Recent posts

Deductibles

By editor
January 26, 2016

It's January and that means deductibles have reset and more and more of your patients have very large deductibles and they might not even know it. While the 2016 Medicare Part B deductible is set for $166, commercial plans are reaching up to $3,000 or even $5,000 per year. All this means is that more ... read more

Lockbox Services

By editor
November 11, 2015

There are several reasons for a practice to consider using a Lockbox as the central point to receiving patient and insurance checks. Even though a greater number of insurance payments and correspondence are done electronically, there will still be a need to handle the volume of patient payments from deductibles and copayments. As your percentage ... read more

Medical Practice Marketing In New York by Casey Hart

By editor
October 15, 2015

Medical Practice Marketing in New York City is a high stakes competition, with the highest concentration of the best doctors anywhere. That’s why marketing your practice is so important, and will continue to increase. Online presence has taken the place of “the neighborhood doctor,” and patients search for medical specialists for commonplace conditions. MEDICAL PRACTICE ... read more

Insurance Payer Mix

By editor
September 8, 2015

Often practices rarely analyze just what kind of insurance reimbursement they are receiving for their patient’s services. Experience has shown us that as long of the revenue number is acceptable to the physician, little effort is made to understand just what kind of "insurance mix" the practice has. Clearly if the practice is suddenly is ... read more

Staff Compensation

By editor
June 26, 2015

One of the keys to good office operations is a skilled and happy staff. Too often physicians do not perceive their office as a business operation and therefore handle staff issues, such as job descriptions, benefits, and compensation in an ad hoc manner. Employees finding themselves in this situation often set low levels of work ... read more

An Ounce of Compliance by Wiks Moffat

By editor
April 30, 2015

The government is broke - so regulatory enforcement is up, way up. It’s the new source of fiscal solvency and our nation’s medical practices are increasingly caught up in the scramble for fine and penalty “revenue”. The old saw “An ounce of prevention is worth a pound of cure.” takes on even more significance. So ... read more

Why Your Practice Should Hire A Billing Company

By editor
March 31, 2015

Perhaps one of the biggest reasons providers feel they do not want to hire a billing company is that they do not want to lose control of their billing. The truth is they will gain more control as well as gain more benefits they may have never thought of. Benefits such as increased revenues and ... read more

Patient Eligibility: Why Every Practice Should Be Doing It All Of The Time

By editor
February 24, 2015

The main purpose of eligibility is to verify a patients insurance benefits. Eligibility is also the most effective way of preventing insurance claim denials. If eligibility is done properly you should get paid two to three weeks later. If eligibility is not done at all you risk claims getting denied for lack of coverage and ... read more

Deductibles and Collecting Patient Balances

By editor
January 29, 2015

It's January and that means deductibles have reset and more and more of your patients have very large deductibles and they might not even know it. While the 2015 Medicare Part B deductible is set for $147, commercial plans are reaching up to $3,000 or even $5,000 per year. All this means is that more ... read more

ICD-10: Are You Ready?

By editor
December 8, 2014

As you should already know, the federal government, HHS and CMS, has decided the start date for using ICD-10 codes (Diagnosis codes) on all insurance claims has been moved back to October 1, 2015. In order for you to be fully ready for this change you will need to develop a strategy and you will ... read more

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Practicing physicians are being squeezed from both ends of the economic scale, lower reimbursements for seeing patients...


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