Medical Reimbursement by VCC Costs Practices Money

Insurance carriers are increasingly resorting to reimbursing medical claims using virtual credit cards (VCCs), but the convenience to healthcare providers is offset by the loss of some of that medical reimbursement to transaction fees.

While being paid via VCC is a more efficient reimbursement than the paper checks of yore, they aren’t legally considered “electronic”

Independent Medical Groups

Independent Medical Groups Generated a Profit, While Health System-Affiliated Medical Groups Suffered a Loss In 2019

According to a survey released by the American Medical Group Association (AMGA) on Dec. 22, in 2019 independent medical groups generated a profit, while health system-affiliated medical groups suffered a loss. 

The press release the AMGA published states: “AMGA’S newly released 2020 Medical Group Operations and Finance survey reveals that although most groups saw improved financial performance in 2019,

COVID Billing and testing assistance

Microwize Announces a COVID-19 Billing & Scheduling Service for Practices Overrun by Covid Testing

Microwize Technology, a privately owned company from Paramus, New Jersey, announces a billing and scheduling service to aid practices, labs, and testing centers overrun by COVID testing.

Testing centers and medical practices across the United States are experiencing a heightened volume in both COVID-19 patients and COVID-19 testing. Between patients requesting testing and physicians having to order those tests,

Ransomware Attacks Against Hospitals

Ransomware Attacks Against Hospitals on the Rise

A warning advisory issued by the US Cybersecurity and Infrastructure Security Agency (CISA) on October 28, 2020 notes an increase in attacks on healthcare systems and providers. Co-authored by CISA, the FBI, and the Department of Health and Human Services (HHS), the advisory warns that the three agencies “have credible information of an increased and imminent cybercrime threat to US hospitals and healthcare providers,”

telemedicine

Guidelines for Telemedicine Codes

Note: The following information relates to the provisions of the 1135 waiver during the Coronavirus (COVID-19) Public Health Emergency (PHE) which went into effect on March 6, 2020.

Updated: May 18, 2020

Telemedicine during the COVID-19 emergency

In this article,