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Current Landscape Many medical practices are facing financial uncertainty as a result of the COVID-19 pandemic. Recent research cited in the Practice Pulse report reveals that while their primary focus is on caring for patients and keeping team members safe
Billing Medicare for Telehealth Visits Telehealth has become a vital part of the current healthcare system, and many services can be delivered through telecommunication technology. This change has been most advantageous for patients in rural and isolated regions because they
You put in the daily work to make sure your practice is successful and thriving, treating and solving your patients’ medical problems – which is no easy feat in the best of times. During our current pandemic, you may see
In the midst of the COVID-19 pandemic, we know that it may be difficult for practice managers and providers to make the time needed to closely manage their revenue cycle. As it stands, many of you are struggling to meet
By Tobi Elkin Running a medical practice is a business. In order to grow profitably and responsibly, trimming costs is necessary. There are several areas where this can be done — overhead, personnel, technology, billing, bill processing, and insurance, to
By Tobi Elkin Imagine the benefits: Patients don’t have to take time off work or school to come into the office for consultations, follow-up appointments, to obtain lab results, or post-operative guidance. Physicians have more time in their schedules for
As government and commercial payers accelerate the transition to value-based reimbursement models, tying payments to patient outcomes rather than services rendered, now is a good time for medical practice leaders to diagnose their financial risk under their current capitation contracts
COMMON ISSUES THAT LEAD TO INSURANCE CLAIM DENIALS The insurance claim denial could cause big trouble for your practice, leading to problems with cash flow and the effectiveness of the training. Stopping insurance claim denial before they exit your practice
Madelyn Young contributed to this post If you’re looking to bring more cash into your primary care practice, leading-edge solutions like telemedicine may look appealing to you as a way to earn extra revenue. Although telemedicine looks to play a
