MDNews - Central New York

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Contents | Mar/apr 2013 | PAGE on the cover 8 FRANCISCAN COMPANIES: PARTNERING TO KEEP PATIENTS WELL AT HOME Accounting A for Accounts 5 Receivable On the Cover Franciscan Companies founders Thomas Aiello, M.D., and Frank L. Smith Jr., President and CEO more thAn ever, physiCiAn prACtiCes Are in need of A viAble solution to the rising problem of unpAid pAtient debts. FEATURES FRANCISCAN COMPANIES: PARTNERING TO KEEP PATIENTS WELL AT HOME 8 As the Affordable Care Act (ACA) reconstructs the health care landscape, Franciscan Companies offers physicians in 17 counties in Central New York and northern Pennsylvania a partnership to sharply reduce the need for readmissions and to provide medically directed, quality-of-life-enhancing home health care. ACCOuNTING FOR ACCOuNTS RECEIvAbLE 12 Surveys indicate bad patient debt is on the rise. With poor economic conditions and lengthy billing practices contributing to delays in payment, what can medical practices do to stabilize their revenue cycles and maximize payments? 12 DEPARTMENTS ONONDAGA COuNTY MEDICAL SOCIETY MEANINGFuL uSE REAL ESTATE CYbERSECuRITY THAT���S NEWS Q&A bENEFIT SPECIALISTS LOCAL NEWS 5 6 14 16 17 18 20 21 14 CROSS THE COuNTRY, m cal practices both large small are ratcheting up accounts receivables seeing real-time cash flow continu dwindle. According to a 2010 re by NaviNet, 64% of surveyed prov offices indicated they are experien a rise in patient-based bad debt. problem is twofold. Patients are dogged by economic problems and unemployment rates. With their fina security in the balance, people ten push peripheral debts ��� including m cal bills ��� to the bottom of the bill Added to that is the fact that the cu medical billing process is a deeply fla system, one that doesn���t favor a consi and reliable revenue stream ��� espec for smaller practices.

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