The payer enrollment process is unwieldy and can have a serious impact on your revenue cycle. However, it is a necessary task that, although it can be painful, is critical to the health of your practice. Either the delayed enrollment of a new provider or...
Springtime brings a different kind of cleaning – make fall the time you’ll plan to tend to your managed care contracts. Many of us cannot put our hands on many of our managed care contracts. Others have some in hand but haven’t looked at them in...
Following up on our last post, we asked Eric Brodsky, the Chief Operating Officer of Midwest Center for Women’s HealthCare, and wealth of knowledge regarding all things revenue cycle, what significant changes he has seen in recent years that impact the bottom line of a...
We asked Eric Brodsky, the Chief Operating Officer of Midwest Center for Women's Healthcare, and wealth of knowledge regarding all things revenue cycle, what significant changes he has seen in recent years that impact the bottom line of a practice. He gave us three positives...
By: Paul D. Vanchiere, MBA 1. Physician owners not sharing information with employed doctors. Employed physicians desire feedback about their performance. They appreciate monthly, quarterly and annual performance reports and they want to be informed about patients, revenue and changes to procedures and policies. Although they are...
One of the changes to have come from the Patient Protection and Affordable Care Act was the creation of CO-OP insurance plans. These Consumer Oriented and Operated Plans were intended to be an alternative to traditional health insurance plans offered on ACA-mandated health care exchanges. ...
Many of us have felt the gradual increase of medical costs due directly from the patient, both within our businesses and our own pocketbooks. Particularly with the growing popularity of high deductible health plans, physicians have to contend with a larger portion of their accounts...
By: Laura Goodman Laura Goodman, CPA, CHBC is a Partner at FGMK, LLC and has provided accounting, tax and financial management services to closely held healthcare and real estate businesses for more than 25 years. Here expertise includes tax structuring and transaction planning, strategic business consulting,...
By: Paul D. Vanchiere, MBA 1.Inaccurate data and reporting for practice management and revenue cycle management It is difficult to report, benchmark and lead the business of a medical practice if no one can access the information. Many practices do not have the resources nor do some...
We hope everyone enjoys a happy, healthy 4th of July weekend. In honor of the holiday, please enjoy our take on the worst 4th of July picnic ever, as told by ICD-10 codes: The holiday starts out great with a fun game of bags. [caption id="attachment_764" align="aligncenter"...