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In a recent google search for “how to improve revenue for the average physician practice”…….many articles, blogs, white papers, webinars, etc. were available. They all basically said the same thing: Revenue for the average practice is going down. Poor reimbursements, larger... Read More

AR (accounts receivable) recovery may be something for you to consider if your AR has greater than 40% of receivables greater than 120 days. Of course if this is the case, you probably need a lot more than just recovery efforts. Something is perpetuating that problem and in... Read More

Healthcare Practice Managers are always in need of good advice. For that matter, any manager is in need of good advice. Over many years of practice management and being in the healthcare industry, I have had several experiences that have taught me something. Maybe not always at... Read More

The single most important reason to lowering your claim denials is simple, to bring in additional revenue by less delay of payment and lowering billing costs. Most practices have the software available that should enable them to produce and analyze reports which will provide... Read More

As with many things in life, technology can be very effective in helping to streamline processes making them reliable and effective.  While many businesses have already made the move to electronic cloud based payroll systems, some might be doubtful of the benefits of making the... Read More

How do I know if I’m being paid what I should be paid?  The question can be overwhelming and the answer involves more than a few factors.  To determine if you were paid what you were entitled to, begin with a narrow view and work your way out to the details as the process leads.... Read More

What has become clearer and clearer to the healthcare community is that point of service collection must be included in the metrics for a practice to achieve financial success.  Healthcare plans with higher deductibles and co-pays are a reality in the roll out of new insurance... Read More

Technology is being embraced by all sectors of our culture and the health care industry is no exception.  Technology drives most of our daily operations and the “geeks” in IT make us feel like they are in control of our worlds.  We carry smart phones like they are the... Read More

There is no disputing that the working of healthcare billing denials costs the practice with money left on the table, but also costs in the work needed to resolve the denials.  The average cost is $25/claim to resolve and collect the charges subsequently denied.  In effect, a... Read More

So you have decided to get really serious about cleaning up (AR) accounts receivable…..where do you begin? The logical place to start is by running reports to analyze exactly where AR stands.  Today you should be receiving year end reports that will undoubtedly include an... Read More