We blog about things we learn in our work with practice owners and managers. We hope these articles help you.
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Patient receivables blues? Master time-of-service collections. Join my free webinar
The portion of your revenue that must come from patient collections has skyrocketed. If you haven't mastered patient collections, you risk losing more of your practice's earned revenue than ever before. But -- on the plus side -- there are more new ways to tackle this problem than ever before.
Silent profit buster: the quiet exam room
How many times do you walk down the hall and see empty exam rooms or alternatively, how often are they filled but you still have patients waiting to be roomed and the doctors are running behind? If nothing is going on in the exam rooms there is a financial cost
Can the federal government solve the health plan directory problem? You should hedge your bets
Paraphrased from my Management Rx blog: The New York Times reports that the federal government hopes to fix a problem that many citizens complain about: inaccurate health plan directories. When health plan directories are incorrect, patients can wind up unintentionally receiving services out-of-network, which usually leads to unexpected, significant out-of-pocket costs. The
Improve patient collections for immediate bottom-line improvement
The portion of your revenue that must come from patient collections has dramatically increased over the past decade. And higher copays and deductibles aren’t going away – in fact, they’re becoming the standard. A recent Kaiser Family Foundation study determined that average deductibles for patients on employer-sponsored plans have more
Small can be strong when negotiating with a payer
Many physicians we work with face the tough decision of whether to keep their practices independent or join a larger organization. Oftentimes, physicians and practice managers believe they must consider such a move to "gain a larger footprint" for negotiations with payers. The advantages of larger groups in payer contract
Group visits: improve access, patient satisfaction, and practice revenue
Laurie and Judy have written two articles about group visits recently, for Kareo and Physicians Practice. (Click here for Laurie's, here for Judy's.) If you're looking for a creative way to spend more time with chronically ill patients, a group visit program might be a good fit for your practice.