The Centers for Medicare & Medicaid Services (CMS) are a near-constant presence in the lives of orthopaedic doctors. Without the ability to process Medicare and Medicaid payments, a clinic would quickly find itself having difficulty keeping its doors open. In fact, according to a publication from CMS, 20 percent of health spending funds came from Medicare in 2017, and a further 17 percent came from Medicaid. Combined, Medicare and Medicaid spending outpaced private health insurance spending in 2017 (which was a 34 percent share).
Because they’re enacted at a federal level, CMS standards play a significant role in an orthopaedic clinic’s ability to collect Medicare and Medicaid payments regardless of where in the U.S. the clinic is based. The major challenge is that CMS federal regulations are continuously changing.
As the CMS 2018 Program Requirements page states, the agency is focused on “improving patients’ access to health information and reducing the time and cost required of providers to comply with the programs’ requirements.” To this end, CMS makes periodic changes to their regulations.
Naturally, these ever-changing standards can make it somewhat difficult for orthopaedic doctors to ensure they can collect healthcare CMS payments. However, having an Electronic Health Record (EHR) solution that is customized for orthopaedic clinics can prove immensely helpful for meeting CMS regulations and ensuring easy collection of Medicare and Medicaid payments.
Normally, one might not expect an EHR to be a critical tool for complying with CMS regulations—at least, not beyond fulfilling the need for documentation. However, Phoenix Ortho’s orthopaedic-specific EHR solution goes beyond simply supplying software. In addition to providing an EHR solution that makes documenting patient encounters fast and easy, Phoenix Ortho helps orthopaedic practices meet their regulatory compliance standards by:
Between the personalized on-boarding plan and the CMS services provided by Phoenix Ortho’s CMS expert, clinics can make enormous strides in their compliance with CMS standards.
Need help meeting CMS regulations to ensure the collection of Medicare and Medicaid payments? Talk to a Phoenix Ortho CMS specialist today!