Martin Jacob, Author at Wonder Worth Solutions

DME Industry: The Counter to Reimbursement Cuts

July 23, 2018
Martin Jacob
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The DME industry, as we know it today, has been around for about 40 years. It is a young industry. For the first 30 years of its existence, there was little government oversight on the DME industry. This has changed. Today, the DME industry is caught in a “perfect storm”.…

18 Jul 18

Benefits of Mobile Technology: Financial Defense for Going Mobile

Mobile Technology has been one of those trends that have taken the business world by storm. Mobile device penetration has been rapid and monumental. In an industry facing reimbursement cuts, ever-evolving regulations and increased customer demand, DME executives are constantly searching for ways to streamline workflow and improve revenue. In…

16 Jul 18

Why Medical Practitioners Need To Manage Cash flow Monthly?

Medical practice is one of the most challenging types of businesses to manage cash flow. When a patient books an appointment, it’s very difficult to predict with certainty how much revenue that booking will generate when the practice will get paid and what percentage of the amount owed will eventually be written…

11 Jul 18

Medical Practice: How to Run Value-based Care Analytics Reports?

As we move further into value-based care, the analytics and reporting segments of EHR will play an ever-larger role in collecting and analyzing data. Analysis and correct interpretation of reports give providers actionable choices for improving quality of care and remaining compliant while boosting revenue as they grow their practices. However, depending…

09 Jul 18

6 Ways to Reduce a RAC Audit Risks

RAC Audit, as physicians know, are part of the government’s program to reduce fraud, waste, and errors in medical billing practices, especially Medicare and Medicaid. Many providers are aware that CMS has increased its RAC audits and commercial payers are also taking a closer look at billing and coding usage.…

06 Jul 18

Telemedicine Challenges and the Future of Healthcare

Telemedicine refers specifically to processes and secure technology used to provide clinical services and care to patients such as evaluation, diagnosis, treatment, care follow-up, chronic condition and medication management, specialty consultations with direct communication between a provider and patient via the Internet or other communication portal taking the place of an…

July 3, 2018
Martin Jacob
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What is Clean Claims? A clean claims has no defect, impropriety or special circumstance, including incomplete documentation that delays timely payment. A provider submits a clean claim by providing the required data elements on the standard claims forms, along with any attachments and additional elements, or revisions to data elements,…

June 27, 2018
Martin Jacob
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Financial metrics not only help to track the performance of your practice but also can be used to increase accountability of your in-house staff. A metric is a verifiable measure stated in either quantitative terms (e.g. financial ratios) or qualitative terms (e.g. patient satisfaction surveys). Metrics are important for a…

June 25, 2018
Martin Jacob
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MACRA Challenges in 2018. 71% of specialty physicians feel they have a long way to go to reach MACRA objectives. Shocking? This infographic based on a recent survey reveals how medical practices are struggling to meet MACRA guidelines. Has MACRA sent your healthcare organization into sticker shock? You are not alone.…

June 20, 2018
Martin Jacob
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This year is set to be another challenging year for medical practices, with several difficulties facing practitioners. However, three of those challenges are proving more difficult to overcome than ever before. Here, we look at the way in which government mandates, utilizing big data and eliciting healthcare patient payments, are…

Martin Jacob

DME Industry: The Counter to Reimbursement Cuts

Benefits of Mobile Technology: Financial Defense for Going Mobile

Why Medical Practitioners Need To Manage Cash flow Monthly?

Medical Practice: How to Run Value-based Care Analytics Reports?

6 Ways to Reduce a RAC Audit Risks

Telemedicine Challenges and the Future of Healthcare

Steps to Achieve Clean Claims Submission Ratio

Track this Financial Metrics for Your Medical Practice

MACRA challenges: Are you one among the 71% physicians?

Challenges Facing Medical Practices In 2018

Navigating the Complexities of the Physician Self-Referral Law: A Comprehensive Guide for Healthcare Providers

Mastering DME Billing and Coding: Your Comprehensive Guide to Training and Certification

Finding the Right DME Billing Company Near You: A Comprehensive Guide

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