Talk Ten Tuesdays

Five Ironclad Strategies for Avoiding Revenue Loss

Timothy Powell, CPA | Laurie M. Johnson, MS | Tiffany Ferguson, LMSW | Susan A. Vestevich, Esq. | James S. Kennedy, MD Season 13 Episode 550

Is your facility suffering from revenue loss? If so, you’re not alone. A study by the Journal of the American Medical Informatics Association (JAMIA) found that clinics can experience a 10 to 30 percent decrease in revenue due to coding errors alone, losing up to $125,000 per year. Moreover, the American Medical Association (AMA) estimates that coding errors cost the healthcare industry approximately $36 billion annually in lost revenue, denied claims, and potential fines.

During the next live edition of Talk Ten Tuesdays, Susie Vestevich, COO for TiaTech, will report on how errors are costing facilities and practices significant revenue losses. But she will also report on how five, ironclad strategies can be implemented to help prevent such losses. Her revenue cycle report is part of an ongoing services presented by TiaTech, USA and ICD10monitor.

The live broadcast will also feature these other segments:

  • Coding Report: Laurie Johnson, senior healthcare consultant with Revenue Cycle Solutions, LLC, will have the latest coding news.

  • SDoH Report: Tiffany Ferguson, a subject-matter expert on the social determinants of health (SDoH), will report on the news that’s happening at the intersection of coding and the SDoH.

  • News Desk: Timothy Powell, CPA, will anchor the Talk Ten Tuesdays News Desk.

  • Point of View: James S. Kennedy, president of CDIMD -Physician Champions, who will guest cohost Talk Ten Tuesdays, will report on a subject that has caught his attention during this popular segment.

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