Billing Medicare for Telehealth Visits
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 no longer must come to the clinic even though they can still receive the necessary […]
How to Document Your Revenue Cycle Management Process During COVID-19
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 fewer patients and experience more downtime than before, with a significant portion of staff working […]
6 Ways To Drive Revenue for Remote Practice Staff
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 the demands of your ultimate priority: seeing patients. Despite the already existing difficulties of patient […]
5 Ways Medical Practices Can Cut Costs and Deliver Better Care
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 name a few. Within these categories, there are areas that lend themselves well to process […]
Convenience + Revenue Growth Make Telemedicine A Win-Win
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 new patients and those who must be seen in person. Telemedicine can meet many different […]
Hacking your RCM to get the most out of capitated payments
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 – and take steps to put themselves in the strongest possible position for future negotiations. […]
Common issues that lead to insurance claim denials
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 speeds up the revenue cycle and enhances your practice’s profit-making ability. Handling an appeal process […]
How to Ensure EHR Adoption Results in a Return on Investment
There is undeniable return on investment for practices that adopt EHR software.
Can House Calls Increase Your Revenue in 2016 and Beyond?
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 larger role in the future, the payment details, licensing requirements across state lines, and other […]
5 Surprising Findings from the 2015 Practice Profitability Index
Do you want to know-how more than 5,000 physicians across the United States feel about their prospects for profitability? Physician sentiment about their businesses is starting to trend into more positive territory. Yes, plenty of challenges remain – but solutions are also emerging that can help, according to the Third Annual Practice Profitability Index (PPI). […]