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.
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.
4 ways to boost your profits
A few tweaks to your billing and collection routines could make a huge difference in your bottom line.
6 strategies for better billing and collections
Don’t forget your practice’s billing and collections when writing your New Year’s resolutions.
How to diagnose cash flow problems in your practice
How to make sense of the dollars and cents at a physician practice.
5 key ingredients for a successful startup
Physician entrepreneurs need know-how and a strategic vision to run a company. They also need to know what they don’t know so they can fill those critical knowledge gaps.
How to prepare for a capitation payment model
How do you post charges, payments, and adjustments in value-based payment models?
Reimbursement pains
Here's yet another reason why medical shows on TV are so unrealistic.
How much space do you really need?
You may need to expand your practice, but if you use space wisely, you may need less than you think.
Expand your practice-without moving
How to remodel your office to create an efficient, cheerful space.
5 ways to use KPIs to increase your revenue
Collecting patient payments can be a challenge for medical practices that aren’t operating at maximum efficiency. Review some key performance indicators to identify and improve processes.
Coding changes in the new year
How CMS’ final rule will affect documentation, time-based billing.