Friday, February 24, 2012

MGMA Chief Calls for Further Delay of 5010 in Letter to HHS Secretary

"The Medical Group Management Association (MGMA) requests that you take immediate action to address the payment disruption issues that have occurred as a result of the federally mandated transition to HIPAA Version 5010 electronic transactions on Jan. 1. Medical practices throughout the nation are experiencing significant challenges implementing these new transactions, a situation that has led to considerable cash flow problems for physicians and their practices. Problems are being reported with both Medicare Administrative Contractors (MACs) and commercial plans.

Should the government not take the necessary steps, many practices face significantly delayed revenue, operational difficulties, a reduced ability to treat patients, staff layoffs, or even the prospect of closing their practice. As the transition to Version 5010 is a mandatory step toward ICD-10 implementation, this raises even more concerns, understanding the magnitude of ICD-10 is exponentially greater than Version 5010."

Click HERE to read the entire letter.

Friday, February 17, 2012

AMA Writes to Speaker Boehner, Recommends a Stop to ICD-10 Implementation

"The implementation...will create significant burdens on the practice of medicine with no direct benefit to individual patient care..."

James L. Madara, MD, Executive VP and CEO of the American Medical Association recently wrote a letter to John Boehner, Speaker of the House, urging him to "put a stop to the Health Insurance Portability and Accountability Act (HIPAA) required implementation of ICD-10". Citing the burden of coping with "with 68,000 codes - a fivefold increase from the current 13,000 codes" and issues in Canada involving "high risk for claims processing and payment disruptions" associated with ICD-10, he recommends a "call on stakeholders to assess an appropriate replacement for ICD-9." Dr. Madara estimates the cost of transitioning to the new coding system as between $83,290 to more than $2.7 million per healthcare practice.

Click HERE to read the letter.

Friday, February 10, 2012

Best Places to Work

Fortune Magazine recently released its list of Best Places to work for 2012. Several healthcare companies made the list including Miami based Baptist Health South Florida.  

#9           CHG Healthcare Services

#36         Southern Ohio Medical Center

#42         Baptist Health South Florida

#53         Methodist Hospital

#56         Scripps Health

#65         Atlantic Health

#68         Genentech

#71         Mayo Clinic

#80         Stryker

#87         The Everett Clinic

#88         OhioHealth

#96         Meridian Health

Saturday, February 4, 2012

SFHEF Installs 2012 Board

The South Florida Healthcare Executive Forum, the official local chapter of the American College of Healthcare Executives, held its
     click hyperlink above to view the rest of the story.

The following new Board Members were installed at the gala event held at the Miami Beach Resort and Spa.

To learn more about the SFHEF, click HERE.