Guest guest Posted February 13, 2012 Report Share Posted February 13, 2012 eMDs users, Any troubles with claims. and I are about to upgrade to 7.2.1 from 7.0 because meaninful use prevented the upgrade and have been waiting for new computers in the exam rooms and fax server running Windows 7 and XP respectively. We have not been able to successfully send EDI transactions since 12/30/2011. What steps are needed other than upgrade? I updated our zip code for our clinic and hospital and nursing home. Any other changes? Sincerely, Subject: Re: Percentage of Revenue as RENT?To: Date: Monday, February 13, 2012, 6:26 AM , These are not easy questions to answer. I am just getting my arms around what it would actually cost to own a property. Paying rent to your own LLC seems reasonable, but taxes, depreciation, and interest are not straight forward as it may seem. I like getting the cost down to $/sqft/year. But you raise good points as landlord it is hard to move a building, hardeer to move practice and building. The point that intrigues me is the $16.60 number. I have been looking at lease deals for 8 years and have not really known what was the break even point to know a good buy. With the current offer from our hospital at $25 with annual 3% increase, it seems I would be saving $10,000 per year if I built a small office across the street. My next consideration is location, location, location. The $10,000 of revenue difference is approximately 117 visits/year. So if location is better, more convientient for patients, then should also have more visits. By the same token, $30,000 rent is 365 visits. but $60,000 starts to break the bank at 720 visits (roughly 1/3 of our patient traffic). So, what percentage of revenue is reasonable for rent?-- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 13, 2012 Report Share Posted February 13, 2012 The only problem we had was when we went to 5010. Our clearing house told us that we were converted, but we weren't and we went a couple weeks without claims going through. All OK now. We just another upgrade last week. ________________________________________ From: [ ] On Behalf Of Egly [kevin_egly@...] Sent: Monday, February 13, 2012 6:40 AM To: Subject: Re: eMDs and 5010? eMDs users, Any troubles with claims. and I are about to upgrade to 7.2.1 from 7.0 because meaninful use prevented the upgrade and have been waiting for new computers in the exam rooms and fax server running Windows 7 and XP respectively. We have not been able to successfully send EDI transactions since 12/30/2011. What steps are needed other than upgrade? I updated our zip code for our clinic and hospital and nursing home. Any other changes? Sincerely, Subject: Re: Percentage of Revenue as RENT? To: Date: Monday, February 13, 2012, 6:26 AM , These are not easy questions to answer. I am just getting my arms around what it would actually cost to own a property. Paying rent to your own LLC seems reasonable, but taxes, depreciation, and interest are not straight forward as it may seem. I like getting the cost down to $/sqft/year. But you raise good points as landlord it is hard to move a building, hardeer to move practice and building. The point that intrigues me is the $16.60 number. I have been looking at lease deals for 8 years and have not really known what was the break even point to know a good buy. With the current offer from our hospital at $25 with annual 3% increase, it seems I would be saving $10,000 per year if I built a small office across the street. My next consideration is location, location, location. The $10,000 of revenue difference is approximately 117 visits/year. So if location is better, more convientient for patients, then should also have more visits. By the same token, $30,000 rent is 365 visits. but $60,000 starts to break the bank at 720 visits (roughly 1/3 of our patient traffic). So, what percentage of revenue is reasonable for rent?-- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 13, 2012 Report Share Posted February 13, 2012 ,Are you using Gateway? Did you try a manual upload of a file? Is the file path set up correctly (both for saving the file and uploading the file)? We have been successfully uploading since mid-December both claims and invoices. Are you using street addresses and not PO boxes? Gateway has a link once you are logged in that gives you the most common errors. Pratt eMDs users, Any troubles with claims. and I are about to upgrade to 7.2.1 from 7.0 because meaninful use prevented the upgrade and have been waiting for new computers in the exam rooms and fax server running Windows 7 and XP respectively. We have not been able to successfully send EDI transactions since 12/30/2011. What steps are needed other than upgrade? I updated our zip code for our clinic and hospital and nursing home. Any other changes? Sincerely, Subject: Re: Percentage of Revenue as RENT? To: Date: Monday, February 13, 2012, 6:26 AM , These are not easy questions to answer. I am just getting my arms around what it would actually cost to own a property. Paying rent to your own LLC seems reasonable, but taxes, depreciation, and interest are not straight forward as it may seem. I like getting the cost down to $/sqft/year. But you raise good points as landlord it is hard to move a building, hardeer to move practice and building. The point that intrigues me is the $16.60 number. I have been looking at lease deals for 8 years and have not really known what was the break even point to know a good buy. With the current offer from our hospital at $25 with annual 3% increase, it seems I would be saving $10,000 per year if I built a small office across the street. My next consideration is location, location, location. The $10,000 of revenue difference is approximately 117 visits/year. So if location is better, more convientient for patients, then should also have more visits. By the same token, $30,000 rent is 365 visits. but $60,000 starts to break the bank at 720 visits (roughly 1/3 of our patient traffic). So, what percentage of revenue is reasonable for rent?-- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 13, 2012 Report Share Posted February 13, 2012 ,I upgraded to 5010 about 4 weeks ago. I did initially have a lot of rejected claims which were related to Medicare’s address (all has to be on line #1—nothing on line 2 and the zip has to be zip+4). I then got some rejections with Medicaid for the same reason. All other claims seem to be going through ok. From: [mailto: ] On Behalf Of EglySent: Monday, February 13, 2012 8:40 AMTo: Subject: Re: eMDs and 5010? eMDs users, Any troubles with claims. and I are about to upgrade to 7.2.1 from 7.0 because meaninful use prevented the upgrade and have been waiting for new computers in the exam rooms and fax server running Windows 7 and XP respectively. We have not been able to successfully send EDI transactions since 12/30/2011. What steps are needed other than upgrade? I updated our zip code for our clinic and hospital and nursing home. Any other changes? Sincerely, Subject: Re: Percentage of Revenue as RENT?To: Date: Monday, February 13, 2012, 6:26 AM , These are not easy questions to answer. I am just getting my arms around what it would actually cost to own a property. Paying rent to your own LLC seems reasonable, but taxes, depreciation, and interest are not straight forward as it may seem. I like getting the cost down to $/sqft/year. But you raise good points as landlord it is hard to move a building, hardeer to move practice and building. The point that intrigues me is the $16.60 number. I have been looking at lease deals for 8 years and have not really known what was the break even point to know a good buy. With the current offer from our hospital at $25 with annual 3% increase, it seems I would be saving $10,000 per year if I built a small office across the street. My next consideration is location, location, location. The $10,000 of revenue difference is approximately 117 visits/year. So if location is better, more convientient for patients, then should also have more visits. By the same token, $30,000 rent is 365 visits. but $60,000 starts to break the bank at 720 visits (roughly 1/3 of our patient traffic). So, what percentage of revenue is reasonable for rent?-- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted February 13, 2012 Report Share Posted February 13, 2012 and , Thanks for the thoughts. I will make sure address is on one line. My clearing house is Availity and they claim to be 5010 compliant, but could not tell me why claims were not going through. eMDs claims 7.2 is compliant so I am waiting for my upgrade from 7.0 to rebill with zip+4 codes added. Thanks, Quote Link to comment Share on other sites More sharing options...
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