MGMA Week in Review: Valentines Day, Reimbursement Audits, and Heart Health
Download MP3In this episode of the MGMA Week in Review podcast, host Daniel Williams discusses the importance of financial accuracy in healthcare organizations through regular audits of payer payments. He also addresses the challenges faced by women physicians and highlights the role of the MGMA Women's Forum in advancing gender equity in medicine. In recognition of Valentine’s Day, Daniel shares key insights on heart health and practical steps for cardiovascular well-being.
Key Topics Covered:
The Importance of Regular Audits for Accurate Reimbursement
- 47 percent of medical group practice leaders conduct monthly or quarterly audits of payer payments.
- Auditing helps detect underpayments, claim denials, and inconsistencies in reimbursements.
- Suggested actions for healthcare organizations:
- Implement structured audit processes to compare payer remittances with contracted fee schedules.
- Use automated auditing tools in revenue cycle management.
- Conduct retrospective audits of claims to identify patterns of underpayment.
- Read More Here
Advancing Women Physicians in Healthcare
- Women physicians face higher rates of burnout, depression, and suicide compared to their male counterparts.
- Sponsorship and allyship are essential for increasing leadership opportunities and professional recognition.
- The MGMA Women’s Forum provides networking, resources, and support for women in healthcare leadership.
- Join the MGMA Women’s Forum
Heart Health Awareness for Valentine’s Day
- Cardiovascular disease remains the leading cause of death in the United States.
- Simple heart-healthy choices for Valentine’s Day:
- Choose nutritious meal options over heavy, processed foods.
- Opt for dark chocolate, which offers cardiovascular benefits.
- Engage in physical activity such as walking or exercise.
- Learn CPR, a life-saving skill that can make a difference in emergencies.
- Heart Health Tips
Stay Connected
- Subscribe to the MGMA Week in Review podcast for future episodes.
- Join the Conversation: Sign up for MGMA Stat to participate in weekly polls.
- Follow MGMA for the latest insights in medical practice management.
For more information or to suggest a topic, visit MGMA.com.
Host: Daniel Williams
Podcast Website: MGMA Podcasts
Podcast Website: MGMA Podcasts
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Inflation is squeezing medical practice budgets, but as the exclusive GPO of MGMA members, we can help your practice save up to 20% on medical and non-medical supplies without sacrificing quality. MGMA BestPrice is your secret weapon to combat rising costs, maintain margins and deliver exceptional patient care. It is a FREE member benefit leveraging HealthTrust’s contract portfolio to connect you with the most aggressive pricing in the industry for medical and surgical supplies, pharmaceuticals, vaccines and purchased services. Visit mgmabestprice.org today to learn how MGMA BestPrice can help your medical practice save money on supplies you already buy
