September 13th 2023
Medical professionals use advanced technology to deliver optimal patient care on the frontline, but data shows that many business offices in the healthcare industry are hesitant to do the same.
August 21st 2023
Your weekly dose of wisdom from the Physicians Practice experts.
August 1st 2023
Operating a profitable medical practice is perhaps more challenging than ever.
July 20th 2023
Leading groups look for ways to eliminate confusion not just on the front end, but also on the back end.
July 18th 2023
Digital financial engagement offers significant opportunities to reach patients early in the financial stage of their encounter while lowering administrative costs.
Emergency funds, retirement accounts, and more.
Capital access challenges physicians may face into the new year
Will physician practices experience capital access challenges as COVID-19 cases continue to rise?
Financial distress in physician practices
What financial distress looks like for physician practices.
2021 tax changes physicians should know
As we enter 2021, it is always a good idea to take note of changes to the tax code as well as some items that remained unchanged.
Here Are Five Financial Ratios to Know about Your Practice
Just like there are ratios that gauge your patients’ health, there are ratios to gauge the financial health of your practice.
Best Practices for Optimizing Revenue Cycle Management: Why credentialing matters
Taking a proactive approach to credentialing is vital to the fiscal health of your practice.
Robust billing software can maximize reimbursements, keep practices honest
CMS has been playing hardball regarding claims, which should keep everyone honest while saving the federal government money.
Five ways for medical professionals to make 2021 their strongest financial year yet
Regardless of how 2020 may have gone for you, the great news is that you have the choice to make 2021 your best financial year yet.
Physicians 2021 Asset Protection Checklist – Part 1
As 2021 begins, it presents both familiar risks and new challenges never experienced in the lifetimes of most Americans. We start the year by reviewing key measures to help you to manage and survive both.
How the right revenue cycle partnership can address consumerism challenges
Three key advantages of a revenue cycle partnership.
Your year-end financial planning checklist
The year’s end provides the perfect opportunity to review your financial life and make sure you are on track towards your goals.
Preparing for price transparency requirements and patient demands
Stay ahead of regulators, proactively address growing consumerism demands, and provide patients with price transparency before it is required.
Choosing a Financial Advisor: Four signs to look out for
Working with a physician-friendly advisor is crucial for healthcare professionals.
Risks and liabilities of patient lending programs
Risks involve both legal and competitive aspects of your business.
Planning for practice credit cards
How credit cards can benefit a practice, who should have access, and when to apply
How loan supplies have changed throughout the pandemic and what physician practices should consider before applying
Loan supplies have been changing throughout the pandemic
New coding guidelines a recipe for improved revenue
2021 EM guidelines turn some traditional 99213s into 99214s.
Physician practice financial support during COVID-19
Financial support available for physician practices during COVID-19
The hazards of erroneous documentation
Precise patient documentation is critical to communicating a patient's condition, organizing their healthcare records, and facilitating payer reimbursement
Shortening the enrollment cycle
How providers can increase revenue faster during COVID-19
Selling Your Practice: PPP, MAAP, and CARES Act relief fund compliance
Physician practices that are engaged in any purchase or sale of stock or equity must be sure to comply with the requirements tied to funds that were loaned or granted during COVID.
Can balance billing be used as a negotiating factor?
Watch this before negotiating with payers
The CARES Act and Net Operating Losses
The CARES Act’s amendment to the Net Operating Losses rules can provide some additional liquidity and potential tax rate arbitrage in a time of need.
Communicating coverage complications with patients
What anesthesiologists can do to communicate coverage complications to patients
Population-based payments to replace fee-for-service
Authors in a recent article published in JAMA Open suggest fee-for-service payments are too unstable and offer examples for its replacement.
Performing services for uninsured patients
The complication of primary care and anesthesiology practices not covered by insurance providers
Financial performance metrics and goals for physicians
R1 measures roughly 39 metrics in the financial clearance process. What’s more important is setting up in-process and outcome metrics. Learn more from our discussion with Dan Dooley, VP of physician services at R1.
Leveraging automation to achieve financial clearance
Automation can increase efficiency and adherence to the financial clearance process
Reducing medical practice embezzlement risk with cash controls
Front-desk embezzlement schemes are typically the result of loose collection protocols and minimal oversight. Don't be caught lacking
Steps for physicians to optimize financial clearance
Adhering to best practice points to optimize collections from insured patients is a constant necessity
Four building blocks for physician financial clearance
Dan Dooley, VP of Physician Services at R1 outlines four key components of building financial clearance
2 Clarke Drive Cranbury, NJ 08512