For years, physician practices were on their own when it came to managing the business side of their practice. Software and contracted experts eased much of the burden, but the burden of maintenance, hiring, training, and keeping employees still fell on the physician’s practice. Times have changed. In that old…
Any physician knows that the business side of medical practice has been tough in the past few years. Hundreds of thousands of jobs have been lost. For many hospitals and private practices, revenues have plummeted. Healthcare practitioners are burnt out. And demographic shifts are leading us toward a major nursing…
The costs of filing errors in medical claims add up. Claim revision slows down payment collection cycles. It eats up labor hours. And it threatens to drain the goodwill between doctors and business office staff. The repayment process can feel slow even when claim forms are perfect. The tiniest of…
In today’s busy medical practices, it’s hard to find time to step back and assess whether workflows and processes are functioning at peak performance. System reports, various backlogs, and other indicators might point to areas needing help, but too often, we can’t find the time to turn the problems into…
Keeping pace with the changes in healthcare RCM can seem like a daunting task that takes considerable expertise, time, and resources. Today, medical professionals spend more money billing and collecting than in any other industry, and even with powerful management software and trained employees, maximizing clinic profits can be a…
Without a doubt, the healthcare revenue cycle is one of the most important pieces of your business. Choosing the best revenue cycle management strategy for your organization is crucial to keeping the cash flowing and decreasing staff costs. Many clinics do revenue cycle management in-house, but as they grow and their revenue…
The Medicare Access and CHIP Reauthorization Act of 2015, also known as MACRA, is on the minds of physicians and practice managers from coast to coast. As with any new ruling from CMS, the challenge is to fully understand the changes to the law and what it means for your…