Finance

Getting the best employees requires offering an attractive salary and benefits package. Getting the best work from those employees requires something more.

Here are six resolutions that can improve your billing and collections in 2020.

Helping your patients avoid sticker shock can benefit your practice - but sharing your rates is not as simple as it sounds.

New legislation concerning telemedicine will soon provide new opportunities for physicians. 

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.