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.
The benefits and challenges of price transparency
Helping your patients avoid sticker shock can benefit your practice - but sharing your rates is not as simple as it sounds.
Telehealth Reimbursement Trends and Opportunities: What Physicians Need to Know
New legislation concerning telemedicine will soon provide new opportunities for physicians.
Why getting claims right the first time is cheaper than reworking them
Medical practices continue to be squeezed by increasing costs and decreasing reimbursement, emphasizing the need for better clinical coding and editing technology that can improve claims even before they’re submitted.
Resubmitting claims: Get it right the second time
It’s crucial to have a robust program for responding to denied claims. Here’s how to build one.
Tackling the biggest problems with your billing
Adding appropriate technology to your practice can have profound effects on the well-being of your operations, allowing your workforce to focus on what they do best while you concentrate on patient care.
Avoid these 5 common billing mistakes
A little attention to small billing mistakes can save your practice big money
6 technologies to improve your practice
A recent study from MGMA reveals the top technologies that increase practice efficiencies.
Managing your payer mix to improve your bottom line
Payers don’t dole out equal pay for equal work, so it benefits your physician practice to understand who pays what (so you can negotiate more).
5 metrics to improve your practice’s finances
Diagnose key metrics that can help you track financial issues in your medical practice- and improve profits - before it’s too late.
3 ways to empower patients and improve collections
As patient responsibility increases, physician practices should consider how they can make it easier for patients to pay their medical bills.
3 ways a community HIE can help boost your practice’s revenue
Community health information exchanges appear to offer many advantages, including increased revenue for physician practices.
Improve patient collections through billing transparency
Increase patient satisfaction and lift patient collections through transparent patient responsibility
5 questions to ask about wRVU compensation
If you're getting paid in work RVUS, then you need to understand what you’re being paid for and how to calculate your compensation.
The way medicine should be practiced
One independent practice has improved patient outcomes, employee efficiency, and practice revenue by implementing a chronic care management program.
Every penny counts.
Clean up the A/R before putting the practice on the market
How to develop an accounts receivable work plan in three steps
Grow your practice with patient relationship management software
Stay independent and profitable through the use of technology.
The leading causes of denials and how to prevent them
Denials are a painful - but preventable - financial drain on practices.
7 ways to make denied claims easier
Don’t take ‘no’ for an answer: promptly and properly resubmitting claims is crucial to your bottom line.
5 keys to collecting patient responsibility upfront
Ensure your practice’s long-term health by educating patients about their financial responsibility and staff on how to improve medical billing and collections.
Avoid false economies that undermine your practice business
Efforts to save money may even weaken the business-and, sometimes, those weakening effects can be very hard to spot.
How to talk with patients about billing
If you let patients know from the start what you expect from them, you’re far more likely to get the money you’re asking for.
Don’t wait to discuss your billing and collection policies
Improve your medical collections by communicating your policies up front.
The reality of virtual check-in coding
Medicare’s new G2012 code for virtual check-ins may lead to cost savings. It could also cost patients money and potentially cost providers in patient satisfaction.
Required documentation for 99214 coding
In order to justify the Level 4 E/M visit, make sure you have recorded all necessary information-and clearly label it for the payer auditor to easily find.
Medicare on medical necessity and more on time-based coding
How to code varies on the circumstances. Many coding scenarios are determined by context-not absolutes.
A simple way to increase revenue
How to boost revenue in the new year.
When the punishment of Sisyphus is actually preferable...
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.
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