Outpatient physical therapy programs are often overlooked in the hospital. However, there are several opportunities to increase access to care for patients and increase revenue for the hospital in outpatient therapy. Believe it or not, there are still opportunities for charge capture in this area, along with some basic “blocking and tackling” operational issues. New […]
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Since the release of Centers for Medicare & Medicaid (CMS) final ruling, there has been a lot of confusion regarding the correct way to write off a bad debt crossover account. For years it has been acceptable to write off a Medicare bad debt crossover account to a contractual allowance. But then in 2018 an […]
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In these unprecedented times, protecting your Medicare bad debt reimbursement is more important than ever. With decreases in patient volume due to COVID-19, hospitals will certainly feel the effect on their wallet. Coupled with the release of Centers for Medicare and Medicaid Services’ (CMS) final rule, NOW is the time to safeguard your Hospital’s reimbursement. […]
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Join us Thursday, October 1st from Noon to 1 PM Eastern. Join Michael Alessandrini, Rebecca Meredith, and Nicole Cameron on October 1st from Noon to 1 PM Eastern as they discuss the 2021 IPPS Final Ruling with Kentucky HFMA. They will review the Final 2021 Inpatient Prospective Payment System rule and look at changes in […]
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On September 19th HHS released updated reporting guidelines for CARES act funding from General and Targeted distributions. Included in this announcement is a shift in the definition and calculation of “Lost Revenues”. Previous announcements and attestations indicated Provider Relief Funds (PRF) could report their use by either lost revenues or costs incurred to treat, prepare, […]
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Effective January 1, 2021, hospitals must comply with HHS’ new hospital price transparency rule that requires facilities to create and maintain a public list of their standard charges, including private payer-negotiated rates, for 300 “shoppable” services. The American Hospital Association (AHA) and others have argued that the requirement for disclosing private payer rates exceeds the […]
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Join Medical Marketing Whiz and Walt Eckert of Blue & Co., as they discuss How Outsourcing Can Grow Your Practice. You’re going to learn: Learn when it is the right time to outsource specific services for your business Understand the benefits of hiring an experienced expert at a fraction of the cost of a full-time […]
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On September 2, 2020, CMS released its final ruling. It is effective beginning October 1, 2020, for FY 2021. This means it will go in to effect the first day of your fiscal year 2021. Below you will find a summary of the finalized regulations put in place by CMS for the Medicare Bad Debt […]
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Join Medical Marketing Whiz and Tom Skoog of Blue & Co., as they discuss Cybersecurity: 5 Action Steps to Protect Your Practice. A lack of focus on cybersecurity can be greatly damaging to a practice. The direct economic impact such as attacks, theft of private information, disruption to business, and repairing affected systems can be […]
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Join Medical Marketing Whiz and David Sproule of Blue & Co., as they discuss Tips for Keeping & Increasing Cash Flow of Your Practice. You’re going to learn: What you can do today to help you through the Covid-19 pandemic Find out if you’re making the major financial mistake that will destroy your practice Discover […]
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By Priya Singleton, CPA, Director at Blue & Co. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments in 2016. The ASU applies to all reporting entities, not just banks and financial institutions, and is effective for all […]
Determining when to include rental income in your unrelated business income (UBI) tax calculation can be challenging; however, it is a commonly conducted non-profit organization activity. We created a beginner’s guide checklist to help you get started. There are two common types of rental income we see among our non-profit clients: Real Property: Providing low-income […]
CARMEL, Ind. (September 27, 2023) – Blue & Co., LLC is pleased to announce that Bob Ellis has joined FORUM Credit Union as a Supervisory Committee Volunteer. “I have been a FORUM member since 1992,” said Ellis. “This is a chance for me to give back to my community and an institution that has given […]
