How A Single Physician Medical Practice Can Start A Card Payment System

Starting in 2017, physicians will have to deal with the Merit-Based Incentive Payment System (MIPS). MIPS is intended to measure the performance of Medicare Part B providers in four different performance areas (30% by VBM-measured resource use (claims data), 30% by VBM-measured quality (PQRS data), 25% by Meaningful Use (EHR data), and 15% by a newly introduced “clinical practice improvement” measure). Providers will then be given a score between 0 and 100. These scores will impact practices in a couple…

2. Describe 4 limitations to traditional (paper-based) medical record systems and discuss how electronically stored data can overcome each limitation. Pg 50. a) Pragmatic and logistical issues: Can I find the data when I need them? Can I find the medical record in which they are recorded? Can I find the data within the record? Can I find what I need quickly? Can I read and interpret the data once I find them? Can I update the data reliability with new observations in a form consistent with the requirements…

PAYMENT CARDS INTRODUCTION Payments system all over the world has experienced a period of dramatic change. Consumers, businesses, and government are moving away from paper checks and towards electronic forms of payment. Technological advances and competitive forces are fundamentally altering the payments landscape, with important implications for efficiency, safety, and access. A payment card is a device (embossed plastics) that enables its owner (the cardholder) to make a payment by electronic…

Whether it be using cash or a credit/debit card, we spend thousands of dollars each year on various items. Similar to individuals, companies squander up plenty of money as well. However, companies typically primarily on the usage credit cards. Credit cards have developed into a necessity for the majority as it is easier than having to reimburse employees if they pay with cash. Unfortunately, credit cards are a means we should avoid due to the concept that payments are commonly not made punctually. As a…

BANCO DE GUATEMALA PAYMENT SYSTEM OF GUATEMALA: EVALUATION AND MODERNIZATION PROPOSAL Guatemala, October 2004 I N D EX INTRODUCTION………………………………………................................ I. 1 CONCEPTUAL AND PHILOSOPHICAL ASPECTS OF A PAYMENT SYSTEM…….……………………………………………………………..……... 2 1. 1.1 1.2 1.3 1.4 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 2. 2.1 2.2 3. 3.1 3.2 4. 5. 6. 7. Generalities………………………………………………………..…….. Definition………………………………………………………………..….. Importance…………………………………………………………………. Characteristics…

Medicine is a study of human life, how our body functions, how we get sick, why we get sick, and how to cure and treat diseases. The practice of medicine started a long time ago among Egyptians who were far ahead of their time and it went on to the Greeks. The systematic training of physicians in universities started around the year 1220 in Italy, and it went on developing until today. Many people want to be in this profession for different reasons. The top two reasons are first, to secure their…

What is a Single Payer Reimbursement System? Single payer reimbursement is a health care financing system that “includes both the collection of money for health care and reimbursement of providers for health care costs.” In such a system, the government or a quasi public agency is the entity that bears full responsibility of collecting funds and reimbursing appropriate parties, but the provision of care remains in private hands. Through taxpayer funds, the government collects money from individuals…

September 8th, 2014, Home Depot released a statement indicating that its payment card systems were breached. An investigation had started on September 2nd but they were still trying to discover the actual scope and impact of the breach. Home Depot was one of the many victims to a retail data breach in 2014. The unfortunate thing is the way the attacker’s infiltrated the POS networks and how the attackers were able to steal the payment card data, were the same methods used in the Target data breach. By ignoring…

advantages and ways that a single physician medical practice can start a card payment system. According to the research firm Javelin Strategy and Research; by the year 2017, twenty-three percent of all point of sale or counter sales will be made in cash ( Brooks, 2014). What this means is that over seventy percent of counter sales or point of sale transactions will be made electronically. It is, for this reason, prudent for all forms of business to ensure that they can evolve with the market. If…

Synthesis #1: Describe how Narrative Medicine can improve the Physician-Patient relationship? This past’s week’s articles and video’s has shown me the differences between two models of care one being the biomedical model versus the biopsychosocial model (Soupis, 2016). Both of these models have value however, distinctively different in their theoretical frameworks of how they deliver patient care within the underlying roles that exist in the patient physician relationship. As I watched all the video…