Power Your Practice

We realize there’s a ton of literature on medical identity theft out there, and you don’t have time to sift through all of it. With cases of identity theft being reported by a whopping 33% of healthcare organizations, it’s more important than ever to know where you stand and what to do in the event of an identity theft emergency.

Luckily, Power Your Practice is here to help. We’ve synthesized ‘legalese’ and analyzed recently publicized cases to give you a focused, no-frills take on medical identity theft, and what essentials you need to know about the most.

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It’s no secret the healthcare industry is rife with costly administrative processes. Case in point: paper explanation of benefits (EOB) forms amount to nearly $18,600 in administrative costs per physician, per year.

However, with the recent upswing of tools like the electronic remittance advice (ERA), the industry can exhale, relieved. Like practices, hospitals and other healthcare providers, payers are jumping on the paperless bandwagon in hopes of reducing administrative costs.

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The announcement of Meaningful Use Stage 2 came and went. Journalists were all over it, asking questions about what some of the rules may mean for physicians and hospitals trying to nab interviews.

One of the questions many of us have been asking is whether Meaningful Use will add to HIPAA requirements when many of which are strenuous enough to abide by already.

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It’s about that time for us to wrap up another week here at Power Your Practice.

As usual, we compile the week’s articles and send them straight to your mailbox, making it easy for our readers to digest the best in health IT tips and best practices.

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