Billing & Collections

In medical practice, a cottage industry has developed, which is dedicated solely to legal “fault finding” without regard to equity.

The level to which nonphysician providers can help a medical practice’s bottom line depends on how well thought-out the plan was for hiring them.

In reviewing physicians' portfolios, I see many of the same investment mistakes over and over. Here are six of the most common, and how you can avoid them.

On May 1, Physicians Practice received an e-mail that contained the official statement from a CMS spokesperson regarding the new implementation date.

From a sample patient dismissal letter to an RVU calculator; these 10 resources will help your practice operate in a more efficient and compliant manner.

Financial planning requires constant re-evaluation of many data inputs coupled with new assessments and actions.

The significant value of physician/physician assistant teams is confirmed by a recently published MGMA report.

Small ways to foster smart money skills in your children during the various stages of childhood and young adulthood.

Payers are using deceptive methods to get medical practices to accept low rates and new plans. Don't fall into the trap.

Use this sample patient credit card authorization policy to ensure your medical practice is able to collect what it is owed.

In this podcast, consultant Susanne Madden shares how medical practices can store patient credit card numbers securely and effectively.

Patient credits are part of the bigger picture of managing a healthy practice. Manage them right, and everyone walks away happy.

Workers' compensation carriers are banking on the fact that at some point medical practices will give up and walk away.

Physicians and medical practice staff must be able to differentiate between preventative and diagnostic services in order to avoid a loss in revenue.

The ICD-10 implementation delay was cause for celebration for many medical practices, but it angered and frustrated many in the healthcare industry.

Robert Tennant, senior policy adviser of government affairs for the Medical Group Management Association, discusses the ICD-10 delay.

The 90-day “payment grace period” for exchange insured patients puts physicians at risk for 60 days if patients don't pay their premiums.

Payers know that correctly writing down every patient encounter is difficult for physicians, if not impossible. Therefore, exploiting this is easy for them.

The CBO says tacking a five-year delay to the individual mandate to the SGR fix will result in 13 million more uninsured and cost $138 billion.

Here are some very basic strategies that may help medical practices to do a better job of collecting payments from patients.

Here are some common scams to steal money from your medical practice and some strategies to avoid it happening in the first place.

The ICD-10 transition will require practices to spend time and money, but doing so now will keep your practice from having to commit even more time or money after October 1.

Insurance companies are being sneaky about keeping your money. Here are some of those secrets they'd rather you not know, and what you can do about it.

Much like medical practices, revenue cycle solutions are trying to keep up with regulations and other healthcare changes. Here's what you need to know.

Value-based payment legislation would reward compliance over physician performance, stripping the value from healthcare delivery reform.

Smart purchasing decisions at medical practices require an appropriately broad view of the needs and alternatives.

Family physician L. Gordon Moore shares eight efficiency improvement tips for medical practices.

Physicians are facing many fears. Prime among them is an uncertain financial future. Anesthesiologist David Norris recommends acquiring sound business skills.

As a physician, I will be the champion for the ICD-10 transition and keep staff calm. But even I have some serious reservations about what lies ahead.