Previously, prolonged services were much easier to apply when the physician documentation supported the service than it is now. It is no longer just reviewing the medical necessity, total time spent and location of service for the visit. We now have to take the patients insurance into consideration as well as the level of service performed.
Are you struggling to reconcile your financial data between AdvancedMD and QuickBooks? You are not alone! Many professionals face the same challenge when managing accounts receivable and ensuring accurate financial reporting.
The practice annual review. Something independent practice owners almost universally recognize as a priority. But how do you effectively assess the health of the business side of your practice, and spot and treat issues almost certainly lurking somewhere in the numbers? Beyond required year-end financials and taxes – and reviewing a few key numbers – … Continued
Practices empowered. Potential realized. Lives changed. Founded in 1999 as the pioneer of cloud medical billing software, AdvancedMD today is a preferred choice for independent practices of all sizes and specialties. Leveraging our position as a top-tier practice management provider, we unify electronic health records and more than a dozen patient engagement and patient self-service … Continued
Enjoy our comprehensive codebook for 2025. Private practice healthcare billing and coding is always challenging. Keeping up with year-over-year changes can be just as daunting. Staying abreast of the medical codes for your specialty can have a big impact on your revenue cycle management and revenue collections performance. To help transform your billing and coding … Continued
Telemedicine is medicine’s biggest shakeup in history. The shortfall of primary care physicians over the next decade could be as high as 35,000. These challenges call for better technology and new approaches to treatment.
For many physicians, independent practice actually is everything it’s cracked up to be – on most counts. Greatly expanded flexibility, control, decision making latitude, and trusted patient relationships are highly satisfying and fulfilling vs. the employment alternative. On the flip side, there are challenges to be faced and overcome – month-to-month profitability among the chiefest. Perhaps … Continued
In this eBook, AdvancedMD takes a deep dive into the most common medical billing challenges private practices face and outlines ten key functions of a successful medical billing strategy. Every private practice owner knows that financial stability is a must if they want to continue to provide exceptional care for their patients. But creating effective … Continued
The economics of the impacts of scheduling on a medical practice are pretty simple: fewer patients = lower income. And no-shows are the major contributor in turning a solidly-booked day into a checkerboard of open time slots. It’s typically part of a mundane scheduling discussion, with no-shows an acknowledged inevitable reality of medical practice – … Continued
Practice revenue leaks don’t go away, but they can be stopped A few years ago, we published an eBook entitled “3 Tips for Stopping Revenue Leaks.” In it, we identified three key areas many practices were struggling with at the time that negatively impacted revenue. A lot has changed in the short few years since … Continued
Implementing effective medical billing workflows not only helps streamline daily operations, but is key to building a thriving practice. Your practice’s success relies on your ability to implement effective medical billing processes that not only drive efficiencies, but make it easier to receive payments from payors and patients. As a leading provider of medical billing … Continued
AdvancedMD Pay supports the PAX A920, a revolutionary credit card processing terminal. Make a great impression with a strikingly beautiful and ergonomically designed scanner and create a high-tech look at your front desk. Add a touch of elegance, style, and security to every in-office patient payment experience. Powered by Android, the A920 is a powerful … Continued