September 8th 2023
Reframing collections as a continual process can minimize bad debt.
August 23rd 2023
Collecting money from patients is an ongoing challenge that has only worsened with high-deductible health plans.
August 21st 2023
Negotiate with knowledge and watch out for pitfalls with billing and side hustles.
August 18th 2023
Investing in digital solutions can automate administrative processes and elevate the patient experience.
July 31st 2023
Your weekly dose of wisdom from the Physicians Practice experts.
Physicians Practice® spoke with Kristina Hutson, a product line developer at Availity, about surprise billing events in independent healthcare practices and what owners and administrators can do to reduce the likelihood of their occurrence.
6 ways to improve your revenue cycle management
Increase your medical practice's revenue by understanding payer reimbursement tactics.
5 metrics to improve your practice’s finances
Diagnose key metrics that can help you track financial issues in your medical practice- and improve profits - before it’s too late.
3 ways to empower patients and improve collections
As patient responsibility increases, physician practices should consider how they can make it easier for patients to pay their medical bills.
Who physician practices can turn to for expert help
CPAs, management consultants, lawyers – tapping into the right expert help.
Better patient relationship management, fewer no-show appointments
Physician practices can use physician relationship management technology to recoup lost revenue and improve patient outcomes.
How hospital-acquired infections affect the bottom line
Substandard care can lead to reduced payments for hospitals with excess readmissions.
3 ways a community HIE can help boost your practice’s revenue
Community health information exchanges appear to offer many advantages, including increased revenue for physician practices.
Improve patient collections through billing transparency
Increase patient satisfaction and lift patient collections through transparent patient responsibility
How online ratings affect healthcare’s bottom line
A look at the interconnectedness of reputation management, patient engagement and value-based care.
5 steps to start your own independent practice
Advice for how to go solo - and be successful.
10 ways to strengthen your strategic plan
A strategic plan should be a living and breathing document. Here are 10 ways to ensure your plan is a road map to success.
Conquer the 3 C’s to secure financing
Consider how you appear to a bank by reviewing your cash, credit, and character before applying for a loan.
The way medicine should be practiced
One independent practice has improved patient outcomes, employee efficiency, and practice revenue by implementing a chronic care management program.
Every penny counts.
Clean up the A/R before putting the practice on the market
How to develop an accounts receivable work plan in three steps
Grow your practice with patient relationship management software
Stay independent and profitable through the use of technology.
Tax season is over! Now what do I do with all of this paperwork?
Sorting your paperwork into four categories will ensure that whatever you need will be readily and easily accessible.
HHS changes penalty limits for HIPAA and HITECH violations
The government is lowering its civil monetary penalties under the HITECH Act.
The leading causes of denials and how to prevent them
Denials are a painful - but preventable - financial drain on practices.
How to renegotiate payer contracts
Don’t settle for a bad deal. Boost your profits by renegotiating your payer contracts.
7 ways to make denied claims easier
Don’t take ‘no’ for an answer: promptly and properly resubmitting claims is crucial to your bottom line.
5 keys to collecting patient responsibility upfront
Ensure your practice’s long-term health by educating patients about their financial responsibility and staff on how to improve medical billing and collections.
What banks need to know about your medical practice
Before a bank issues you a loan, it will review your financial statements, your corporate structure, and how the loan will be used to make sure you’re a sound investment.
Avoid false economies that undermine your practice business
Efforts to save money may even weaken the business-and, sometimes, those weakening effects can be very hard to spot.
When to consider succession planning
Take time to reassess your personal and professional priorities as well as long-term goals for your practice, then adjust your workload as needed.
Determine your break-even point
Knowing your break-even point will help you plan for the future.
Asset protection: What is your target value?
Consider the following types of assets when determining your own defensive needs and exactly what you have to lose if you don’t act.
A new way to retire
For many, retirement will be a long process of gradually winding down work hours and responsibilities rather than a firm date.
Get paid for procedures insurance won’t cover
Six tips that can help physicians collect on services not covered by third parties.
How to talk with patients about billing
If you let patients know from the start what you expect from them, you’re far more likely to get the money you’re asking for.
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