Billing & Collections

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.

"Better-performing medical practices" excel in four performance categories, according to the MGMA. How does your practice stack up?

Communication, support, and education - especially on finances - are key areas for physicians and practice managers to work together in a team environment.

Here are some guidelines to measure the true value of your medical practice, including a look at post-transaction compensation.

EHRs are not the only way your practice can cut down on paper usage. Here are four other ways practices can save paper, time, and money.

A practice administrator shares his approach to collecting patient copays, deductibles, and payment for canceled or missed appointments.

Simple strategies to trim expenses can pay big dividends for your practice.

A solid operational plan at your medical practice will allow you to proactively adjust to an oncoming crisis. Here's what every plan should include.

It is time for physicians and their staff members to develop strategies to help their practices survive and thrive.

High-income earners sometimes transfer substantial amounts of family assets to their nonworking spouses. Here's why this is a big mistake.

Money is tight at medical practices. Here are some small ways to reduce your operating costs.

The key difference between a revocable living trust and an irrevocable trust and when and why physicians should consider using them.

Every investment or venture into which a physician enters must be carefully scrutinized to assure compliance with several state and federal laws.

Healthcare pricing throughout the United States is inconsistent, with no national norm to quantify cost or measure quality.

Most estate plans contain both a will and a trust or trusts. While both can name beneficiaries for your property, the differences sometimes cause confusion.