If not managed correctly, the many details that physician practice owners are responsible for create significant risk. Utilize this article to help you prioritize issues you need to address now to ensure that your medical practice is ready for continued success.
Non-clinical staff play an important role in ensuring a practice runs smoothly and provides high-quality patient care. Keep these tips in mind when assembling your practice’s staff.
Take time to clarify the midpoint rule, review CMS’s proposed guidelines for Evaluation & Management, and ask why you’re being instructed to change billing codes.
Four simple steps can increase collection of patient balances while also preserving the practice-patient relationship.
A growing number of physicians are getting a master’s in business administration to learn the business of medicine.
Physicians' legal and financial planning must properly protect their assets, businesses, and family. These basic questions about your planning will help you determine if you've done enough.
Coding expert Bill Dacey explores coding for ongoing wound care and unexpected, extended care for a diabetic patient.
Untap hidden revenue and stop leaving money on the table by reviewing your Evaluation & Management coding.
Is a phone message sufficient to use the TCM coding series? Plus, guidance on advanced care planning codes.
When determining the value of a practice, several factors should be considered, including historical growth, forecasting future performance, and practice size.
Doctors are paying more attention to building and retaining personal wealth than ever before. Understanding some core legal concepts about protecting assets and managing risks is a key part of that education.
The decision of whether to keep billing in-house or outsource is not always about cost. It’s about the value realized for the expense and the risk of not getting it right.
Investing a small amount of time in examining business competitors can pay big dividends for practices.
Understand why the “100 deadliest days” could affect physicians and practice staff personally and professionally.
A few easy-to-fix mistakes lie behind most denied or returned insurance claims.
Money can leak out of practices in surprising ways. Analyzing your data can show where you’re losing income.
It’s spring, so that means keeping an eye on seasonal exposures, particularly IRA funding, automobile liability, and even medical marijuana business profits.
Here are nine tips that can help physicians maximize revenues and sail smoothly through tax season into next year.
Coding expert explains why we don't typically see a 99397 and an AWV, and why Medicare discourages this from happening.
What is time-driven activity based cost accounting and how does it help your practice understand the cost of seeing a patient?
April 15 is around the corner. Here are mistakes, scams, and misinformation to know when filing your taxes.
An in-depth look at some of the most common billing mistakes in health care and what practices can do to avoid them.
Physicians are stuck choosing between the lesser of two evils when it comes to payments and reimbursement.
Medical practices are carrying more financial waste than they realize, according to experts. Here are a few areas to trim the fat.
Entering a new employment agreement? Here's why and how you need to plan your exit strategy as soon as possible.
