The medical insurance billing debate continues and many believe that the traditional mode of fee-for-service reimbursement, where individual services are billed and paid separately, may be on its way out. On the other end of the spectrum, capitation, where a lump sum is paid per patient, regardless of what services are performed, never gained real support. The middle ground may be bundled s ... Read More ->
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Fine Tune Your Revenue Cycle With a Thorough Billing Assessment
One major challenge of medical practice management is balancing excellent patient care with the necessity to run an efficient business. Last month we talked about how benchmarking can give you an overall picture of your practice's financial health while establishing financial goals to strive for. Another important process that should be performed yearly (at a minimum) is a thorough billing ... Read More ->
Is Your Medical Practice Accidentally Losing Money?
Medical Practice Operations and Your Bottom Line In these times when medical practices are seeing decreased and declining revenues, it is essential to review your practices operations and ensure that you have what we like to call "best practices" in place. A successful medical practice requires many important moving parts, but at times some become less essential, or even a hindrance. It is not ... Read More ->
How Can Your Medical Practice Remain Profitable Under the Affordable Care Act (ACA)?
With so many still debating how this new legislation will affect a medical practices bottom line, many physicians are left questioning their ability to accept new patients covered under the Affordable Care Act. Physicians need to know how their practices are likely to, or have already been affected and what they can do to remain viable. Some of the main challenges facing medical practices include ... Read More ->
Tips to Increase the Profitability and Efficiency of Your Medical Practice
Providing excellent service and patient care is a priority for a medical practice. Running a profitable and efficient business as well can become a juggling act if you do not have the right staff and systems in place. Want to know if your practice is reaching its full revenue potential? Begin with a complete medical practice assessment that will allow you to look at every aspect of your ... Read More ->
