Increasing RevenueTechniques to grow your profit margin
Make Your Medical Practice Website Worth the Cost
INTRO: Robert Kyosaki, author of the book, "Rich Dad, Poor Dad," introduced Americans to the idea that their houses are not assets, as most imagine. He says that assets bring cash into your pockets; liabilities take cash out of your pockets. Pretty simple, right? You can and should apply this principle to any area of your medical practice.
Preventive Care — Is It Still Possible?
Providing preventive care means navigating through a maze of declining reimbursement and increasing patient loads.
The Bigger Picture: Death of Solo Practice — A Myth
INTRO: William Balcom, an orthopedic surgeon, left a six-physician group to join Fallon Clinic, with its 250-odd docs in the Boston area. “The advantages are the stability of the book of business, the ability to hire professionals to guide the business, and the ability to use your skill sets to improve patient care,” he says, happy with how he can specialize at Fallon. Balcom is part of a trend. There has been drip-like decline, slow but steady, in the number of small practices. According to the Center for Studying Health System Change Community Tracking Study, 41 percent of physicians were in solo or two-physician practices in 1996-1997. By 2004-2006, that number had dropped to 33 percent.
How to Bill Like a Lawyer
Coding tips and other techniques to get paid for your time
If You Do It, Get Paid for It
How to Bill for Minor Surgeries
INTRO: Is Your Practice Making Costly Mistakes? It's not enough to have the "right" number of support staff or the "right" billing system. Whatever the structure of your billing operation and regardless of your human or financial resources, to bill accurately and get paid promptly, you must keep a broad perspective on the entire billing process — seeking out chronic mistakes and acting to fix them.
Coding Secrets Unlocked
Coding is no fun, but you gotta get it right. Here’s a how-to guide.
Get Paid the First Time
EOBs Can Hold the Secret
Correct Your Collections
Investing in Staff and Tools Boosts Bottom Line
Front Desk as Profit Center
Good First Impressions Mean Better Collections