Finance

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.

It’s crucial to have a robust program for responding to denied claims. Here’s how to build one.

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.

A little attention to small billing mistakes can save your practice big money

A recent study from MGMA reveals the top technologies that increase practice efficiencies. 

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).

Diagnose key metrics that can help you track financial issues in your medical practice- and improve profits - before it’s too late.

As patient responsibility increases, physician practices should consider how they can make it easier for patients to pay their medical bills.

Community health information exchanges appear to offer many advantages, including increased revenue for physician practices.

Increase patient satisfaction and lift patient collections through transparent patient responsibility

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.

One independent practice has improved patient outcomes, employee efficiency, and practice revenue by implementing a chronic care management program.

Every penny counts.

How to develop an accounts receivable work plan in three steps

Stay independent and profitable through the use of technology.

Denials are a painful - but preventable - financial drain on practices. 

Don’t take ‘no’ for an answer: promptly and properly resubmitting claims is crucial to your bottom line.

Ensure your practice’s long-term health by educating patients about their financial responsibility and staff on how to improve medical billing and collections.

Efforts to save money may even weaken the business-and, sometimes, those weakening effects can be very hard to spot.

Improve your medical collections by communicating your policies up front.

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.

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.

How to code varies on the circumstances. Many coding scenarios are determined by context-not absolutes.

How to boost revenue in the new year.

When the punishment of Sisyphus is actually preferable...

A few tweaks to your billing and collection routines could make a huge difference in your bottom line. 

Don’t forget your practice’s billing and collections when writing your New Year’s resolutions. 

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.

Before heading to the table, draft a game plan to be a tough negotiator with payers.