RBRVS_AR I The accounts receivable (AR) of a medical practice holds the key to success or failure of the practice. It is the competitive edge when recruiting and the buffer for slow times. Losing Control of the AR, risks practice value erosion. There are several ways to measure practice AR performance, including "days in AR" as the most popular. These parameters will not be part of this discussion, though if desired; a discussion of AR performance is feasible.
This discussion will focus on AR automation and RBRVS. AR automation requires a discussion of electronic media claims (EMC) and electronic media remittance (EMR) - NOT to be confused with electronic medical records. While EMC has little benefit for small to medium sized practices, if does have a marked benefit to the payer and some reward, such as prompt payment, is often promised for those with EMC. EMR on the other hand carries an enormous benefit to the small or medium practice and even greater benefit to larger practices. A well designed EMR eliminates 80% of the work and virtually 100% of the errors in posting payments. Serious benefits may accrue to practices with a well designed EMR. For purposes of the discussion an "integrated medical application" is an application in which the medical record and billing component, including registration, posting charges, payments and billing are all included in one product without element duplication in another database. While programming for an effective medical record is remarkably challenging, the programming of a practice management product is relatively easy. Thus the medical practice management software matured at least 20 years ahead of the medical record products. To the best of my knowledge, not much new has happened to the medical practice management systems in the past 15 years. On the other hand, the medical record has experienced enormous growth and remains in its infancy. This is the state of affairs as we approach the structure of AR, medical practice management, and a FileMan based integrated medical application - the subject of the next installment. ------------------------------------------------------- SF email is sponsored by - The IT Product Guide Read honest & candid reviews on hundreds of IT Products from real users. Discover which products truly live up to the hype. Start reading now. http://ads.osdn.com/?ad_id=6595&alloc_id=14396&op=click _______________________________________________ Hardhats-members mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/hardhats-members
