Simplifying accounts receivable can only happen after you know the current status of your accounts receivable. There are a couple of numbers or KPIs you can consider when setting a benchmark to accelerate receipt of payment for services and then improve the processes to support that goal. Compare the status of your current accounts receivable … Continue reading Simplifying Medical Office Accounts Receivable
The majority of a medical practice’s Key Performance Indicators (or KPIs) will address Health Care Accounting Processes that add to or take away from revenue. By focusing on KPIs, your practice increases practice efficiency and cash flow. Ultimately, you can see who or what is contributing to productivity and losses. For example, a focus on … Continue reading Simplifying Health Care Accounting Processes in your Practice
After working with a variety of physicians and specialty care groups on back-office functions, we have discovered one universal truth: most physicians prefer serving patients than dealing with accounting. However, staffing, processes and collections are critical to a profitable practice. With more physicians working for small practices or for other physicians than ever before, this … Continue reading Simplifying Staffing: Back-office Efficiency Ties to Physician Productivity
Of course, medical practices are also in business to provide a living for the doctors and staff. Small practices are especially burdened by administration and compliance reporting. It’s important to look for solutions that streamline data collection, but also methods to automate or outsource analysis and reporting. What we typically see in smaller independent medical … Continue reading Which healthcare technologies can support compliance as well as practice management?
Everyone has an opinion on improvements in health care, but not everyone witnesses the day-to-day realities of running a health care practice. Particularly for independent practitioners, the vision is to provide a positive patient experience, comply with the newest outcome-based payment programs and leverage technology to reduce expenses. Although patient care may be their strong … Continue reading What defines a great patient experience?
The Family and Medical Leave Act (FMLA) protects jobs when employees need extended time off because of their own or a family member’s health problems. Who Qualifies for FMLA Leave Employees are eligible for FMLA leave if they worked for a covered employer for at least 12 months and at least 1,250 hours during that … Continue reading Minimize FMLA Abuse
On a regular basis, most physicians have patients that refuse or forget to pay bills. Every business deals with this problem, but medical practices have their own unique set of problems with unpaid bills. First, you can’t retrieve the service you provided. Second, unless the patient is a deadbeat, you probably want to keep the individual as one of … Continue reading Working with Medical Debt Collection Firms