UROLOGY PRACTICE MANAGEMENT ™
PROCESS IMPROVEMENTS TO ENHANCE PATIENT CARE™
www.UroPracticeManagement.com
Procedure Payment Reductions for Imaging Services: Implications for Urology Practice Administrators Sean M. Weiss, CCP-P, CCA-P, ACS-EM, CPC, CPC-P Vice President & Chief Compliance Officer DecisionHealth/Professional Services
S
ince 2001, physicians in solo and small group practices have seen a 7% annual reduction in reimbursement. Although the downward trend in reimbursement continues, costs continue to escalate. The change from the International Classification of Diseases, Ninth Revision (ICD-9) to the ICD-10 looms, bringing with it the financial burden associated with increased training and implementation. Individuals will be required to undergo 16 hours of coding Continued on page 8
VOLUME 1 • NUMBER 1
Letter to Our Readers Dear Colleague,
W
hat are the trends in Medicare Part D, and how can you guide your patients through them to an understanding of which plan is right for them based on its formulary and benefit design? How does specialty pharmacy impact your practice from a financial perspective? How can you assist your patients in accessing extra financial help if they
need it? How can you gain a working awareness of information technology (IT), and how can it improve your practice’s efficiency, productivity, and profitability? With these questions we welcome you to the inaugural issue of Urology Practice Management, which is designed to deliver practical process and business solutions. Urology Practice Management will acquaint Continued on page 7
Medicare Part D: Considerations for Urology Practices By Kip Piper, MA, FACHE President, Health Results Group, LLC, Washington, DC
T
he Medicare Part D drug benefit has important implications for urology practices. As Part D continues to evolve, so do its challenges and opportunities. This article outlines some of the basic details of Medicare Part D, some of the challenges it poses, and some of the trends associated with it. Today, the Medicare program provides $591 billion in healthcare services to 48
million beneficiaries. In 2012, Medicare benefits include $130.7 billion worth of physician services and $69.4 billion in prescription drugs. To understand Medicare Part D—the Medicare prescription drug benefit—it is important to understand all 4 parts of Medicare, and how care is delivered through either fee-for-service (FFS) or plans. Medicare Part A proContinued on page 11
Pr is emi su er e
JULY 2012
©2012 Engage Healthcare Communications, LLC