivity, control and predictability, fostering teamwork and time savings, which leads to greater profitability and practice growth. Visit https://genesischiropracticsoftware.com for more information.
Chiropractic Software Return on Investment
What’s Your ROI? Chiropractic Software Return on Investment with us is high in several categories. Getting down to the business of running a practice Can Dr. Ben’s practice get a handle on using ROI for business decisions? “ROI?” Carmen repeated. “Return on Investment is simple. How much are you investing, and what kind of return are you getting?” “But what’s the answer supposed to be?” Ben asked. “Are we going for 100%?” “It really doesn’t work that way.” Carmen frowned. “I know you went to chiropractic college, not business school, but still — didn’t you talk about this in practice management class or something?” “I never had a practice management class. I’m not sure that’s even a thing. And do you think you could help me with this without the condescension?” Carmen gave her husband a hug. “I don’t mean to be condescending. It’s just that this is a pretty basic concept. It’s hard for me to believe that you’ve never thought about it in your practice.” “Maybe it’s not as simple in a medical practice as it is in a pizza parlor,” suggested Ben. “Now who’s being condescending?” Carmen settled a pillow behind her back. “I don’t mean it that way,” protested Ben. “Listen, you know how much every pizza is going to bring in, right? They have prices. And the cost is predictable, too. You know how much the ingredients cost and you could probably figure out exactly how much a pizza costs and how much money it brings in. It’s not like that for us. We don’t know exactly how much each appointment will bring in or exactly what costs will be associated with a treatment plan, and we’re really not used to thinking in those terms.” “Well, let’s simplify it. You know your expenses, right? Some of those things you pay for are cost centers and some are profit centers. So you pay for electricity because you have to. You don’t get any higher revenue by buying more electricity. But you sell supplements and books at a profit, so buying more of those brings in more revenue, as long as you sell them all.” “Now we’re getting somewhere,” Ben said excitedly. “What about all the things that are somewhere in between? Practice management software, for example. We’ve made some investment there already, but I’m getting push-back from my partners. They see it as a cost that’s avoidable. And their whole concept of ROI is about reducing costs wherever we can.” Carmen shook her head. “That’s crazy. Return on investment is about measuring the return you get on your investment and making more investments on that basis, not on trying to stop making investments that pay off.” “And now we’re back full circle! I don’t think we really understand ROI.” “I’m beginning to believe you,” Carmen agreed. “What are you going to do about that?” Ben sighed. What was he going to do about that? Can Dr. Ben’s practice get a handle on using ROI for business decisions? Disclaimer: For HIPAA compliance, all characters appearing in this post are fictitious. Any resemblance to actual persons or actual events is purely coincidental.
Time to Worry? | ONC Certified Chiropractic Documentation
Can Genesis take away Dr. Ben’s worries? By Dr. Brian Capra “You could have called me!” Carmen spoke from the foot of the stairs. “I’m sorry, sweetheart,” said Dr. Ben, dropping his keys into the bowl on their hall table and closing the door behind him, “but things got away from me at work. Where’s our little guy?” “In bed,” Carmen said pointedly. “After he and I gave up on you and ate the dried-out, overcooked dinner that sat in the oven for an extra half-hour while we waited, I bathed him and read his story and put him to bed.” “I didn’t realize it was so late,” Ben protested. “I guess not. And you weren’t answering your phone–” “I was talking on my phone, and the office phone–” “Oh, I know about the office phone. I heard the message several times. It says what to do in case of a medical emergency, but not in case of worrying because you don’t show up for dinner and I don’t know where you are.” “I’m sorry,” Ben sighed. “Is there any dinner left?” “You mean the overcooked, dried-out dinner? Sure. Let me get you some.” Carmen stalked into the kitchen. Ben followed her. “I’m sorry I didn’t call and I’m sorry you were worried, but could we put that aside for a moment? I was actually looking forward to telling you that I think I found a solution for the ONC certification issue.” Carmen gave Ben a sidelong look. She fixed a plate and put it into the microwave. “Okay, tell me,” she said. “First of all, IRS code 179 allows me to deduct the entire cost of the software for this change. I haven’t hit $500,000 in deductions yet, so I can basically let Uncle Sam chip in on any added software costs.” “That’s great news!” Carmen set the plate in front of Ben and slid into the chair next to his. “Plus,” Ben continued, taking a bite, “since I’m already using Genesis software, which is certified, I’m not looking at starting over. They sent me an eBook that goes into detail on what I need to do.” “No more research?” Carmen asked, thinking of the time Ben had been spending searching for answers to all his questions about meaningful use certification. “None. They can help me identify the objectives I’ve already met or can meet quickly, so I can put my time and energy into working hard on the ones that need hard work.” “That sounds good.” Carmen was silent, watching Ben eat. “Better than that dinner.” “Dinner’s fine,” Ben assured her. “Dinner’s always great when you fix it. And I appreciate your ability to be happy for me even when you’re mad at me.” “I know this is a big deal for you,” Carmen acknowledged, “but you know you’re a big deal for me, and I was worried.” “And worry quickly becomes anger when you realize you’ve put in all that worrying time for nothing,” Ben laughed. “I’m not angry about the solution to my electronic health records issues, though, let me tell you. Just relieved. There’s still plenty of work to be done, but no more worrying.” Can Genesis take away Dr. Ben’s worries? Disclaimer: For HIPAA compliance, all characters appearing in this post are fictitious. Any resemblance to actual persons or actual events is purely coincidental.
ICD-10 Strikes Back
Believe it or not, there is a method to the madness of ICD-10. The system was developed by the World Health Organization (WHO) as a means of standardizing the categorization of diseases, signs and symptoms, abnormal findings, complaints, social circumstances, and external causes of injury or diseases. Officially known as the International Statistical Classification of Diseases and Related Health Problems, ICD is the standard international diagnostic tool for epidemiology, health management and clinical purposes. This system is designed to map health conditions to corresponding generic categories together with specific variations, assigning for these a designated code, up to six characters long. Thus, major categories are designed to include a set of similar diseases. ICD-6, adopted in 1949, was the first version of ICD that was deemed suitable for morbidity reporting. The combined code section for injuries and their associated accidents was split into two: a chapter for injuries, and a chapter for their external causes. With use for morbidity there was a need for coding mental conditions, and for the first time a section on mental disorders was added. Work on ICD-10 — the tenth revision of the system — began in 1983. It was officially copyrighted by WHO in 1990, though it wasn’t actually completed until 1992. It was then adopted relatively quickly by many countries of the world, starting with Australia in 1998. Today, ICD-10 is the most widely used statistical classification system for diseases in the world. For numerous reasons, but particularly due to the special interest groups that affect policy, the United States wasn’t able to get on board until August 2008. At that time, the Department of Health and Human Services proposed that ICD-10 be adopted in America — a move that was formalized in January 2009, establishing ICD-10 as the new national coding standard, with an implementation date of October 1, 2013. And if the prospect of changing over to ICD-10 wasn’t imposing enough, ICD-11 is “scheduled” to become the new standard in 2017 — though with the numerous delays in getting ICD-10 onto the books, it’s likely that ICD-11 will be pushed back for at least a few years.
