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We have gone over our books and looked at our labor growth over the last 6-7 years. Here is a summary of our situation. All numbers are based on billed services only. Costs of goods sold are NOT included in any of the numbers. Our average growth per year over the last 6-7 years is 48.62%. If we take out our best and worst years for growth then our average is 31.62% each year. We are currently on pace to easily hit $126,703.79 in labor for 2016. Our labor increased by 34.84% from 2015 to 2016. We just added two managed service clients this month. Now we have 20 managed services clients that add up to $120,720.96 per year. As you know this is the most valuable part of our business.…
When it comes to HIPAA, ICD, CPT, and HCPCS on how they influence each of the ten steps of the medical billing process, HIPAA influences the billing process by maintaining HIPAA compliance, as far as confidentiality and the handling of the medical record. When it comes to ICD, CPT, and HCPCS they influence the billing process they are the reference source where the codes are contained that are used to find the diagnosis, procedure, and the supply codes. But the HIPAA, ICD, CPT, and HCPCS they are all some kind of way related to have something to do with the billing process, but the ten steps during the process are…
4. Health Insurance Portability and Accountability Act (HIPAA) Policy for any organization that handles health information Family Education Rights and Privacy Act (FERPA) Policy in…
The Health Insurance Portability and Accountability Act of 1996 (enacted in 200) established guidelines for how providers and facilities should protect protected health information. In 2013, HIPAA turned 10 years old and has evolved over the past 10 years.…
With so many health organizations turning to electronic transfer and receiving of individual health information, certain rules must be in place to ensure health information is kept confidential. In the article “Summary of the HIPAA Security Rule” defines the different roles that the rule covers. Here are some examples of what the HIPAA security rule covers: administrative safeguards, physical and technical safeguards, policies and procedure requirements and much more.…
What is HIPAA all about and why should you care about being HIPAA compliant? Medical marijuana, like any controlled substance, requires a strong system of identifying patients properly. Dispensaries use computerized systems to process and verify patient health information (PHI). This can pose certain risks, including security breaches. These systems are subject to the Health Insurance of Portability and Accountability Act of 1996 (also referred to as HIPAA). Under this Act, medical marijuana is treated the in a similar way as prescription drugs.…
This research is being submitted on November 18, 2012 for Lashonda Crockett H340/HSA3422 Section 03 Regulation and Compliance in Health Care.…
HIPAA allows patients’ health information to be disclosed under some circumstances, such as 1) to meet law requirements; 2) for reporting of abuse, neglect, and domestic violence; 3) for monitoring of healthcare operations; 4) to be presented as evidence in legal proceedings; 5) for assistance with police investigation; 6) for medical examinations and funerals; 7) for organ donation; 8) for research; 9) to avoid a significant threat to health or safety; 10) for workers’ compensation payments; 11) to execute government…
The Health Insurance Portability and Accountability Act (HIPAA), became law in 1996. It requires health care providers, insurance companies and others involved in health care transactions to provide security on any system containing personal health information, store and transmit that information according to standardized rules, and place an automatic audit on files to help keep track of who should have access to them and whether those access rules have been violated. HIPAA complaints and violations that aren't fixed quickly are subject to a fine of between $100 per incident or a maximum of $25,000 per year for violation of a specific rule.…
In 1996 the U.S. Congress passed the Health Insurance Portability and Accountability Act (HIPAA). The first pro about the HIPAA law is that it protects yours or a patient’s security and privacy rights. Every patient must read and sign that hit the consent form which will allow the patient’s medical records to be released. The patient will also have access and complete control over their medical records. The second pro in the HIPAA law is that it allows Health Care providers to check the patient’s eligibility prior to receiving any medical treatments. Let’s say a patient has a preexisting health condition or issue and they lose their job, the outpatient me continue to stay with the same Health Insurance. The last pro for HIPAA law would…
HIPAA was initially enacted to protect workers in the United States from being denied health insurance coverage when they changed jobs. HIPAA Privacy Rule was made to protect patients’ rights by ensuring the privacy of patients’ health information. Under the HIPAA Privacy Rule, the healthcare organization must: Have in place privacy policies and procedures that are appropriate for it healthcare services; Notify patients of their privacy rights and how their private health information can be used or disclosed; Train all employees so that they understand the privacy policies and procedures; Appoint a privacy official who is responsible for ensuring that the privacy…
The Health Insurance Portability Accountability Act (HIPAA) administers the HIPPA Privacy and Security Rules for individual’s protection of their health information. Many doctors and health care providers recognize and accept all requirements under the Security and Privacy Rules. EHR permits health care providers and doctor’s to use data efficiently in their care and to develop the superiority and effectiveness for the betterment of the patient.…
What does HIPAA stand for, what does it mean? And why is it so important? HIPAA stands for Health Insurance Portability and Accountability Act. This law helps maintain privacy of health information, which prevents improper use of ones medical records. If you work in a hospital or clinic, every employee receives a thick packet on HIPAA. If you’re like me, you might skim through it on a thirty minute break and not pay it any mind. (It’s the truth). Because of not reading that packet, I never understood what it was about or its importance. After absorbing Henrietta’s story, thank goodness this Act was approved when it was, which was1996. The article HIPAA Fine Is First displayed the consequences by not practicing this Act. In Zigmonds article June of this year 2011, Cignet Health Center refused 41 patients of obtaining any medical records, even upon request. HIPAA states records are to be given to a patient no later than 60 days. For not doing so, Health and Human services (HHS) fined the company with 4.3 million dollars. 1.3 million by not following HIPAA and 3 million for not cooperating with HHS. If this Act was approved over fifty years ago, Henrietta would not be known worldwide due to medical classification,…
There are several advantages in having a standardized medical database. The most important advantage is a standardized medical database will offer medical facilities access to the patient records more easily. If a patient decides to change health care providers or if an emergency situation arose the patient would be able to receive service immediately. The database will contain patient’s medical information, so that if a patient were to encounter a medical emergency their medical files would be easy to obtain in order to treat the patient for the particular injury or illness. For example, if I were taken to the emergency room, the doctor would able to see that I am allergic to the…
HIPAA came into place “to improve the efficiency and effectiveness of the health care system, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Public Law 104-191, included Administrative Simplification provisions that required HHS to adopt national standards for electronic health care transactions and code sets, unique health identifiers, and security.” (U.S. Department of Health & Human Services) Then after getting all the policy and procedures into place it became effective in February of 2003. The HIPAA policies help to protect all parties in the medical field including the patients and physicians.…