Farewell 2021, Hello 2022

January 6th, 2022

Don’t let the year-end and new year tasks and responsibilities become overwhelming. Proper planning, execution, and education are essential when closing out the year and preparing for the upcoming year. Use this checklist to help set your practice up for long-term success. Fee and Allowable Fee Schedules Review and update…

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Patient Payment Options that Drive Revenue to Your Practice

November 9th, 2021

Whether it’s a grocery cart full of food, an oil change at the car dealer, or a burger at a restaurant, you made a purchase and are expected to pay for the goods and services. It seems logical, right? Now think about what happens when you need to see a…

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Partnership: the new model for managed services

June 16th, 2021

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…

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Medical Practice Staffing: Best Practices & Beyond

May 18th, 2021

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…

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How to Reduce Your Patient No-Show Rates

May 5th, 2021

No-shows cost the healthcare industry an estimated $150 billion in profit each year.  When a patient unexpectedly misses an appointment, the consequences can be ruinous for their health. For your medical practice, a high rate of no-shows can compromise revenue and, ultimately, the quality of care you provide. Not only…

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Revenue Metrics for Physician Practices

April 21st, 2021

Revenue metrics can provide insights far beyond basic profit margins. Patient engagement, insurer relationships, human resource management, and infrastructure can all be optimized with a more robust revenue metric model – so long as you can effectively track the revenue cycle data. Why revenue metrics are important The more refined…

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Physician Credentialing Checklist

April 7th, 2021

For any physician looking to expand their client base, physician credentialing is a crucial business step. Credentialing enables you to work within insurer networks. Billing in-network simplifies the revenue cycle and opens you up to more potential patients. It’s a standardized industry practice – but that doesn’t mean that the process…

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