Is your skillset translating into equivalent cash flow? Are you happy with the amount of money you’re making out your practice? Indeed, a question worth pondering over when everything seems alright on the face, but end results differ drastically. Despite your best efforts, customers are paying outside terms. You have limited account receivable details and […]
As an aftermath of the drastic regulatory changes the healthcare industry has undergone in the past couple of years, a large number of physicians and healthcare providers are still trying to find ways to improve their revenue model. Having seen steep downward slopes in their annual revenue lately, many practitioners have been driven into desperation […]
After 25 years of training medical practice staff how to successfully ask patients to pay at the point of service, there are many common excuses that we hear when staff members fail to collect Revenue from Patients. As per the Consumer Financial Protection Bureau (CFPB) report released in December 2014, 43 million citizens have overdue […]
To quote Shakespeare in the healthcare parlance; “to outsource or not to outsource” is the question that robs providers of their sleep. In all honesty, most providers are slowly outsourcing medical billing to experts; so much so that outsourced medical billing service providers are opening shops like the mom-and-pop shops we see all around. It […]
Obstetricians are specialist physicians in pregnancy and postpartum, gynecologists are the one who specializes in the female reproductive system. The health conditions that both these specialties deal with are diverse and diagnosing and treating them definitely involves a lot of detailing along with specificity. OB/GYN billers have to undergo a typical and frustrating medical billing concern, […]
Are your billers trained in collecting receivables? Does your practice collect insurance and patient balances efficiently? These are some of the important questions every physician should have an answer to. According to research conducted by the Medical Group Management Association, better performing practices generate more revenue, create operational efficiencies, ensure provider productivity and collect receivables […]
In today’s competitive healthcare space, as you’re dealing with crushing administrative burdens and rising operating costs, you need every tool at your disposal to keep your practice profitable. Here we explained 5 essential tips about Family Practice to improve revenue instantly. Tips about Family Practice to Improve Revenue instantly 1. Reduce Administrative Burdens Around 50% […]
Payment cuts, ICD-10 preparation, rising healthcare costs, and increasing administrative challenges are some of the industry pressures that have caused hindrance to the success of all medical specialties in the US, including cardiology. Mentioned below are the top five technology trends that can help cardiology practice sail through RCM challenges and remain profitable. Implementing these […]
Physicians and insurance carriers complement each other. One can have a large influence on the other. In fact, it would not be incorrect to state that one can make or break the other’s potential client base. However, providers and payers usually follow the “you scratch my back and I scratch yours” policy. They know that […]
Medical practices require effective revenue cycle management (RCM) solutions to improve results and control costs. It has become essential for physicians to evaluate these solutions in order to be able to answer the following RCM questions: Is my RCM technology saving staff time, helping them focus on clinical tasks? Is my practice getting paid for […]
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