Jul 31, 2015
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The Bottom Line

Writing off an uncollectable debt, especially in long-term care, is not a preferred means for closing an account. Especially during this period when Medicaid and Medicare cutbacks have ensued, collecting on your accounts receivable is imperative. Yet, writing off accounts that cannot be collected does happen. To avoid having to write off an account, you should maintain frequent contact with your accounts aging document. This is an important document that you can produce with your accounting software. Watch for those accounts that go past 30 days. The longer an account is delinquent, the more difficult it is to collect, especially in totality, on the account.

Jul 24, 2015
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The Bottom Line

Navigating the myriad rules, policies, and special cases that shape skilled nursing facility (SNF) consolidated billing (CB)—including distinguishing between services that are included in consolidated billing and ones that must be billed for separately—can be daunting, but learning to do so is critical for facilities. Achieving compliance in the CB domain is not only requisite for receiving earned reimbursement, but it can also influence the outcome of a SNF’s Centers for Medicare & Medicaid Services (CMS) audits, as well as prevent fraud and abuse–related Medicare infractions that can carry serious ramifications, including steep penalties, exclusion from the program, imprisonment, or any combination of these.

Jul 14, 2015
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The Bottom Line

On July 13, 2015, the Centers for Medicare & Medicaid Services (CMS) announced a proposal to improve the quality of care and safety affecting long-term care residents. Regulations regarding reduction of unnecessary hospital readmissions and infections, increased quality of resident care, and strengthened safety measures top the major revisions in CMS’ proposed rule CMS-3260-P, which is expected to be released in the July 16, 2015, Federal Register.

Jul 10, 2015
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The Bottom Line

In Finance, Budgeting, and Qualitative Analysis, author Brian Garavaglia, offers new and updated tips and tools that break down the confusing and often foreign financial side of healthcare. Planning is an essential function for all administrators. Planning deals with delineating both the short-term and long-term paths that a business will follow and what procedures it will utilize to achieve its goal.

Jun 30, 2015
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The Bottom Line

In ICD-10 Compliance: Process Improvement and Maintenance for Long-Term Care, authors Maureen McCarthy and Kristin Breese, help SNF organizations determine the impact of converting to a new diagnosis coding system.In order to accurately determine the impact converting to a new diagnosis coding system will have on any organization, the importance of an assessment phase cannot be understated. A thorough assessment will enable the team to address and reinforce inadequate systems, or provide time to effectively plan the transition to another vendor, should your current vendor choose not to participate in the ICD-10 transition. SNFs will need to know which areas of operations will be affected and if their current or anticipated vendors and payers will be ready.

May 14, 2015
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The Bottom Line

The Bottom Line provides Billers’ Association members with weekly electronic news, tips, and strategies to help operate an efficient and compliant billing office. In addition to regulatory guidance, The Bottom Line, will notify members when new tools, white papers, and webcast are released. Plus, Platinum members will receive their weekly Billing Alert for Long-Term Care article notification. 

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