Physician Practices Pressured to Review Revenue Cycle Management
And still others, some of the smaller physician-owned practices, are operating as usual and are of the opinion that this will not impact them at all. They're mistaken, she says.
"The larger physician groups and the ones aligned with larger health systems are a bit more attuned to these concerns than the smaller practices, giving some thoughts to what they're facing and how to get to a better place," Ruff says. "Others are preparing but don't know exactly where to go and what to do. And then there are the smaller physician groups, the privately owned practices that are not too concerned about it and planning to just wait it out, and see if they can stay afloat. We do not recommend just waiting it out, no matter how small your practice."
Actually getting your EMR up and running isn't enough. Practices must conduct a security risk analysis, notes Evan S. Schwartz, JD, founding partner of the law firm Quadrino Schwartz in Garden City, N.Y.
The analysis should show that the system does meet the strict standards required by the law.
Insurers also are auditing practices at an increasing rate, he says.
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- 3 Traits Personality Assessments Can't Reveal
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CHS Hacked, 4.5M Patient Records Compromised
- CFO Exchange: Healthcare Leaders Share 5 Innovative Ideas
- Business Roundup: M&A Activity Down Slightly in First Half of 2014
- Large Employers Trimming Healthcare Spending
- Carondelet to Pay $35M to Settle Fraud Allegations