2 Practice management tips to improve your workflow If you want to stay independent, your private practice needs to run like a well-oiled machine. You’ve got to do two things really well: 1) deliver quality patient care, and 2) make smart business decisions. Staffing and task management directly affect how well you do those things. … Continued
Running a private practice today requires more than providing quality patient care; it takes business savvy. And if you want to remain independent, you need to fix those financial practices that are sending your much-needed revenue down the drain. Missed opportunities for collecting patient payments and rectifying claims denials are sure to dry up your … Continued
A new year is a good time to develop a solid strategic plan, one that identifies goals, processes, and the unique needs of your practice. Taking the time to evaluate your administrative, clinical, and financial performance of the past year will help you more effectively chart a course for a prosperous future. Make this year … Continued
#1 Favorite download Best Practices to Improve Patient Payments Regardless of geography, demographics or patient income, balance collections are in a sorry state for most small practices. In fact, private practices are now among the largest unsecured credit grantors in the country. How did we get to this point? As the money from insurance companies … Continued
Did you know doctors in the U.S. lose roughly $125 billion due to poor billing practices every year? During this recorded presentation, you’ll learn how the Medical Billing Services offered by AdvancedMD can maximize patient collections, improve denial management from ICD-10, and create custom reports analyzing practice data.
Abstract More than likely, adding benchmarking to your independent practice has been on your to-do list for quite some time. It’s now more important than ever to measure the key financial metrics of your practice. No matter how large or small your independent practice, finding areas to improve makes for a happier and more efficient … Continued
Abstract More than likely, adding benchmarking to your independent practice has been on your to-do list for quite some time. It’s now more important than ever to measure the key financial metrics of your practice. No matter how large or small your independent practice, finding areas to improve makes for a happier and more efficient … Continued
While attending MGMA 2015 Annual Conference in Nashville, TN, AdvancedMD announced two new technologies:AdvancedBenchmarking and AdvancedExchange. These two technologies are part of an increasingly-broad array of products that extend the capabilities of our core practice management and EHR bundle, which are meant to give you freedom to practice with improved operational performance and patient engagement tools. … Continued
The biggest effort required in the ICD-10 transition has fallen squarely on the shoulders of those who use the new codes for diagnosis and reimbursement. You have needed to quickly educate yourself on how ICD-10 will change the codes you use most and analyze your top ICD-9 codes to determine the impact the new ICD-10 … Continued
Patient appointments are the gateway to your practice’s revenue. If scheduling and appointments aren’t managed well, you’re going to have holes in your schedule…and your bank account.
Here’s a recap on how the transition to ICD-10 went for the first two days for the AdvancedMD clients. We are pleased that support calls were much lower than expected, which is a testament on how prepared the AdvancedMD associates were for this big day. The majority of calls we received were questions around the charge slip, … Continued
Abstract Some practices are still not prepared for the medical coding conversion. Some practices may be well on their way, but others might need some last minute tips now that the time has passed. Focusing on areas such as your budget, training, coding and technology will help you get a quick start on your planning. Practices that … Continued