Blog Posts by Tag: Medical Device - Remote Patient Monitoring
How Real-Time Web Services Help IDTFs and Medical Device Grow Revenue Faster
Krista NadolskiSr. Director, Genetics and Novel Technologies, XIFIN Michael HeinTechnical Implementations Manager, XIFIN Diagnostic technology companies are known for innovation. The latest diagnostic and monitoring devices and applications collect more information than ever...
First Coast Publishes Rates for New External Electrocardiographic Recording Codes
In late 2020, CMS announced that it would be moving from the temporary Category III codes for long term ECG monitoring and will instead use Category I CPT codes, starting January of 2021. CMS did not add national rates for the codes but is instead looking to the MACs to price individually.There has been much attention on the initial Novitas proposed rates as they were a substantial reduction...
How an Accurate Patient Out-of-Pocket Expense Estimator Helps Prevent Surprise Billing
There has been a lot written about surprise billing lately and the No Surprises Act, which includes surprise billing legislation, was signed into law the final week of 2020 and is slated to go into effect on Jan. 1, 2022. Surprise medical bills are unexpected balances the patient owes. This can occur for example when a patient receives care from a hospital that is in-network but is seen by a...
Effective Compliance Programs are Essential to Manage Risk While Driving Growth for IDTFs (Part 4 of 4)
In the final part of this four-part blog series, we focus on effective compliance programs for independent device testing facilities (IDTFs) revenue cycle management (RCM). If you missed the first three blog posts, you could find them here.Any review of the RCM process needs to include compliance considerations. Compliance requirements keep changing, and a misstep can result in lost revenues,...
Effective Billing Strategies to Drive Growth and Value While Decreasing Total Cost of Billing for IDTFs (Part 3 of 4)
Jessica SubletteDirector of Revenue Cycle, XIFIN Marissa GeracheSenior Customer Service & Account Manager of MDx, XIFIN As we explored in part 1 and part 2 of this 4-part series, some independent device testing facilities (IDFT) businesses fail to recognize just how...
Effective Billing Strategies to Drive Growth and Value While Decreasing Total Cost of Billing for IDTFs (Part 2 of 4)
Jessica SubletteDirector of Revenue Cycle, XIFIN Marissa GeracheSenior Customer Service & Account Manager of MDx, XIFIN As we explored in part 1 of this 4-part series, many companies in the independent diagnostic testing facilities (IDFT) business fail to recognize...
Effective Billing Strategies to Drive Growth and Value While Decreasing Total Cost of Billing for IDTFs (Part 1 of 4)
Jessica SubletteDirector of Revenue Cycle, XIFIN Marissa GeracheSenior Customer Service & Account Manager of MDx, XIFIN Several factors are driving the growth of independent diagnostic testing facilities (IDTFs). For example, 80% of seniors, ages 65 and higher, have...
Improving Reimbursement for Remote Patient Monitoring and Medical Devices by Leveraging Real World Data
The diagnostic industry is benefiting from new innovation and data collection opportunities provided by telemetry, wearable diagnostics, and remote patient monitoring devices. These devices are collecting more patient diagnostic and monitoring information than ever before. They also help to save time in the diagnosis and treatment process, reduce healthcare costs, and help physicians monitor...
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