single payer system vermont

Vermont: State with Single payer system “Single-payer health system” which was passed in May 2011 by the Vermont governor, expects to accumulate savings of 24.3% of total health expenditure between 2015 and 2024, according to Harvard economist William Hsiao. Vermont is to be the first state in USA to implement this system, which will move many state residents into a publicly financed insurance program. Single-payer system: is a healthcare...

Top 4 Challenges in Healthcare Information Exchange (HIE)

Healthcare Information Exchange is the end goal of the recent health reforms in the United States and aims to provide better patient care on a continual basis by multiple organizations. The implementation of HIE not only helps in providing quality care to patients but also assists in reducing costs and errors that arise due to duplicate tests, cost of paperwork, and other manual efforts such as scanning of documents, printing, and traditional...

Professional Revenue Cycle Management Consultancy Services by Medicalbillersandcoders.com

MBC offers expert consultancy services to healthcare providers across the US for strategic, operational, and revenue cycle management, no matter the size of their organization. Viewing the dynamic changes sweeping through the healthcare industry, we have perceived an urgent requirement of professional support and assistance to healthcare providers to adapt to the latest regulations and flux in the healthcare industry. 2012 is the year...

Primary care Physicians to be the most affected by the proposed 30% CMS Cuts on Medicare payment for 2012

The physicians’ proposed fee schedule issued by the Centers for Medicare & Medicaid Services (CMS) for 2012 includes approximately 30% payment reduction in Medicare payments. If the proposed Medicare cuts become a reality, it may result in the primary care physicians, both government employed as well as private physicians, withdrawing...

Latest Coding Resources and Products Available Online, for a Fee

Coding is a very crucial step in a clinic’s revenue cycle process and coders need to keep themselves updated with changing industry regulations and norms to remain competitive. But the question is how? The latest online coding resources offered by the American Medical Association have come as a blessing for the coders by providing electronic access to authoritative coding and compliance resources, as well as updates to the latest coding, billing...

ICD-10 Implementation: An update for physicians and coders

The transition to ICD-10 is much more than a mere increase in codes and field sizes. The descriptions of diagnosis codes in ICD-10 may be very different to what coders are used to seeing and using in ICD-9. Therefore, the complexity in transition is significant and shouldn’t be avoided by medical coders. An easier and successful transition...

Synchronizing ePrescribing, PQRS, and EHR Criteria

There can be many issues with a conventional paper prescription issued by a doctor. To begin with, most chemists find it difficult to understand illegible handwriting on the prescription, leading to disbursement of wrong drugs or dosages. Secondly, patients may need to return to the doctor for changes in the prescription, such as, extending it, or authorizing substitute medication due to non-availability of prescribed drugs. Thirdly, the...