Billing & Collections

The teenage years are a critical time for children to gain financial independence. Here's how physician parents can help.

Physicians should start fostering money skills in their children from a young age. Here are some techniques to try.

If your medical practice is among those only partially ready or just in the initial stages of an ICD-10 transition plan, it's time to get moving.

Physicians should take some special precautions if they expect a substantial inheritance. Here's why.

Revenue cycle management can be the key to boosting the financial performance of small medical practices. Here's how.

There's no more putting it off. If your practice hasn't started preparing for ICD-10 it's already behind. Here's how to catch up.

Although investment returns rarely are consistent year by year, we can make assumptions based on annualized returns over a period of many years.

You know your medical practice staff member deserves a raise, but the timing isn’t right. Here are some alternatives experts recommend.

Taking the opportunity to review your financial life now could make for a better 2015. Here are 10 questions all physicians should be asking themselves as the year comes to a close.

Patient deductibles will continue to rise to record levels in 2015. Here's how to prepare your practice.

Physicians may want to think twice prior to purchasing dental insurance. Here's why.

New risk-contracting discussions are now occurring between providers/hospitals and the pharmaceutical and medical device industries.

Here are some common reoccurring issues at the end of each year your practice needs to know about and act on properly.

Start 2015 off on the right foot. Here are 12 ways medical practice experts say your practice can collect more from patients.

Umbrella coverage is one of my first and strongest recommendations to physician clients. Here's why.

Although there are many ways to save for a child's college education, I recommend that my clients consider these two methods.

For medical practices with clinical laboratories, compliance with formal proficiency testing must be a priority.

An accurate, useful budget can help physician owners and medical practice administrators make sound, strategic, and disciplined choices.

Physician clients often ask whether it is wiser to pay off debt or invest in the stock and bond markets. Here's what I tell them.

One important skill that helped you become a physician can also help you become financially successful. Unfortunately, many forget it after residency.

Ancillary services, like toxicology screening, are part of good patient treatment. So let’s stop scolding docs for getting paid for doing it.

I have been thinking about the several dozen families in my financial practice that are wealthy, and I have noticed some common themes.

A new survey reveals most physicians feel Medicare quality improvement programs are ineffective, too complex, and too burdensome for physicians and staff.

Common types of financial trauma suffered by physicians, and my prescription for how to avoid them.

A change by CMS to its claims submission process for Medicare Advantage affects both physicians and their practices. Here's what you need to know.