Billing & Collections

Noteworthy items from Physicians Practice.

Your practice may want to consider purchasing insurance to cover the costs of a potential HIPAA breach.

Would you dismiss a patient who continually fails to pay despite your attempts to work out a suitable payment plan?

Growing gross revenue is not the only way to increase profits. Reducing expenses can play a big role.

Providing healthcare insurance for your employees can sometimes seem impossible. But don't despair. There are new options to help your practice afford coverage.

President Obama’s proposed 2014 federal budget includes changes that could affect many practices providing in-office ancillary services.

For those who want a potentially higher degree of security with a longer track record, offshore tools like international asset protection trusts are an option.

Some physicians, trying to remain independent, are experimenting with subscription-based models of payment.

It’s tougher than ever to make a living in medical practice, but there are ways to boost your income while serving your patient’s needs, and without working 18-hour days.

We continue our discussion of the asset protection trust this week and examine the often misunderstood issue of jurisdiction.

CMS has issued a proposed rule physicians should know about when it comes to Medicare Part A denials, a possible Part B solution, and their revenue cycle.

A recent Illinois court case claiming violation of the False Claims Act should be on the radar of all physicians when it comes to compliance.

Here is step-by-step guidance to getting paid what is owed your medical practice, starting with strong policies and staff training.

In an age of mergers and partnerships, it is important for physicians to pay attention to investor bond ratings and reports.

Becoming a medical home could help independent practices survive, but it may not be the right step for all independent practices to take.

Time is limited and money is tight. How can your practice morph into a new practice model and still ensure that it is paid adequately for patient services?

It's tax season and with the IRS notifying more physicians of tax audits, there are some steps you can take today to avoid being included in this group.

Interactions between payers and providers tend to focus on rate negotiations and fees for service, but health reform is changing that.

Continuing our 12-month medical practice makeover series, today we examine essential liability coverage required by all medical practices beyond just medical malpractice liability insurance coverage.

Does your medical practice allocate more time to medical billing and collections than actual patient care? Even with automation, the growing complexity of the process makes it increasingly labor intensive. Perhaps it's time to outsource?

Why one practice transitioned and how it affected physician, staff, patients, and revenue.

The most effective thing practices can do to ward off theft is to monitor each step of the revenue cycle.

Knowing your percent of collections, days aging out in accounts receivable, and payer mix will all help budget your practice finances in a much more efficient manner.

See what CMS owes your medical practice for your services by downloading the the 2013 Medicare Physician Fee Schedule.