Chart Links will exhibit at the American Physical Therapy Association Private Practice Section 2008 Annual Conference and Exposition, Booth #512, in Orlando, FL on November 6-8, 2008.
For a complete listing of tradeshows at which Chart Links will exhibit, please view our schedule.
The threat of a 10.6 percent Medicare payment reduction captured the attention of many therapy practices this past summer. Ultimately, the payment reduction was voted down, but the bill had an unanticipated impact on the industry. It prompted many practices to evaluate how they could maximize existing revenue streams and better prepare for future financial challenges.
One innovative approach that has been implemented at therapy practices focuses on analyzing electronic remittance advice (ERA) to reduce denials and underpayments. Using ERA data as opposed to data posted in the billing system or culled from the clearinghouse gives therapists greater insight into denial rates, by payer, as a means of recouping reimbursement.
ERA data analysis allows practices to gain an understanding of why a payer denied a claim so they can prevent future denials. The resulting analysis gives power back to therapists for dealing with payers, and allows them to develop the best possible processes to ensure the full reimbursement they are allowed with the lowest cost of collections.
Chart Links will exhibit at the National Association of Rehabilitation Providers and Agencies (NARA) Fall Conference in Las Vegas, NV on October 22-24, 2008. Be sure to stop by and see Robert Stafford or John Rea for a look at the latest version of our electronic documentation and workflow management system for outpatient rehabilitation.
On Friday, October 24, 2008, Chart Links’ VP of Sales, John Rea, will present at the Educational Luncheon at the NARA Conference. His speech is entitled “Electronic Documentation” and will cover how electronic documentation fits within a comprehensive outpatient rehabilitation workflow management system.
Chart Links is a proud Gold Sponsor of NARA.