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Insights to guide your practice. 

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5 Ways to Find RCM Tools That Grow With Your Practice

by Keith Lage on January 11, 2016

Perhaps there was a time when you could argue that revenue cycle management tools were only worthwhile for large practices with big budgets. All that has changed, however. In fact, a small or new practice may benefit disproportionately from having excellent revenue cycle management tools.

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Topics: Revenue Cycle Management, Practice Management

Balancing Business with Patient Care in Private Practices

by Kaitlyn Houseman on January 8, 2016

Running a successful medical practice is more than taking care of patients. And while most doctors would prefer to just focus on medicine and patients, there are a number of other responsibilities that can come with being a physician at a private practice.

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Topics: Practice Management

Why an EMR Shouldn't Be "Out of the Box"

by Nicole Laucks on January 7, 2016

In a perfect world, every EMR would be easy to use and simple to implement right out of the box. You wouldn't need to close your practice for a few days or pay for that expensive trainer to visit you. Unfortunately this isn't the case and it's causing a lot of practices to hate their EMR.

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Topics: EHR

5 Ways to Support Your Patients With Chronic Health Conditions

by Kaitlyn Houseman on January 6, 2016

Though they can happen at any age, single and multiple chronic health conditions are more common in older patients, and managing them effectively requires that the patient take active part in daily healthcare decisions. A collaborative approach may require more time up front, but long term it can decrease demands on your time by empowering the patient to take better control of his or her health.

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Topics: Practice Management

Obama Signs Meaningful Use Hardship Exemption Legislation

by Kaitlyn Houseman on January 5, 2016

Last week, President Obama signed into law a bill (S 2425) that expands providers' eligibility for hardship exemptions to Stage 2 of the meaningful use program, EHR Intelligence reports. The legislation will create a blanket hardship exemption from 2015 meaningful use penalties, which would have been assessed in 2017.

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Topics: CMS, Incentive Programs

Should Your Practice Charge No Show Fees?

by Kaitlyn Houseman on January 4, 2016

The estimated no-show rate for medical practices is around 5 to 7%. That may not sound bad, but if you consider each missed visit prevents your practice from collecting an average $25 co-payment and $90 reimbursement from a health plan, one or two no-shows per day adds up to tens of thousands of dollars in lost revenue every year.

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Topics: Revenue Cycle Management, Practice Management

New Database Lets Consumers Search for Provider HIPAA Violations

by Kaitlyn Houseman on December 31, 2015

ProPublica has created and launched a new database, called HIPAA Helper, which allows consumers to search for privacy violations by health care providers. An analysis of the database revealed hundreds of repeat HIPAA offenders between 2011 and 2014,ProPublica reports (Ornstein/Waldman [1], ProPublica, 12/29).

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Topics: HIPAA

6 New Medicare Codes Primary Care Doctors Can Use to Increase Payments

by Kaitlyn Houseman on December 30, 2015

What if we told you there was a way to potentially earn tens of thousands of dollars more from Medicare all while improving patient care? It isn't tied to pay to performance measures or linked to alternative payment models either. 

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Topics: Revenue Cycle Management, Coding

10 Reasons a Physician Should Seek an MBA

by Keith Lage on December 29, 2015

More doctors are pursuing the Masters of Business Administration (MBA) degree on top of their medical qualifications. Should you? It can be a wise career move whether or not a doctor is interested in transitioning to the management side of healthcare. But do the pros outweight the cons?

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Topics: Medical Business, Practice Management

Minimizing Malpractice Risks During Flu Season

by Kaitlyn Houseman on December 27, 2015

The 2015-2016 flu season is here, and that means medical practices must be able to handle an influx of people who want to be vaccinated, as well as a possible surge in patient load should the disease spread significantly in your area. Obviously, you want to minimize malpractice risk year-round, but there are certain things you can do during flu season to help minimize risk then, even if you end up with a higher patient load.

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Topics: Practice Management

Most Commonly Unexpected Denied Procedures

by Kaitlyn Houseman on December 23, 2015

Claim denials are an unpleasant fact of life, and too many of them can dramatically impact your practice's cash flow. Not only do coders have to cope with murky and complicated rules for coding and documentation but at the same time they have the threat of an audit hanging over them, and it's not easy.
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Topics: Revenue Cycle Management, Coding, Denial Management

Improving Your Revenue Cycle Management in 2016

by Kaitlyn Houseman on December 22, 2015

A new year on the calendar offers something of the "look and feel" of a clean slate, but any medical practice manager will tell you that things aren't going to get simpler or easier in 2016. The entire revenue cycle management process is undergoing a period of rapid change due to the Affordable Care Act, the rise of value-based reimbursement, and the proliferation of high-deductible healthcare plans.
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Topics: Revenue Cycle Management, Practice Management

Congress Passes Meaningful Use Hardship Exemption Legislation

by Kaitlyn Houseman on December 21, 2015

On Friday, Congress approved legislation (S 2425) that aims to make it easier for providers to obtain hardship exemptions to Stage 2 of the meaningful use program, Health Data Management reports. The bill now heads to President Obama.

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Topics: Incentive Programs

Preparing Your Staff for a Successful EHR Implementation

by Kaitlyn Houseman on December 17, 2015

Medical staff are sometimes resistant to begin using EHRs, especially when changing from a paper system for the first time, due to a belief that the switch will waste time and interrupt their workflow. And when medical staff aren’t properly trained in the use of EHR software, this can actually be the case.

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Topics: EHR, EHR Training

10 Quick Tips for Successful Provider Credentialing

by Kaitlyn Houseman on December 16, 2015

Whether you are adding a new doctor or opening your own practice, you need to start the credentialing process in advance to avoid potential problems. If you ignore the significance of the credentialing process you will experience delayed cash flow, difficult scheduling because of patient restrictions, and repeated phone calls to and from payers.

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Topics: Revenue Cycle Management, Credentialing

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