23 Dec 3 Pieces of Advice for New Physician Owners (From an Accountant!)
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...
16 Dec The Revenue Cycle [Infographic]
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...
09 Dec Back to Basics: The Back End of Revenue Cycle
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...
02 Dec Back to Basics: The Front End of Revenue Cycle
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...
23 Nov Thanksgiving Day as Told by ICD-10 Codes
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...
18 Nov How Well is your Practice Taking Advantage of Technology?
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...
11 Nov One Expert’s Insights into Healthcare Changes That Could Impact Your Practice
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...
04 Nov How To: Quickly Review an Insurance Agreement
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...
27 Oct ICD-10 Codes We Hope You Don’t Need This Halloween
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...
21 Oct Top 4 Financial Mistakes Independent Practices Make
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...