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Earnings Report: HealthSpring soars from Medicare premiums - Bizjournals.com

Earnings Report: HealthSpring soars from Medicare premiums
Bizjournals.com
The company saw a boost in its revenue from Medicare premiums, which increased 25.5 percent from last year to $663 million. Why it matters: Membership in ...
HealthSpring says 4th-quarter profit climbed 37 percent on Medicare Advantage ...CanadianBusiness.com
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Deutsche Bank Maintains a 'Hold' on HealthSpring (HS), Raises PTStreetInsider.com (subscription)
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Publ.Date : Mon, 08 Feb 2010 15:42:26 GMT+00:00

Is it too late to enroll in Medicare Part B? - Seattle Times

WisPolitics.com

Is it too late to enroll in Medicare Part B?
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Publ.Date : Tue, 09 Feb 2010 05:06:10 GMT+00:00

Medicare Pay Freeze May Still Leave Physicians in Bad SGR "Fix" - Medscape

Medicare Pay Freeze May Still Leave Physicians in Bad SGR "Fix"
Medscape
February 8, 2010 — For months, organized medicine has warned that if a 21.2% Medicare pay cut takes effect this March, as required by the notorious ...
No plans in place to fix Medicare pay problemModernHealthcare.com
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Publ.Date : Mon, 08 Feb 2010 22:31:13 GMT+00:00

Lincare 4Q Profit Down 27%; Another Medicare Cut In 2010 - Wall Street Journal

Lincare 4Q Profit Down 27%; Another Medicare Cut In 2010
Wall Street Journal
Lincare Holdings Inc.'s (LNCR) fourth-quarter profit dropped 27% as the company continued to suffered from Medicare reimbursement cuts in 2009. ...
Lincare Holdings 4th-quarter profit drops due to cuts in Medicare reimbursementCanadianBusiness.com
Lincare income drops in 2009, warns of another hit to comeTampa Bay Business Journal
Lincare Holdings Q4 Profit Declines - Quick FactsRTT News
MarketWatch
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Publ.Date : Mon, 08 Feb 2010 21:53:43 GMT+00:00

Coventry Health Care Reports Fourth Quarter Earnings of $0.74 per Diluted Share - MarketWatch

RTT News

Coventry Health Care Reports Fourth Quarter Earnings of $0.74 per Diluted Share
MarketWatch
Medicare Advantage Membership & MLR. As of December 31, 2009, Medicare Advantage membership was 515000, an increase of 135000 members from the prior year. ...
Coventry quarterly profit sails by analyst viewsReuters
Coventry Health 4Q Profit Rose 24% As Claims Costs FallWall Street Journal
Coventry Health Q4 Profit Rises; Guides FY10 - UpdateRTT News
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Publ.Date : Tue, 09 Feb 2010 11:06:23 GMT+00:00

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Medical Practice Management Company Influences Major Reimbursement Policies

by June Marshall-kingsley

mpowermed, inc., a medical practice management company in Mahwah, NJ, influenced Aetna and Pennsylvania Centers for Medicare and Medicaid to change their reimbursement policies for certain medical procedures. Both patients and physicians benefit from these reimbursement changes.

The world of medical billing and coding for physician reimbursement is complex and can be daunting. Staying on top of the game with reimbursement policies from such large insurance organizations as Aetna, Medicare, and Medicaid takes knowledge and experience. But sometimes the policies don’t make sense, are not in the physician’s best interest, or have not changed to keep up with current medical practices.

That is where a proactive, dedicated, and experienced practice management company like mpowermed, inc., of Mahwah, New Jersey makes a difference -- by fighting for every cent due when the polices seem unfair, outdated, or simply incorrect for today’s needs. Such was the case with a policy regarding a breast cancer treatment involving a treatment device known as a breast board. Pennsylvania Medicare and Medicaid were denying payment for more than one use of these treatment devices a day. mpowermed appealed with the following words in a letter, “In a given course of treatment, it is most common to see more than a single treatment device in a day. We are confident that all medical documentation would prove medical necessity.”

Because of this letter, the Pennsylvania Center for Medicare and Medicaid Services wrote back to mpowermed saying they researched the treatment device situation and actually visited a large cancer treatment facility, “to view the devices and discuss their use and billing with a radiation oncologist.” Based on these findings, Pennsylvania Medicare and Medicaid will update their policies regarding this treatment device (CPT Code 77334).

Prior to this victory, mpowermed had written to Aetna about rejecting claims for another reimbursable item, Portal Film (CPT Code 77417) usage on the same day as the physician’s weekly management charge (CPT Code 77427). After amassing impressive documentation proof, mpowermed suggested the changes to differentiate between portal film usage in a freestanding clinic versus a hospital setting. Aetna agreed to reimburse the technical use of portal film in freestanding, privately owned radiation oncology clinics.

According to mpowermed, “It takes patience and perseverance to influence policy changes in large insurance organizations. Both Aetna and the Centers for Medicare and Medicaid Services were more than cooperative in affecting the necessary changes. It is for the benefit of the patient and the physician when they do! This is what makes medical practice management, billing, and coding such a rewarding opportunity!”

Company contact:

mpowermed, inc.
June Marshall-Kingsley
Marketing Manager
201-684-1616 Ext. 130
 

 

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