October 7th 2024
"Remember that whether or not it's your first time down the aisle, marriage is a celebration. Don't let all the financial and administrative details that go along with your special day spoil it," writes Jeff Witz, CFP.
September 27th 2024
Buying used medical equipment: Does it make sense?
October 1st 2005Two significant trends are having an impact on most urology practices today. First, most practices, including my own, are experiencing a decrease in reimbursement and rising overhead expenses. This ultimately translates to a decrease in net income.
Adoption rate for electronic health records is low
September 19th 2005Only 14% of all medical group practices use an electronic health record (EHR), according to a study by the Medical Group Management Association Center for Research and the University of Minnesota School of Public Health, Minneapolis.
Is your practice ready to hire an IT technician?
June 1st 2005Nearly every practice is increasing the use of technology to improve office efficiency, enhance reimbursement, and increase patient satisfaction. Nearly every practice has or is considering implementing an electronic medical record, creating a robust interactive web site, networking their computers, and using electronic claims submission and a claims scrubber to ensure that claims are processed more quickly to increase your practice's cash flow.
ASC rule retains coverage for three urologic procedures
June 1st 2005Washington--Federal officials, after considering arguments and concerns presented by urologists and others, have decided to continue coverage for nearly 100 procedures performed in ambulatory surgical centers, including three urologic procedures, instead of removing them from the approved list as had been previously proposed.
Biofeedback physical therapy improves CPPS symptoms
May 1st 2005Istanbul, Turkey--Biofeedback physical therapy and pelvic floor re-education appear to offer symptomatic improvement in men with chronic pelvic pain syndrome type III, Dutch researchers say. The techniques appear to work by improving relaxation and demonstrating proper use of pelvic floor muscles.
FAQs about in-office injections: What you need to know
March 1st 2005A number of questions still surround coding and reimbursement for in-office drug injections. As a result, this article will take a slightly different approach, using a "frequently asked questions" format. I?ll repeat the questions I?ve been asked about the new drug payments at seminars and via phone and e-mail, and attempt to give you straight answers to the best of my understanding.
New Senate boosts hope for medical liability reform
February 1st 2005Washington--There's an outside chance that urologists tired of fighting for medical liability reform in efforts to reduce their insurance rates could end up benefiting from the work of a surgeon who became a politician and is determined to get some federal judges confirmed by Congress.
It's crunch time: Tips to make up for lost dollars
January 1st 2005The year 2005 will portend a significant decrease in income for nearly every American urologist. Most will be impacted by Medicare's slashing the reimbursement for LHRH agonists and certain other drugs administered in the office. Solo practitioners can anticipate annual losses of income in the thousands of dollars, and larger group practices can expect over a $1 million shortfall this year.
Medicare revenue for urologists will drop 14% in 2005
December 1st 2004Washington--The Centers for Medicare & Medicaid Services has published its final rule implementing the 2005 Medicare fee schedule, and it's not good news for urologists-especially those who administer cancer drugs in their offices.
Reimbursement up for urology E&M services, down for surgical procedures
November 11th 2004Reimbursement for urologic evaluation and management services increased by one-half since 1995, while surgical reimbursement rates have decreased by about one-third, according to a study in the November Journal of Urology (2004; 172:1958-62).