As an independent practice physician, you care about two things when it comes to your practice: patient care and its financial health. Many physicians go into business for themselves because they want to be independent, and one of the biggest ways to ensure that your practice stays independent is the ability to maximize your revenue … Continued
With the increasing news of patients failing to pay their medical bills, pressuring them for payment may actually result in fewer dollars and referrals received—as contrary as that may sound. But there is a counter force that demonstrates a higher reimbursement rate and an improved bottom line with start-to-finish patient satisfaction. The news on medical … Continued
AdvancedMD offers a revenue cycle management service for ophthalmology and many other specialties. We compiled historic revenue collections performance data from the past four years to show the results our ophthalmology clients have achieved. This infographic includes charts and graphs to showcase the key performance indicators that are most important to our clients and their … Continued
A successful private practice is not easy to run. It requires an array of staff members, including but not limited to healthcare providers, administrative staff, financial staff, and business-forward staff members to all work together to improve patient engagement and retention while also improving profit and revenue.
What Is Credentialing? Credentialing is the formal process of verifying a provider’s qualifications. This ensures that doctors and nurses have the proper training and experience to provide the highest level of care to patients.
Learn how our revenue cycle management team gives you a flexible & transparent billing experience with rich data & analytics reporting to show billing & collections performance.
Revenue cycle management is one of the most critical aspects of a financially-viable and successful practice. It is also one of the most challenging, especially for independent providers and small group practices. Some practices choose to do their own coding, billing, and collections, while others choose to outsource some or all aspects of their revenue … Continued
The AdvancedMD-Practice Fusion partnership is the most established for Practice Fusion customers needing sound billing solutions with high levels of practice automation. Our billing software and exclusive Practice Fusion Resolution Center let you manage your entire claims process in one unified way with a robust Change Healthcare clearinghouse that automates manual processes and improves workflow. … Continued
This eBook was created for laboratory/pathology clinic administrators who are evaluating in-sourcing versus outsourcing revenue cycle management for value-based care. After years of discussion, debate, and false starts, the era of value-based care (VBC) is impacting billing and collections. This new landscape presents lab owners with a serious triple threat: increased complexity more stringent reporting … Continued
Revenue collection is a necessary part of your clinic operations, but it’s also one of the most difficult. From large multi-specialty, multi-provider, multi-location to small independent physician clinics with a single provider, revenue collection remains one of the most frustrating parts of private practice. The financial pressures of running a clinic are one of the … Continued
Parts one and two of our blog post covered some key ways you can better optimize your revenue cycle, rather than just managing it. Using technology to your advantage and making some small tweaks to your workflows can help you improve your bottom line immediately. Here are two additional things to keep in mind. Best … Continued
In part one of this blog post, we covered two best practices for finding a revenue cycle management system that not only “manages” your clinic billing and collections but optimizes it to increase total revenue and improve your bottom line. Here are a few more ways you can optimize your RCM to bring in more … Continued
Jed Shay, MD
The Pain Care Center
Keith Berkowitz, MD
Center for Balanced Health
Estaban Lavato, MD
La Loma Medical Center
Raju Raval, MD
Read the story ›