Cash Pay Service Reminders
Ask your patients if they have a cafeteria plan at work. Money has to be spent by the end of the year! Keep track and start sending out cash pay service reminders mid October.nnStay tuned for more Todd’s Tips!nn
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About R. Todd Welter • MS, CPCnFounder and President of Welter Healthcare Partners
nMr. Welter has over 25 years of healthcare industry experience assisting physicians and other providers, hospitals and other facilities with the business side of medicine. Through strategic planning and analysis, Mr. Welter’s main focus is to strategically increase revenues and profitability in this radically changing health care environment. Mr. Welter has a Masters Degree in Organizational Leadership from Regis University in Denver where he has had an appointment as affiliate faculty in the School for Professional Studies for over ten years. In addition, Mr. Welter holds a faculty appointment at the University of Denver’s University College. In the Health Care Leadership program he teaches Macro Economics in Health Care and Innovative Strategies and Change in Health Care to graduate students.
A major problem we have in health care today is transparency.n
F32.0 — Major depressive disorder, single episode, mildnF33.1 — Seasonal depressive disorder, recurrent, moderatenF43.21 — Adjustment disorder with depressed moodnnIn preparation for the upcoming deadline for ICD-10 implementation, Welter Healthcare Partners presents weekly ICD-10 Codes of the Week! Our goal is to familiarize you with the new and expanded code set and the additional clinical documentation needed from your providers to comply with ICD-10 coding, and more importantly, for accurate and clean claims submission to keep your revenue stream flowing! We are to help YOU prepare for the October 1, 2015 implementation date. Please don’t hesitate to 
The E/M Coding Calculator is a resource designed to assist providers with appropriate code selection for evaluation and management services. This tool is a simplified version of the Novitas auditor’s instructions, and can be used as a guide to understand the evaluation and management coding and documentation guidelines.nnPage One includes a snapshot of the levels of service used in the outpatient care setting and their documentation requirements. Page One also includes time thresholds for each level of E/M service, and the specific documentation requirements for time-based billing.nnPage Two includes the formula for calculating history, exam, and medical-decision-making along with a table outlining the differences between body areas and organ systems, which is particularly important when calculating physical exam.nn nn nn
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Ask your patients if they have an HSA (Health Savings Account)! They will appreciate your inquiry. Keep track of those patients and run HSA specials! Have HSA specials on cash pay services at slow volume times.nnA health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit. Unlike a flexible spending account (FSA), funds roll over and accumulate year to year if not spent. HSAs are owned by the individual, which differentiates them from company-owned Health Reimbursement Arrangements (HRA) that are an alternate tax-deductible source of funds paired with either HDHPs or standard health plans. HSA funds may currently be used to pay for qualified medical expenses at any time without federal tax liability or penalty.nnStay tuned for more Todd’s Tips!nn
R00.2 — PalpitationsnR00.0 — Rapid heart beatnI48.0 — Paroxysmal atrial fibrillationnI48.4 — Atypical atrial flutternnIn preparation for the upcoming deadline for ICD-10 implementation, Welter Healthcare Partners presents weekly ICD-10 Codes of the Week! Our goal is to familiarize you with the new and expanded code set and the additional clinical documentation needed from your providers to comply with ICD-10 coding, and more importantly, for accurate and clean claims submission to keep your revenue stream flowing! We are to help YOU prepare for the October 1, 2015 implementation date. Please don’t hesitate to