Insurance companies have not only cut compensation rates, they have systematically developed elaborate and arcane systems that make medical billing so complicated that individual physicians cannot hope to confront the forces arrayed against them
Marlboro, NJ (PRWEB) February 16, 2009
Frustrated by insurance carriers that continue to reduce physicians' reimbursement? Searching for new ways to increase your practice revenue and improve compliance?
"Insurance companies have not only cut compensation rates, they have systematically developed elaborate and arcane systems that make medical billing so complicated that individual physicians cannot hope to confront the forces arrayed against them," says Dr. Doug Cassel, MD, Board Member and Compliance VP of Vericle, Inc., a medical billing network technology company in Marlboro, New Jersey.
"Carriers are reducing reimbursement levels to participating providers, and they're engaging in guerrilla warfare in the claims/reimbursement process to further forestall and reduce what they pay physicians for their services," adds Dennis Alessi, Esq, co-chairman of the Health Care Law Department at Mandelbaum and Salsburg, PC, in West Orange, New Jersey.
Yuval Lirov, PhD, author of 'Medical Billing Networks and Processes' (2009) and 'Practicing Profitability - Billing Network Effect For Revenue Cycle Management' (2007), and CEO of Vericle, will deliver a presentation titled 'Maximizing Practice Cashflow: the Modern Business Practice of Medicine,' at the March meeting of the Monmouth/Ocean NJ Chapter of The American Academy of Professional Coders (AAPC). His presentation reviews the specific strategies and tactics insurance companies use to underpay providers and reveals innovative Internet-based methodologies to level the playing field between the two.
Date: March 12, 2009
Continued Education Units: 2 CEU
Fee: $7 for members and students; $10 for non-members.
Location: Jersey Shore Medical Center, Lance Auditorium, Neptune, New Jersey 07753
About Monmouth/Ocean NJ Chapter of AAPC:
AAPC mission is to establish and maintain professional, ethical, and educational standards for professional coders, provide a national certification and credentialing process, support the national and local membership by providing educational products and opportunities to network, and increase and promote national recognition and awareness of coding.
Vericle.net - Distributed Practice Management and Billing Technologies - provides medical practice owners, practice managers, billers and coders with leading edge Internet technology for patient appointment scheduling, compliant documentation, billing and revenue cycle management. Numerous billing service companies, e.g., Billing Precision, Billing Dynamix, and Affinity Billing, use Vericle technology to establish leadership in service standards, compliance, growth, scalability, and profitability.
# # #