For the past 10 years, Medicare and Medicaid physicians have seen their profit margins shrink from 25% to just under 6%. Much of this change has been attributed to increasing complexity in recording and coding systems. Mentioned here, DragNet Technologies has
"announced the availability of their downloadable        medical billing code lists directed toward the needs of healthcare        providers all across the United States, especially in the Home Health        arena." The article further mentions that "DragNet's        goal is to arm healthcare providers in our country with the necessary        information to get paid - and get paid quickly - for the services they        have provided to Medicare and Medicaid patients"
Hopefully this will help Medicare and Medicaid physicians, and create a trickle down effect to help patients. With increased ease, more physicians maybe inclined to participate in these programs. 
Wednesday, October 22, 2008
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