nbsp The American Medical Association AMA has released a new how-to manual to help physicians evaluate, negotiate, and manage budget-based payment systems that are becoming alternatives to the predominant fee-for-service... Read More >
As you probably know, collecting reimbursements is a critical component of your physician practice s revenue cycle, and in order to ensure peak financial performance, your practice will need to... Read More >
nbsp One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations from the local church or synagogue to the Red Cross and... Read More >
nbsp To Facilitate Forward Momentum Medical groups without a designated physician leader can do fine. However, most will just meander along without being at the top of their game. They... Read More >
nbsp To Enhance Teamwork Strong leadership allows the whole practice to function more effectively as a team. Even for practices with top-performing administrators, physicians need a peer leader to tend... Read More >
nbsp Here s one simple reason Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without a designated leader, but the group probably... Read More >
I think most of us realize there is change afoot. While I think traditional fee-for-service billing will remain with us in to the future, there will be new reimbursement models.... Read More >
nbsp It is an observation that never ceases to be interesting Strategic planning plays a central role in the ongoing management and operation of the most successful medical practices. It... Read More >
A recent study published by the Journal of American Medical Association AMA reveals that violations of online professionalism are prevalent among physicians. In fact, of state medical boards have received... Read More >
So you want to form an ACO? Get ready to put in some serious capital. The data requirements for launching an accountable care organization will cost smaller ACOs more than... Read More >
nbsp Sometimes we need a wakeup call with regards to healthcare compliance. Remember we can choose to comply because we understand that it benefits us and others, or we can... Read More >
nbsp I m getting real anal about customer service. In my opinion most physician offices do a very average job with regard to customer service. Your physician base should be... Read More >
Sometimes the question is raised Should the administrators or office managers serve on the merger committee or merger team? My experience shows that it is not advisable to place them... Read More >
Many agreements provide that if a physician elects to leave the group they must provide certain notice to the group. This notice requirement applies in the event of retirement or... Read More >
The Critical Importance of Reviewing Valuation Formulas in Practice Agreements As you know, I ve preached for years about the importance of a periodic review of the provisions of the... Read More >
nbsp Of the OSHA inspections held last month, were physician practice settings. While Region did represent of those audits, none were from the targeted states in that Region of those... Read More >
Consider Accelerating Income to It is often recommended that physician practices defer taxable income to the following year or postponing some deductible expenses Unless youare a C corporation . But... Read More >
Massachusetts Eye and Ear Infirmary and Massachusetts Eye and Ear Associates, Inc. collectively referred to as MEEI has agreed to pay the U.S. Department of Health and Human Services HHS... Read More >
One thing I ve noticed with regard to ACO formation is that the ACO creates its agreements and then presents them to the physicians for participation and execution. The physicians,... Read More >
nbsp The first round of medical loss ratio MLR rebates payable under the Patient Protection and Affordable Care Act PPACA P.L. - have now been either recently received or are... Read More >
nbsp Experts continue to worry that not enough health professionals and others who have contact with patients will get the flu vaccine. Data shows that approximae of health care personnel... Read More >
nbsp Most recently available are annual statistics of OSHA medical facilities non-hospital which show a rate of citations equaling , . in fines. Could this happen to you? Is your... Read More >
nbsp When I see and read mission-type statements by healthcare organizations, I often wonder if the organization really lives and breathes their vision, values, and or mission on a daily... Read More >
nbsp The best negotiation is a win-win scenario for both of the parties to the negotiation, one where each party walks away from the negotiation table knowing something was won.... Read More >
nbsp Leverage is a major pathway to successful negotiation of a managed care contract. The ability to negotiate or renegotiate a managed care contract is often determined by the amount... Read More >
Following is an example of our strategic planning self-assessment. The purpose of these self-assessments is to give you a concise checklist of best practices in a clinical practice. This checklist... Read More >
Did you know that payment accuracy rates among insurance companies have dipped as low as percent according to the American Medical Association s Health Insurance Report Card, a survey published... Read More >
Although the final rule on the proposed ICD- deadline change has yet to be published, it is important to continue planning for the transition to ICD- . The switch to... Read More >
nbsp A medical practice should determine whether it makes sense for the practice to continue its participation in the plan by answering the following questions this should be done on... Read More >
nbsp After a managed care contract is signed, it is important to make sure the office handles these payors correctly, handles their patients correctly, and makes sure the office continues... Read More >
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