Healthcare Business Management Association - HBMA
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January - February 2011 •
Volume 16, Issue 1
Develop a Sound Business Plan for the Year
Message from the President
By Jackie Willett, CHBME
One of the most significant outcomes of the economic downturn has been a renewed focus on improving organizational efficiencies. Companies are trying to operate leaner to realize or maximize profitability. In our industry the human resource expense is one of the largest expenditures. We find ourselves having to make sure our foundation is solid with an organizational structure that will optimize efficiencies. Click for more

HBMA News
News from Around the World of HBMA
HBMA Editors
HBMA Upgrades its Certification Program for 2011; Region Contacts for 2011 Announced Click for more

Impact of Patient Payment Compliance for Billing Services
Billing Services
By Bill Marvin
The rise of consumer-directed healthcare and health plan deductibles has led to a dramatic increase in patient payments and the use of payment cards such as credit/debit and cards attached to health savings accounts (HSAs) and flexible spending accounts (FSAs). Historically, the healthcare industry had processed relatively small quantities of payment cards. Click for more

The 5 Stages of EHR Adoption
By Mark R. Anderson, FHIMSS, CPHIMS
Breznikar's Law of Computer Technology
For the past 20 years, physicians have been automating portions of their practice. In the 1980's through the 1990's, physicians selected and installed Practice Management Systems (PMS). These PMS applications were designed to help the physician track patient demographic, insurance, and payment information. Click for more

Acquisition Leadership
In the Healthcare Billing Industry
By June Covington, MA, Doctoral Candidate
This article highlights the perspectives of these leaders related to acquisition activity in the healthcare billing industry and they share some of their experiences and lessons learned as buyers and sellers. They also underscore the importance of technology to the billing industry and as a strong consideration in acquisition activity, and discuss when M&A makes sense as an exit strategy. Click for more

Compliance in the Client-Billing Company Relationship
Compliance Issues
By Cindy Pittmon
Compliance is defined as "being in accordance with a wish, request, demand or rule." That covers a broad spectrum. In medical billing, compliance can mean everything from being in accordance with recommended practices to not violating federal law. It is not surprising that there is often confusion about what compliance really means to a biller. In this article I want to answer some common compliance questions relating to our billing clients and our relationships with them. Click for more

Cardiac Catheterization Code Changes Take Center Stage
Coding Corner
By Jackie Miller, RHIA, CCS-P, CPC, PCS
The 2011 edition of the CPT® manual brings drastic changes for cardiology, including new codes and coding guidelines for the most commonly performed cardiac catheterization procedures. In this column we'll take a look at the new heart cath codes and how they differ from the previous set. Click for more

The New Challenge in the Workplace
Managing Multiple Generations
By Dave Jakielo, CHBME
For the first time in history we have four generations working together in today's businesses. As a result, leaders must adjust their management style to fit the individual needs of employees from each generation. Click for more

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