Billing & Collections

You may need to expand your practice, but if you use space wisely, you may need less than you think.

How to remodel your office to create an efficient, cheerful space.

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.

How CMS’ final rule will affect documentation, time-based billing.

If you keep a few basics in mind, it’ll be easy it easy to pick the perfect spot for your next space.

Here are a few things to keep in mind when seeking financing for a new practice location.

Doctors may not agree with MACRA, however, refusing to comply will result in financial penalties. The best course of action is to get educated.

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.

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.

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.

Expert advice for turning your back office staff into billing and collections all-stars.

Coding expert Bill Dacey answers your latest coding questions, including an inquiry on why Medicare denied an initial visit claim.

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.

The line between sharing helpful information and “affinity fraud” is very thin when well-meaning friends and colleagues share bad information.

Many practices assume their ancillaries are profitable, yet often lack the systems needed to conduct a proper analysis.

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.

Physicians must take action and try to get paid accurately for their services.

David Norris, MD, MBA, explains why learning the business of medicine can help physicians be better clinicians.

Here are the basics every physician must be familiar with before implementing any tax plan.

Practices sometimes can’t afford to administer treatment to patients given the risk of denied reimbursement claims.

Embrace electronic billing and electronic verification tools to improve your billings and collections.

These tried and true tactics can help you improve your billings and collections-without the need for a computer screen.

Unfortunately, preventative care doesn't prevent physicians from dealing with reimbursement woes.

Many doctors will be solicited to engage in some kind of income tax avoidance planning this fall.

How to meet patients wherever they are-and ensure you can get paid for telehealth and virtual check-ins.

Nurse practitioners, physician assistants, and other advanced practice clinicians may have different coding requirements, adding another layer of complexity to the coding process.

If not managed correctly, the many details that physician practice owners are responsible for create significant risk. Utilize this article to help you prioritize issues you need to address now to ensure that your medical practice is ready for continued success.

Non-clinical staff play an important role in ensuring a practice runs smoothly and provides high-quality patient care. Keep these tips in mind when assembling your practice’s staff.

Take time to clarify the midpoint rule, review CMS’s proposed guidelines for Evaluation & Management, and ask why you’re being instructed to change billing codes.

Four simple steps can increase collection of patient balances while also preserving the practice-patient relationship.