Resources

Sourcenet clients regularly receive valuable information packed documents called Source Documents. These documents allow Sourcenet to update, notify and communicate to clients hot topics that affect their specialty. Our partnership with other healthcare companies allows us to stay on top of breaking news in the healthcare field.

Health Care Reconciliation Act 2010

The U.S. House of Representatives approved by a strict 219-212 party-line vote on March 21 the Senate’s version of healthcare reform legislation, sending it to President Obama for his signature.

Click here for the full analysis.

Health Care Trends

Last year was a historic year, both for our country and for the healthcare industry. The inauguration of Barack Obama as our 44th President and first African- American President was a time of great hope and promise. Unfortunately, the nation was knee-deep in the worst recession in more than 75 years.

Click here for: Health Care Trends: Everything you Wanted to Know.

Timely Filing Guidelines for Medicare Fee-For-Service

On March 23, 2010,President Obama signed into law the Patient Protection and Affordable Care Act, which ammended the time period for filing Medicare fee-for-service claims as one of many provisions aimed at curbing fraud, waste and abuse in the Medicare program. 

Click here for the full article. 



Collecting Payments for "No Shows"

 Did you know that you should be collecting for No Shows?  Patients need to be more responsible and accountable for scheduling and missing appointments.  The only way to do this is to inform them that they are creating a problem for your practice and enforcing this with a penalty.  I know "penalty" may be the wrong word to use, but think this through with me:
    You are scheduled for 13 patients today and two become a "no show".  You now have had two vacant appointments for that day which could have been anywhere from 15 minutes to 1.5 hours.  If your average reimbursment per patient is $150.00, then you have lost $300.00 in revenue. 
    You can charge a patient (not their insurance) for a “no show”.   The amount you charge is up to you but if you implement a policy to charge for any “no shows” beginning with the 2^nd occurrence, you will not only reduce the amount of “no shows” to your practice but you will also be able to capture a small amount of the lost revenue.  Some patients will complain about this practice.  At that time you either 1) remove the charge based on good faith that this will not happen again or 2) communicate to the patient that you have your policy posted at the front desk that there will be a charge for any appointment cancelled less than 48 hours in advance (2 business days) and remain firm on the charge.  You may want to see if they are habitual and perhaps you need to discharge them from your practice. I hope you found some useful guidance with this communication. 

Emily M. Osetek, CHBME