Finance

With December upon us, we are just a few short weeks away the new year. Is your medical practice prepared with the necessary resources to turn the calendar?

Downcoding, overstaffing, and lack of follow-up on denials are all possible places your medical practice is losing precious revenue.

Looking to mix the best of the ACO and medical home practice models? Look no further than a hybrid concierge model.

Report diagnoses to tell the payer why a service was performed, support medical necessity, and avoid having your claims denied.

Here are common areas of inefficiency at medical practices to address today to ensure continued financial health.

Use this tool to identify, track, and monitor revenue-enhancement and cost-containment strategies.

Here's a primer on independent practice associations. Not all are created alike, so be aware of the differences.

Most practices have payment plans in place to meet patient demands, but many of these plans are lacking.

Yesterday's risk models in healthcare are today's accountable care organizations, but the same issues still exist to find success for physicians and patients.

Want to avoid a larger audit at your medical practice? Self-auditing is a great first step for you and your physicians.

Pediatrician Helene Hubbard lays out her first term if elected U.S. president with a focus on the nation's younger residents.

Ophthalmologist Ari Weitzner outlines his platform if elected president, starting with cutting healthcare costs.

Does your medical practice have one employee that has all of the answers? Here's why this is a dangerous process to support.

Touted as a cost-saving, quality improvement measure, bundled payments also have their critics. Here's what you need to know.

Consultant Elizabeth Woodcock, a presenter at the MGMA12 Conference in San Antonio, discusses tips to improve patient collections at your medical practice.

If you have patients who've been hurt by a work-related injury or in a car accident and are using their private insurance, you may not be paid for your services.

As part of a False Claims Act settlement, medical practices may enter into a corporate integrity agreement. Here's your guide to what that may entail.

Clear policies and processes for handling denials can affect your bottom line by improving your revenue cycle, decreasing staff costs, and increasing cash flow.

Medical practices need to start looking at the AWV as a business and healthcare opportunity. Offering staff bonuses to schedule the visits may help.

Accountable care organizations are the latest magic solution offered by the federal government. Just don’t pull back the curtain!

If you aren't asking your patients about insurance changes when they make an appointment at your medical practice, you are already losing money.

Though there's little physicians can do about declining reimbursements, some of you are finding other ways to boost revenue.

Prior to participating in an ACO, consider these potential legal issues.

Consultant Kenneth Hekman unveils four tools for building trust between physicians and hospitals, helping them work more cohesively.