According to statistics from the American Hospital Association, the nation's 5,010 nonfederal community hospitals' overall profit dropped 61% from fiscal year 2007.  The recession caused a $20.5 billion slide in providers' investment portfolios. Nonfederal community hospitals posted an overall profit in fiscal 2008 of $17 billion.  Community hostpials' overall profit margin in fiscal 2008 was 2.6%.  If you are a hosptial or health system with questions, please contact us for a free consultation.

CMS to eliminate the use of all consultation codes (inpatient and office/outpatient codes) on a budget-neutral basis, effective January 1, 2010, in accordance with the 2010 Final Physician Fee Schedule with Comment Period.

CMS is formally announcing that unless Congress intervenes to prevent the cut from occurring, there will be a 21.2% reduction in the Medicare physician fee schedule conversion factor, effective January 1, 2010.  This, along with other changes would be devastating to physician payments if

The American Recovery and Reinvestment Act of 2009 and Healthcare Information Technology (ARRA HIT).  See what meaningful use is worth to you and your practice.  View a dollar for dollar break down in the Document Library.  Please contact us for more information specific to your business needs.

The enforcement start date is November 1.  Implementation of the Red Flag Rules has been delayed for a year to provide more education to the businesses affected.  Contact us for more information on how these rules affect your practice.