nbsp We all know how important efficiency is to any medical practice, especially its billing and collection functions. To maximize your billing and collection processes, you need to dig deeper... Read More >
nbsp Medical practices can run a serious risk if its patients are not recalled for follow-up as required by medical protocols and just as important, also lose revenues. Practices can... Read More >
nbsp I m a strong believer of planning for your retirement unfortunately most physicians are not very good at it if they attempt to do it at all. If you... Read More >
nbsp Does this scenario sound familiar Medical practices delegates all oversight, supervision, and daily office management to the practice administrator yet only to find out later that things are REALLY... Read More >
Best Option Attach fee schedule and require your consent to changes. The best way to plug this loophole in your plan contracts is to attach the fee schedule to the... Read More >
RVU Compensation For Physicians I m often asked about compensation modeling, especially during these times when there are continued pressures on physician practice net income. Many practices, especially those owned... Read More >
In this case, the OCR found that, on a daily basis, over a period of four years, Phoenix Cardiac Surgery had transmitted ePHI from an Internet-based email account to the... Read More >
nbsp In Texas, a -year-old woman has been charged with felony theft after police say she stole nearly , over several months at the doctor s office where she was... Read More >
Jamie over at e merge https www.emergewith.us turned me on to this list at TechRepublic review it how many of these traits do you or your practice admininstrator possess? .... Read More >
nbsp I was watching a special on CNBC about healthcare fraud and it reminded me again about the most common coding abuses by physicians and their billing staff. Compliance in... Read More >
nbsp CMS s Shared Savings Program ACOs, which began on April , will serve an estimated , beneficiaries in states. The group has collectively more than , physicians, hospitals and... Read More >
nbsp Phoenix Cardiac Surgery, P.C., of Phoenix and Prescott, Arizona, has agreed to pay the U.S. Department of Health and Human Services HHS a , settlement and take corrective action... Read More >
nbsp Interesting article in the Washington Post can Medicare really move this way? I doubt it very hard to make an elephant dance. http www.washingtonpost.com national health-science medicare-moves-to-tie-doctors-pay-to-quality-and-cost-of-care gIQAFq IIT... Read More >
The National Practitioner Data Bank NPDB is an electronic repository of all payments made on behalf of physicians in connection with medical liability settlements or judgments as well as adverse... Read More >
nbsp Consider the following . Flag all denied charges, usually my making a copy of the related EOBs and placing them in a manilla folder. . Hold a staff meeting... Read More >
nbsp These five comparatively unknown insurance coverages can save you thousands or more of dollars. And they aren t very expensive. Almost everyone recognizes the need for certain basic kinds... Read More >
By now the merger committee has the due diligence process underway. The merger team has been interviewed and assembled. The initial funding for this due diligence process has been estimated... Read More >
nbsp I have heard that there is a study by the United States Department of Labor that confirmed that costs to replace an employee could equal of salary. Regardless of... Read More >
nbsp We live in the data age where every day a new technology is announced in business- and consumer-oriented ecommerce and mobile health mhealth . In response, in recent years,... Read More >
nbsp Perhaps the most contentious area of a buy-sell agreement is the method for calculating buy out. One small misstep can lead to an overvaluation, costing the practice more money... Read More >
nbsp Remember it never gets to be a receivable if you collect it at the time of service. I wonder how many physician practices realize the real true cost it... Read More >
The Office of Inspector General OIG has recommended the following seven elements of an effective compliance plan. This applies to all healthcare entities. Although these elements are well known, how... Read More >
nbsp The Healthcare Fraud Prevention and Enforcement Action Team HEAT and the Office of Inspector General have posted a Toolkit consisting of a series of podcast training videos on the... Read More >
nbsp A lot can change in a practice over the course of a few years the group s culture can shift, its financial standing may improve or decline, it may... Read More >
HiPAA Risk Assessment As you are probably aware, the government has begun the first round of HIPAA compliance audits these audits have included physician practices. So the million dollar question... Read More >
How does a physician practice or any health care provider really know for sure it is receiving the correct reimbursement from its managed care payors? According to an informal polling... Read More >
nbsp If your income statement s bottom line shows an unexpected poor performance, use other statement details to track down what happened. Like classic symptoms pointing you toward ordering specific... Read More >
nbsp Numbers are data. What any manager needs is information. In many clinical situations, the numbers are information. In business situations, most numbers are data the value a practice manager... Read More >
nbsp If you are a physican practice organized as an S Corporation, pay attention to the recent tax court case below if you are paying the shareholder s low salary... Read More >
nbsp Trying to sell candidates before you are sold on them Too often, practices try to sell their opportunity without understanding a candidate s special interests or desires. Through their... Read More >
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