Billing & Collections

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.

A growing number of physicians are getting a master’s in business administration to learn the business of medicine.

Physicians' legal and financial planning must properly protect their assets, businesses, and family. These basic questions about your planning will help you determine if you've done enough.

Coding expert Bill Dacey explores coding for ongoing wound care and unexpected, extended care for a diabetic patient.

Untap hidden revenue and stop leaving money on the table by reviewing your Evaluation & Management coding.

Is a phone message sufficient to use the TCM coding series? Plus, guidance on advanced care planning codes.

When determining the value of a practice, several factors should be considered, including historical growth, forecasting future performance, and practice size.

Doctors are paying more attention to building and retaining personal wealth than ever before. Understanding some core legal concepts about protecting assets and managing risks is a key part of that education.

The decision of whether to keep billing in-house or outsource is not always about cost. It’s about the value realized for the expense and the risk of not getting it right.

Investing a small amount of time in examining business competitors can pay big dividends for practices.