practice management Blog posts
Medical billing and coding are complicated. For many medical practices, they are often overwhelming when combined with all the other responsibilities your staff has. If this process is plaguing your practice, a structured revenue cycle management (RCM) system may need to be implemented to help your practice operate more smoothly and optimize cash flow.
The ability of patients to pay their medical bills is declining due to rising out-of-pocket costs from high-deductible health insurance plans. Combine this with continuing reforms to the nation’s healthcare system, and it’s becoming more and more challenging to keep your practice readily profitable.
A patient financial policy is a crucial step in the patient revenue cycle. It is an opportunity for a practice to communicate their financial expectations to the patient as well as document the patient’s understanding.
You’ve noticed that one of your employees has been making a lot of errors recently. Or maybe a staff member always seems to be behind on his work. Before letting the employee go, take some time to consider your next move. With a little time and effort, you may be able to uncover the deeper […]