An ABN is an “advanced beneficiary notice”, in other words it’s a waiver of liability. An ABN serves as a warning that Medicare may not pay for care that the provider recommends for a patient. When do you have to give a patient an ABN?...
When it comes to running a practice, whether you're a physician or practice manager, there are many aspects that should be treated no differently than running any other business. How you utilize your staff should be one of these! When we get into the monotony of...
Did you know that this week is National Medical Group Practice Week? Did you do anything to celebrate in your practice? You don’t need a scheduled holiday to celebrate your practice and your employees. Some of the most effective staff recognition happens at unscheduled, unexpected times. ...
Hiring is likely one of the least favorite tasks for many of us, but also one of the most important tasks that we do. Employees are the greatest asset of most, if not all, businesses. When hiring new staff, it is very important to find...
It's only midway January, and not too late to implement some New Year's Resolutions in your office. We touched on some ideas in blogs throughout last year regarding practice and revenue cycle management best practices. Here are a few things you should implement in your office...
It’s 2017 and our continued battle to obtain timely payments on patient due balances continues. The good news is there are increasingly better tools and technology available to assist us in this endeavor. Do you have a credit card on file program in your office? Think...
2016 has been a very exciting year for speroMD! We partnered with new clients, launched speroSays, and doubled the size of our office this fall. We have recruited more outstanding staff to join our organization, growing our dedicated team of medical billers, coders, and managers....
We asked Laura Goodman, CPA, CHBC what three pieces of advice she would give to a new physician-owner of a practice about managing their business. Here are her thoughts...
Our Favorite Revenue Cycle Illustration Sometimes we over-simplify processes in our offices and processes related to the revenue cycle. Posting payments, checking in a patient, and releasing charges sound simplistic, but when viewed as part of the greater whole, these pieces become inextricable aspects of the...
Last week we went back to revenue cycle basics with front end best practices. As the second part of our “back to basics” series, we are examining the back end of the revenue cycle. This is the time of year when we reflect more on our...