Streamline cardiology medical billing for improved profitability and mu incentives

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Streamline Cardiology Medical Billing for
Improved Profitability and MU incentives
US will continue to be the largest market for health IT, due to incentives being
given by the government for health IT purchases.
 According to a report from Global Industry Analysts, the global market for
health IT products is forecasted to reach $66 billion by 2020. This increase
will be mostly driven by the desire of providers to increase profitability
Cardiologists in the US are also taking advantage of these incentive payments by
fulfilling Meaningful Use requirements. The number of cardiologists receiving

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Meaningful Use incentive payments in the US increased to a total of 12,948 by
March 2013. Over the preceding 12 months, this number represents an increase
of 9,279 cardiologists who qualified for payment incentives. This also exceeded
the American College of Cardiology’s informal goal of additional 8000
cardiologists.
 Cardiologists make up 2.5 to 3% of all physicians in the US; however, in
March 2013, they represented approximately 7.5% of all providers who
received incentives for meeting MU requirements
 Approximately 7.6% of $2.9 billion was awarded to Cardiologists in 2013

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 As opposed to 40% of all physicians, 55% of cardiologists have
incorporated eligible electronic health record systems in their practice
 Cardiologists who received incentive payments represent nearly 50% of
the estimated 26,000 practicing cardiologists in the US
MU challenges being faced by cardiologists:
Cardiologists can increase their earnings by showing eligibility for these
incentives; however, challenges related to selection and implementation of
quality electronic health record system, lack of skilled staff, time, money and
stringent healthcare reforms are stopping many providers from meeting MU
requirements.

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How can streamlined cardiology billing help?
If your cardiology practice is struggling with medical billing issues, it will affect
your revenue cycle and ability to implement electronic health records effectively.
It is extremely important to get the financial strengthen of your practice back on
track because preparation for MU incentives will require you to devote sufficient
time in selecting, implementing electronic health record system and training your
staff on how to use them. You might also have to hire experienced coders and
billers who should be proficient in handling billing operations along with health
record system.
With healthcare reforms increasing pressure on providers, including cardiologists,
outsourcing billing and health record needs to a third party has become popular.

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By hiring a reputed billing company, cardiologists can be assured of timely
reimbursements and expert help regarding electronic health record
implementation. This will eliminate their headache of hiring, training staff and
managing HIPAA-compliant cardiology billing.
Medicalbillersandcoders.com is a reputed billing company with the largest
consortium of coders and billers in the US. Our expert team has been helping
practices, including cardiologists solve billing challenges for improved profitability
and prepare for MU incentives. MBC offers assistance in successful selection and
implementation of electronic health record system. Our coders and billers are
certified and experienced in handling coding and billing challenges for
cardiologists with the help of latest technology. While we concentrate on

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strengthening your revenue cycle, you can concentrate on MU requirements and
patient care.
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Streamline cardiology medical billing for improved profitability and mu incentives

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Streamline cardiology medical billing for improved profitability and mu incentives