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.
Don’t wait to discuss your billing and collection policies
Improve your medical collections by communicating your policies up front.
What to consider before selling your practice to a private equity firm
As the healthcare landscape continues to evolve, so do funding opportunities.
Managing cultures during medical practice mergers
A merger or acquisition may look perfect on paper, but it’s the people who ultimately guarantee its success - or failure.
Current threats to physician assets
Current events once again illustrate the wide range of legal and physical threats to physicians' assets.
Managing the risks of spring
Successful doctors face a wide variety of risks outside their practice walls. These are some common recurring seasonal legal and financial risks you can manage before spring break.
Minimizing surprises at tax filing time
This year more than ever, a sound financial move would be to sort through the new tax changes carefully to determine exactly how they will impact you and identify smart moves for 2019 and beyond.
4 steps to a successful post-merger integration process
Once the deal is signed on the dotted line, it’s make or break time for merging two medical practices. Here’s how to ensure the acquisition doesn’t fall apart.
The reality of virtual check-in coding
Medicare’s new G2012 code for virtual check-ins may lead to cost savings. It could also cost patients money and potentially cost providers in patient satisfaction.
Mitigating risk on outpatient bundled payment contracts
Three ways medical practices can manage opportunities for bundled episodes of care.
Best practices for secure payment processing
Accepting payment via credit card is one way to improve patient collections. But medical practices must take precautions to ensure that their patients’ personal information remains protected.
Prioritizing patient engagement
An independent specialty group has improved patient relations and grown the practice by investing in advanced practice management and patient engagement tools.
Valentine’s Day starts prenup season
February 14 marks the beginning of the end for the “proposal season,” meaning that many newly-engaged couples are planning for weddings, honeymoons, and, if they’re prudent, prenuptial agreements.
Required documentation for 99214 coding
In order to justify the Level 4 E/M visit, make sure you have recorded all necessary information-and clearly label it for the payer auditor to easily find.
Financial planning helps travel dreams come true
Travel dreams to exotic locales shouldn’t be reserved for the retired. Instead of putting off travel until retirement, splurge on some exciting trips now-while you have the interest, energy, and stamina to enjoy every single moment.
Getting your practice back
Owning a medical practice can be stressful. Here are four ways to help you take back your time and focus on what really matters.
Understanding liability insurance
One of the most powerful and predictable layers of defense every physician must implement is a complete liability insurance program.
Nine for ‘19: Financial steps you should take now
With the start of a new year, most of us begin making plans in all aspects of our lives for the year ahead-and beyond. Here is a helpful list of actions you can take now that will cultivate a more fruitful 2019.
2019 asset protection basics
Physician practice owners should start 2019 by managing these basic risks now.
Thinking of buying or selling a medical practice? Read this first.
The decision to buy, sell, or merge a medical practice is more complicated than ever, and physician owners must have a clear understanding of the legal structure of the potential transaction.
How to boost your retirement savings
Consider buying your medical office building as a way to improve retirement savings beyond 401(k) contributions.
Seven tips for faster credentialing
Credentialing a new provider is a tedious and slow process in which every false step or delay can cost you money. These seven tips can expedite the process.
A simple way to increase revenue
How to boost revenue in the new year.
4 ways to prepare for MACRA in 2019
Revenue cycle management tips to enhance cash flow under the 2019 Quality Payment Program Final Rule.
How to stop theft in your back office
Follow these simple tips to detect-and prevent-financial fraud in your medical practice.
Sisyphus, MD
When the punishment of Sisyphus is actually preferable...
Smart ways to respond to-and reverse-declining profitability
If your profit is suddenly on a lower trajectory, resist the instinct to attempt a quick fix. Here’s what to do instead.
Recession preparation for physicians
As some experts warn of another economic downturn, the following financial issues should be part of your recession survival planning.
What you need to know before seeking a loan
Don’t be intimidated by the process of getting a real estate loan. It’s easier than you might think.
Why you need a line of credit
A line of credit can help medical practices weather cash flow ups and downs.
The costs of doing business
Understanding the kinds of costs, and tracking them, will help you better manage your practice’s finances.