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Articles: November/December 2003
 

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2003 Practice of the Year
An established quality assurance program, a commitment to community education, and a dedication to providing their patients the most comprehensive care possible are just a few of the reasons that Southern Indiana Pediatrics was voted the Grand Prize Winner of the 2003 Practice of the Year competition by our panel of judges.

Claims Made Fast and Easy
As a quick search of the Internet or a visit to a trade show will tell you, there are hundreds of companies selling software to help physicians' offices process medical claims. Each one promises that it can help you increase revenues, slash administrative overhead, speed up your revenue cycle, and even achieve the ultimate goal of a paperless medical practice. With so many vendors to choose from, how do you separate fact from hype?

Coding Questions? We've Got the Answers

Managing Payer Contracts
Gone are the days when physicians could simply trust that they were getting paid fairly, or in accordance with their payer agreements. Unless your practice has a systematic means to identify these payment problems and resubmit your claims, you may be out of luck.

Reel in the Best Hires

Should You Outsource?
More practices are electing to contract for management services with outside organizations, such as management services organizations (MSOs) and local consulting firms. How can you decide if such an arrangement can benefit your practice?

Spread Your Money Around
People talk about diversification without really understanding what it means. You can own numerous assets yet still not be diversified, because diversification is about owning the right combination of investments.

The 'Gray Area' of Malpractice
Physicians concerned with avoiding litigation need to realize that tort claims extend well beyond the range of formal lawsuits. In other words, there is what I call a "gray area" in which physicians have the opportunity to take steps to avoid having patient dissatisfaction, an accident, or the discovery of an error elevate to a full-blown lawsuit.

Your Electronic Billing Office
You've read lots of information about electronic medical records, but it's high time that the same thought be given to automating another core function of your practice - billing. An "electronic billing office" can save you money on paperwork and manual processes, and can improve cash flow.

 
 


 

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