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...
It's hard to believe but 2017 is very nearly here. At this busy time of year, many of us make some time for reflection on the past year. What were your successes? Where did you identify some learning opportunities and things upon which you can...
We want to wish all of you a very Happy Thanksgiving! We hope you all have the opportunity to enjoy a relaxing holiday weekend with family and friends. We present a story to you below of a less than ideal Thanksgiving holiday. We certainly hope...
As we near 2017, there is a tremendous variety of technologies available to assist us in our daily lives, as well as our business lives. Most practices utilize an electronic medical record, or some other practice management software. Use of these technologies in and of...
We asked Eric Brodsky, healthcare consultant with close to 30 years experience, his thoughts on upcoming changes he sees in healthcare, and how those changes might impact independent physician practices. There are four areas Eric focused on in his answer. Here are some of Eric’s...
Say you’ve decided to embark on a renegotiation of one or more of your insurance contracts. You know you’re in for a lengthy, at times frustrating, process. Finally, the payor sends you their initial proposal. This includes a multipage agreement, several exhibits, and perhaps a...
Happy Halloween! We decided to take a break this week from our usual blog posts and make this one a bit more fun, still keeping with the medical billing theme. Watch out this Halloween to make sure you don't fall victim to needing these ICD-10...
Laura Goodman, CPA, CHBC is a veteran accountant who has seen it all in the healthcare industry. She has worked with countless independent practices over the years, so we sat down to ask her what she sees are the biggest mistakes her clients have made...
When was the last time you reviewed your practice’s charge schedule? Has it been a few years? Maybe you’ve never reviewed it since it was initially set? Optimizing practices' fee schedules is crucial to the financial health of a practice. You don’t need to be constantly reviewing...