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.
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.
Tips for finding another place to set up shop
If you keep a few basics in mind, it’ll be easy it easy to pick the perfect spot for your next space.
How to finance a new location
Here are a few things to keep in mind when seeking financing for a new practice location.
MACRA/MIPS demystified
Doctors may not agree with MACRA, however, refusing to comply will result in financial penalties. The best course of action is to get educated.
Seasonal tax evasion by doctors
Doctors are pitched a variety of tax planning schemes at the end of each year by both salespeople and well-meaning friends and colleagues. Here is a final look at some common tax evasion landmines physicians must be aware of.
Coding for wellness visits and time-based statements
This month’s coding questions look at how timing plays a role with annual checkups and the stipulations that must be met for coding by time.
6 areas to consider when conducting valuations
A thorough valuation can help you position your medical practice as an attractive prospect for potential physicians and investors. It’s also a useful exercise to measure the health of your practice.
6 back office billing strategies
Expert advice for turning your back office staff into billing and collections all-stars.
Coding questions on Medicare denials, TCM billing
Coding expert Bill Dacey answers your latest coding questions, including an inquiry on why Medicare denied an initial visit claim.
How to choose a bank for a line of credit
If you need financing or a line of credit, it pays to find a bank with medical practice expertise. Here are five questions to help you evaluate potential lenders.
Tax scams that doctors sell each other: Conservation easements
The line between sharing helpful information and “affinity fraud” is very thin when well-meaning friends and colleagues share bad information.
5 tips for analyzing if ancillaries yield profits
Many practices assume their ancillaries are profitable, yet often lack the systems needed to conduct a proper analysis.
Legal considerations of practice expansions
There are many ways in which a practice can grow, so it’s important practices expand in a way that’s sustainable to ensure long-term success.
Get paid for the work you do
Physicians must take action and try to get paid accurately for their services.
Calculating the importance of financial intelligence
David Norris, MD, MBA, explains why learning the business of medicine can help physicians be better clinicians.
Doctors and tax fraud
Here are the basics every physician must be familiar with before implementing any tax plan.
When it doesn’t pay to treat patients
Practices sometimes can’t afford to administer treatment to patients given the risk of denied reimbursement claims.
Technology innovations that will improve your revenue cycle
Embrace electronic billing and electronic verification tools to improve your billings and collections.
3 low tech ways to boost collections
These tried and true tactics can help you improve your billings and collections-without the need for a computer screen.
Reimbursement headaches
Unfortunately, preventative care doesn't prevent physicians from dealing with reimbursement woes.
It’s tax fraud season for doctors, again
Many doctors will be solicited to engage in some kind of income tax avoidance planning this fall.