Medicare therapy cap and use of the ABN.
By Rick Gawenda*
Since passage of the Bipartisan Budget Act of 2018 (HR 1892) that repealed the therapy cap for outpatient therapy services, there have been many questions about the application of the KX modifier for services that exceed either $2,010 or $3,000 physical therapy and speech therapy combined in 2018 or a separate $2,010 or $3,000 for occupational therapy. Most of the questions center around: Should I provide the Medicare beneficiary with an advance beneficiary notice of noncoverage (ABN) when they exceed either $2,010 or $3,000 in calendar year 2018?
Is your current business plan charting a path to your retirement?
By Ingrid Sparrow, PT, CMPT
You want your business to be a success, both clinically and financially. And while not every decision should be made with an eye to retirement, the reality is that there is significant overlap between succession planning and solid business functions.
Critical features for practice management.
By Stefan Young, OD
The use of electronic health records (EHRs) has surpassed electronic medical records (EMRs) in many health care offices—especially regarding features critical to good practice management. Simple EMRs typically only consist of digital documentation of your record for a given patient. Electronic health records have the capability to be multidisciplinary. For me, as an optometrist working in a hospital setting, this is a very exciting development. Formerly it was a tedious chore obtaining lab results, verifying pertinent medical history, medications, and co-managing with other specialists. EHRs make these and other tasks simpler, faster, and easier.
Six steps to help you along the way.
By Steve Stalzer, PT, MBA*
Selling a practice is rarely an easy decision, and marketing your practice to maximize value can be even more difficult. For those who are looking to sell, it is important to consider how to best position and market your practice to attract the right buyer. Much like selling a house, it is easier to sell a turnkey practice and command a good price if everything is in order. For the sake of this article, let’s assume an owner has taken the necessary steps to maximize the value of the practice, and he or she is now focused on attracting the right buyer.