EBook: Improved Practice Revenue with ICD-10 Changes

You are probably wondering how the right medical billing and coding strategy improve your practice’s revenue.  Today’s medical economic environment has not been kind to radiology. Both hospital-based and the independent radiologists are at risk. Hospitals and Universities do not want to contribute to radiologist’s salary support in the same fashion that they have done in the past. Reimbursement, and in many locales, volume has decreased via radiology benefit managers and controlled utilization. In many areas of the country radiologist’s compensation is decreasing, even when practice volumes may not have changed.

There are a number of steps your practice can take in order to ensure that you’re in the best place possible to improve efficiency and find improved practice revenue. In light of recent ICD-10 changes and the ever-morphing medical coding standards, it is important to manage your processes and stay on top of the newest codes, so as to save time and money.

Matthew Rifkin, MD, FACR, is one of Atlantic Health Solutions' most valuable team members due to his expertise in the field. Dr. Rifkin became a Board-Certified in Radiology in 1978 and has since been a member of the faculty for the Johns Hopkins Medical School, the University of Miami School of Medicine and the Jefferson Medical College in Philadelphia. In 1991, he was appointed Chairman of the Department of Radiology at the Albany Medical College where he reorganized the department and also was responsible for running the Medical School’s entire faculty practice (a $110,000,000.00) enterprise.

He then assumed the position of Vice-Chair of the Department of Radiology and Chief of Clinical Operations at the State University of New York at Stony Brook. In 2002, he became Chairman of Radiology at the Good Samaritan Hospital in Long Island and in 2004 incorporated the radiology services of St. Catherine Hospital, 2005 St. Charles Hospital, 2007 Mather Hospital and in 2008 four independent Imaging Centers (all in Long Island), expanding the group of Board- Certified radiologists from 10 to 48. In 2011, he joined Atlantic Health Solutions as Executive Vice-President of Physician Integration.