Archive for the ‘Finance’ Category
Friday, May 11th, 2012
Claim denials interrupt practice cash flow, take up valuable staff time and cause frustration for patients. Because this is such a common problem in practices, we reached out to an expert, Sarah J. Holt, PhD, FACMPE, to find out how to reduce claim denials.
Posted in Finance, Operations; Scheduling, Practice Management, Regulations, Staff Development | No Comments »
Wednesday, April 11th, 2012
This year, federal and state income taxes are due on April 17, but two extra days beyond the usual April 15 deadline probably won’t make much difference if you haven’t started getting organized by now. Every year, millions of people (and businesses) wait until the eleventh hour
Posted in Finance, Operations; Scheduling, Practice Management | No Comments »
Tuesday, March 20th, 2012
You probably write off thousands – if not tens of thousands – of dollars each year for contractual adjustments. You have little control over that. What you can control, however, is how much you write off for bad debts. Improve collections and reduce bad debt write-offs using these five ideas.
1. ...
Posted in Finance, Operations; Scheduling | No Comments »
Thursday, December 15th, 2011
The American Medical Association (AMA), at its November 15, 2011, House of Delegates meeting, voted to "work vigorously to stop implementation of ICD-10." The AMA contends that ICD-10 (scheduled to go into effect on October 1, 2013, and impact virtually every physician and healthcare organization in the country) will not ...
Posted in Finance, General, Practice Management, Regulations | No Comments »
Thursday, November 10th, 2011
How up-to-date are the contracts in your practice? Where are they located? Do you know how many signed agreements you have, perhaps hidden in the dark recesses of multiple file cabinets? Contract management is a task that, while far from glamorous, is critical to practice success. Outdated, lapsed, or unintentionally ...
Posted in Finance, General, Practice Management | No Comments »
Tuesday, October 11th, 2011
The largest expenses in a medical practice – typically payroll, rent and malpractice insurance – are relatively fixed. You can save a bit on utilities by being energy conscious and cut cash outflow to a degree for certain services with sharp negotiation, but there is only so much you can ...
Posted in Finance, General, Practice Management | No Comments »
