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September - October 2008 •
Volume 13, Issue 5

Wow, What a Conference
Message from the President
Ken Goodin, CHBME
Many of us just returned from the Paradise Point Resort & Spa in San Diego where we held our 2008 Fall Conference and Business Meeting. Over 200 people attended—more than ever for a non-Vegas venue. We also had the most first-time attendees in the history of this conference. It was a great opportunity to network and I enjoyed making new friends in addition to seeing a lot of old friends. Click for more

Financial Statement Standardization
How to Take Advantage of This Valuable Management Tool
By Ted Stack
When asked to help put some thoughts together on the “standardization” of financial statements in the medical billing industry, I was encouraged to see that an issue which I have been concerned about for years has become an important topic for the HBMA membership. The goal of discussing the concept of “standardization” in financial statement preparation and presentation is not to have all companies report “all” their financial statements the same, but rather to build an understanding of the differences in certain presentations and begin to gain awareness of the benefits of each. Click for more

News from Around the World of HBMA
Praise for the Worthy! HBMA 2008 Awards; Congratulations! To the Newly Elected Board Members. Three-year terms begin January 1, 2009; HBMA O&M Executive Conference information. Click for more

Could There Have Been More Fun?
HBMA 2008 Fall Conference
By James Monroe, Nitin Thakor, and Jon Noel
What? Are you serious? I missed the phenomenal Fall Annual Conference? Well, as disappointed as I am in not experiencing the conference firsthand, thankfully some good folks such as Nitin Thakor of GeBBS Healthcare Solutions and Jon Noel of InstaMed attended and took good notes. Not only did they take good notes, they shared their experience. Click for more

Busting the Four Myths of Marketing
How to Integrate Marketing into Your Entire Organization. Part 1 of 2
By Peggy Wagner, CRA
Whether you are a small single-specialty billing company or a large multi-specialty national billing company, marketing should play a key role in your business development. Click for more

Building a Strong Compliance House
Start with a Firm Foundation
By Karen L. Collier, J.D., CHC
Building a true culture of compliance into your operations is the single most effective way to ensure an effective compliance program—one where employees know what they are supposed to do and do it, where they can easily recognize when something’s not right, and where they will bring problems and questions to management’s attention, knowing they will be addressed and corrected. Like constructing a high-quality home, building such a culture takes the effort of many people, clear vision, good planning, and attention to all the details. Click for more

Cash is King
Collecting Self-Pay Balances
By David F. Jakielo, CHBME
You cannot pick up a paper today without reading about the 47 million Americans who lack healthcare insurance. Well, that is only the tip of the iceberg for billing companies trying to collect payments. Yes, there may be that many people without any third party coverage, but there is a much larger group of individuals that fall into the “self pay” category. And they pose a huge challenge for billing companies. Click for more

Diagnostic Electrophysiology Studies
By Jackie Miller, RHIA, CPC, PCS
In the May/June coding column we discussed diagnostic electrophysiology (EP) studies of the right heart. This column discusses studies involving the left heart, as well as some related ancillary services. Click for more

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