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THERE IS A CHOICE IN PROMPT PAY DISCOVERY SERVICES


comfortable brainstorming with other physicians,” Dr. Childers said. Thomas Kim, MD, an Austin psy- chiatrist, is the incubator’s director of medical technology. At the inaugural event, he encouraged physicians to take advantage of the invaluable mentorship opportunities the incubator provides. The incubator’s potential to foster bud- ding doctorpreneurs’ business concepts abounds, Dr. Haas says. “We hope that through TMA we’ll be able to get the word out about the in- cubator to the rest of the state. Perhaps there will eventually be spinoffs of the group in other cities as demand grows. We currently have doctors who drive in from San Antonio and Houston to attend meetings,” she said.


A Different Approach to Prompt Pay


At nVenio Analytics, our experts and technology have supported Prompt Pay recoveries for over a decade. Our team will educate your practice to make the prompt pay laws work for you. We will equip your practice with the knowledge to use Prompt Pay laws to prevent further underpayments and late payments from insurance companies. And we will empower your practice to recover what you are owed.


nVenio Analytics is not a law firm. Our team is composed of successful business executives, medical claims auditors, and financial recovery experts experienced in healthcare insurance and reimbursement practices. Our goal has always been to provide quality service to medical practices, assisting in the recovery of millions of dollars in underpaid and late-paid claims and penalties for our clients.


To learn more about nVenio’s Prompt Pay discovery service contact your local medical society, or contact us directly at 866-274-3122 or visit us online at PromptPayExperts.com.


ICD-10: Step-by-step is the best strategy


A recent survey by the Workgroup for Electronic Data Interchange (WEDI) in- dicates medical professionals are way behind on their progress toward ICD-10 implementation. “Unless more providers move quickly


forward with their implementation ef- forts, there will be significant disruption on Oct. 1, 2014,” WEDI concluded. If you don’t comply with ICD-10 coding regulations by then, insurers will not pay your claims.


Even if you are holding out hope We are not a law firm, and nVenio Analytics does not provide legal advice.


the ICD-10 mandate will go away, you should start planning for it, says Steve Arter, chief executive officer of Complete Practice Resources, in a video interview with the Texas Medical Association’s Peg- gy Pringle, associate vice president for practice management services. Waiting to find out if Congress will take action to stop ICD-10 is not a wise strategy. Mr. Arter recommends practices take a measured, phased approach to the transition so it won’t be overwhelming. He recommends the following five-stage process, noting that the early steps don’t require large capital outlay but put you


50 TEXAS MEDICINE September 2013


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