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Revenue Cycle Management - Billing & Collections

Premium Content Preview | Getting a Handle on Revenue Cycle ManagementEvery practice management system can produce reports, but are you utilizing those reports on a monthly basis? They are the key to your practice management numbers, but it’s amazing how many people I work with who do not know how to run reports
Premium Content Preview | Focus on Technology: Preparing your practice for ICD-10The role technology plays in transitioning your practice to ICD-10 can’t be overstated. Testing that technology and training your staff are also important, but putting the right system in place to begin with is critical
Leveraging the front office
Leveraging the front officeIndependent physician practices can start increasing their cash flow and reducing their bad debt immediately—and they don’t need fancy software or renegotiated reimbursement agreements to do it. All they need is to have some simple systems in place.
Talking treatment costs: Navigating financial discussions with patients
Talking treatment costs: Navigating financial discussions with patientsWhat role should physicians play in discussing the financial impact of treatment decisions, and how can they better manage these conversations?
The revenue cycle decision
The revenue cycle decisionEven the most experienced physicians and practice managers face a daunting dilemma on the financial front: Should they handle billing and collections internally or hand over these tasks to an external vendor? There are strategies that physicians can use to evaluate potential vendors and make the best decision for their practice.
10 tips to assess Revenue Cycle Management vendors
Maximize patient collections using the web
Maximize patient collections using the webWith the addition of EHRs and patient portals, many practices today are better positioned to incorporate modern processes and procedures to manage their accounts receivables more effectively, particularly by improving collections from patients.
Evaluation and management: bill the correct level of careKnowing which CPT code to use for an evaluation and management visit can boost your revenue and help avoid audits
How to build a strategic business plan for your practice
How to build a strategic business plan for your practiceA well-structured strategic business planning process can help your practice in both the short and the long term
10 tips to assess Revenue Cycle Management vendors
10 tips to assess Revenue Cycle Management vendorsOutsourcing revenue cycle management can ease strain on practices, but physicians must study the details before signing a contract.