The Business of Medicine Newsletter – September 2015
Volume 3, Issue 9
ICD-10 grace periods, independent contractors, patient engagement and more…
Inside the September issue: We give you an update on how CMS will relax ICD-10 reviews during the grace period, why most private payers won’t offer a grace period, how the federal definitions of independent contractors can result in penalties if you don’t follow them, why it’s dangerous to pay personal expenses with business accounts, and how to improve your patient engagement with concrete tips.
- ICD-10 grace period. Most private payers won’t follow CMS in offering a grace period. Find out why and what you can expect from your other payers.
- ICD-10 auditing and reviews. We explain what CMS means by “correct family of codes” so you know exactly how specific you need to be during the one-year grace period.
- Independent contractors. We break down the Department of Labor’s definition of an independent contractor vs. an employee and why it’s important that you get this right.
- Accounting and expenses. If you have ever used a business account to pay for a personal expense, you could be in hot water with the IRS. Find out why it’s crucial you don’t mix business expenses with personal ones.
- Patient engagement. Get six concrete tips to improve your communications and interactions with your patients to increase satisfaction and retention.