Billing Blunders
It's not enough to have the "right" number of support staff or the "right" billing system. Whatever the structure of your billing operation and regardless of your human or financial resources, to bill accurately and get paid promptly, you must keep a broad perspective on the entire billing process — seeking out chronic mistakes and acting to fix them.
Cost Sharing
Sometimes the stack of legal documents required for physician partnership agreements can reach over an inch in height. But one piece of paper is the most important document in the whole stack. That document is the "Allocation of Expenses" page and, as its name indicates, it defines how practice expenses will be allocated to the physicians.
Decisions, Decisions
Why does an intelligent, educated person make irrational decisions when faced with risky choices? It is a question physicians, financial advisers, and behavioral researchers ponder regularly.
Dividing Overhead
No one believes they are getting a fair shake when it comes to sharing overhead costs. And that can lead to serious trouble. The good news is, there are some standard models for dealing with overhead costs. The model you use depends on your objectives — and the obstacles you face.
EMR Shopping?
Picking out an EMR is not going to be as quick and simple as you might have hoped. But there are some methods for easing the process.
Financial Checkup
Financial success for a physician practice seems, on the surface, like a simple matter: revenue has to be higher than expenses. The trick lies in understanding what to measure – and what to change – to make sure you are hitting the right balance of income and costs.
House Calls Make a Comeback
Think the only place physicians make house calls is in the "classic TV" shows of the 1950s and '60s? That may be changing. With the graying of America comes a growing population who find mobility increasingly difficult. One solution? Companies that employ house-calling physicians to provide a much-needed service to frail, elderly, or disabled patients who can't get to the doctor's office.
Malpractice Malaise
An update on the medical malpractice crisis and what you can do
Staff in Conflict
When staff conflict is causing problems and needs resolving, there are steps you can take to ease an often-uncomfortable process.
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