Turning Problems into Profits

Insurance Billing for Optometrists

Billing Services for Optometry

Posted by on Jun 4, 2022

OBS was the first billing company in the country dedicated solely to optometry, and we’ve remained the industry leader since our beginnings in 2005. With clinics in over 40 states,...

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Learn More About OBS

About OBS:  Turning Problems into Profits

Posted by on Jun 4, 2022

Optometric Billing Solutions was founded on a mission to help doctors regain financial control over their insurance billing.  Our team of over 100 experienced billing specialists...

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Outsourcing Your Billing

Outsourcing: What You Need to Know

Posted by on Jul 7, 2022

Do you need help with your billing but have concerns about turning it over to an outside company?   You are wise to be cautious!  We get frequent calls from optometrists who have...

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Practice Pointers

Practice Pointers: Helpful hints for successful billing

Posted by on May 7, 2022

Practice Pointers is a series we recently published with great billing tips for busy practices. We’ve included some of the most popular posts here.      ...

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Recent Posts

FREE IMAGES FOR YOUR FACEBOOK PAGE

Many practices use Facebook as a great tool to stay connected with their patients.  However, coming up with informative posts and interesting graphics is always a challenge, so OBS decided to help!   We got creative and made dozens of royalty-free marketing, inspirational, educational and holiday graphics for you to use on your Facebook page!  The images can be used alone or in conjunction with your own content.  This was so much fun, we’ll do it again, so bookmark the page to check back later. Click on the picture below to preview and download images.  Enjoy!

Deadline approaching to avoid Medicare MIPS penalty in 2019

The Centers for Medicare & Medicaid Services’ (CMS’) new Merit-based Incentive Payment System (MIPS) reporting year began Jan. 1, 2017.  In order for doctors to avoid penalties for failure to report, they must take steps before December 31.

Doctors who do not report in 2017 will be assessed a 4% penalty on their Medicare reimbursements in 2019.  However, this can be avoided but reporting ANY data this year. You can avoid the penalty by reporting just one Clinical Practice Improvement Activity or one Quality Measure for one patient you see before December 31, 2017.   For more information, visit the AOA website.  Besides the AOA, CMS and your practice management software vendor are other good resources.

The AOA reports 81 percent of doctors of optometry are currently receiving a 2 percent payment penalty for failure to meet CMS Physician Quality Reporting System program requirements in 2015.   Doctors who fail to report under MIPS will continue to see their payment reductions increase to a max of 9% or their reimbursements in 2022 based upon their 2020 MIPS performance.  As an external billing company, OBS has little to do with your this side of your practice since it involves internal reporting of patient care.  However, we do see the reductions taken from your Medicare payments if you are not currently participating and would encourage you to take steps to avoid future penalties.  Besides the AOA, CMS and your practice management software vendor are good resources for additional information.