Protecting your practice’s future is something that you need to do. Well, the Centers for Medicare and Medicaid Services (CMS) has released its CY 2027 Medicare Physician Fee Schedule (PFS) proposed rule, and professionals up and down the medical industry are up in arms. Physicians are going to see yet another overall decrease in payment under this fee schedule, while inflation continues to rise. Labor and product costs continue to go up, but you need to find a way to make it work. That can feel like you’re having to balance the budget for Medicare as a single office.
With Angela Miller-Leathers at Medical Auditing Solutions, you’ve got a guide to helping tightly manage your revenue. From credentialing and billing to denials and education to prevent errors in the future, we are your practice solutions that works as hard for your business as you do. Our office stays on top of the latest news in the industry, from compliance changes to regulatory adjustments, and we know that the CMS proposed rule is a big topic of conversation around the office. Since a 2.5% statutory payment increase has expired, proposed reductions elsewhere, and more, there are real Medicare cutbacks that need to be taken into account. We’re here to help you balance your budget while helping more patients receive the care that they need.
Every dollar matters more when reimbursement rates go down. Find out how Medical Auditing Solutions helps providers just like you to stay profitable.
Your Mistakes May Mean More Now
When you’re flush with cash, it might feel acceptable to let some things slide. But when you’re operating with thinner margins, you can no longer afford to miss a code or make a documentation mistake. Unfortunately, with the advent of Artificial Intelligence technology, they’re finding more ways than ever to deny patients, so payers are catching mistakes immediately.
CMS has been changing rules and regulations constantly, too. First time coding accuracy is one way to make sure you are taking the right steps. Documentation is a real asset here, too, so be sure that you are doing enough. Our office can help you to understand the moves you need to make.
Streamline Revenue Cycle With An Internal Review
If you don’t know where you are slipping up, then you can’t know what to do to improve your approach. in a tighter financial climate, this is essential. We can take a deep dive into your processes to see what your office can do better.
Right now, you’re being pushed by forces beyond your control. But while CMS cuts to Medicare may be out of your hands, you still have the opportunity to increase efficiency to weather the storm,
Protect Your Bottom Line At Medical Auditing Solutions
CY 2027 Medicare Physician Fee Schedule (PFS) is showing further decreases to physician payouts. To find out more about adjusting your revenue cycle approach to match these leaner payments, call Medical Auditing Solutions and My DME Billing at (972) 459-1508.