Medical billing & EHR software makes staying on top of ICD-10 code updates a snap. Medical billing & EHR software tips for tackling 1,900 new ICD-10 codes Just when you thought your biggest ICD-10 challenges were behind you, the Centers for Medicare and Medicaid Services (CMS) and the Centers for Disease Control and Prevention announced … Continued
The powerful benefits of integrated practice management Many medical practices today are juggling a host of several software platforms that can be an administrative headache when it comes to workflow, efficient use of your manpower, and the cost of maintaining separate clearinghouse contracts with various vendors. Today, top practice management vendors like AdvancedMD are combining … Continued
Looking for a way to get a handle on Relative Value Units (RVUs) tied to Medicare payments or even use RVUs in your own practice? Here’s the formula Medicare uses to calculate payments for the services you provide: (Work RVUs x Work GPCI) + (Practice Expense RVUs x Practice Expense GPCI) + (Malpractice RVUs x Malpractice GPCI) = Total RVU Total … Continued
Attracting and keeping patients is critical for a thriving practice but recent patient satisfaction surveys show there’s a lot of frustration out there. Private practitioners who put patient satisfaction at the top of their list are going to see their practices grow, revenue increase, and happily maintain their independence. It’s important to understand what makes … Continued
AdvancedMD integrated payments is chip-and-PIN compliant. Learn how OpenEdge, a credit card processing solution, can help streamline your practice’s credit card billing processes and procedures, creating a faster time to revenue. A common concern among practices is getting paid quicker for appointments. What if your practice had a credit card processing tool to reduce the number of … Continued
Inefficient front office processes, claim denials, and bad debt are probably the three biggest areas where you’re leaking practice revenue. It’s time to shore up your finances with three practice management tips for stopping the revenue leaks that are draining your practice profitability. 1. Shore up your check-in process Patient check-in is a critical point … Continued
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
Jed Shay, MD
The Pain Care Center
Keith Berkowitz, MD
Center for Balanced Health
Estaban Lavato, MD
La Loma Medical Center
Raju Raval, MD
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