Jan 06 2008
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Welcome to 2008! It’s already been a busy time. If you have not already done so, make sure you evaluate your fee schedules. There are new CPT codes and new reimbursements in place or will be put in place shortly.
Sep 15 2007
Last evening, I had dinner with two other the Nurse Practitioner business owners. One of them has been in her practice for seven years and the other for less than six months. As for myself, I’ve owned my own practice for little over a year now. The focus of all of our practices its primary care. Continue Reading »
Jun 09 2007
When opening their offices, many Nurse Practitioners look for ways to meet the needs of the uninsured and under-insured patient. This can often be a challenge because of several rules and regulations are in place regarding fee schedules particularly with Medicare. For instance it’s my understanding that you cannot bill a patient less than your Medicare allowable.
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May 29 2007
I got a call this evening from an NP friend of mine who opened her practice in November 2006. She’s been dealing with doing electronic billing with Medicare. She tells me that after months of working with them, doing test runs, etc…they were all ready to do. Now mind you, these test runs were done with Medicare…everyone said it’s a go.
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May 06 2007
All practices need a system for billing and tracking their income. You really cannot do without it. I know…we tried to use regular accounting software (Quick Books), but it just can’t do what you need it to do. Not in the arena of practice management anyway. And a spread sheet just can’t cut it. Continue Reading »
Tags: Billing, Practice MgmtMay 04 2007
When you open your practice, you have to decide how you want to accept payment. Seems simple enough doesn’t it. You want people to pay you! It’s essential to have a cash flow in order to keep your office open. But that is where the simplicity ends. Continue Reading »
Tag: BillingApr 25 2007
One of the biggest challenges to any business is cash flow. In a healthcare practice that boils down to just plain old coding and billing. Unfortunately this is something any of us learned in school.
For me, this is but one of the largest challenges that I’ve faced since opening their doors nine months ago. Initially, we had outsourced billing to a company that promised to submit her bills, follow-up on any denials, do the secondary billing and mail out statements to patients. We were also promised real-time access to data via their website. Unfortunately and Continue Reading »
Tags: Billing, Practice Mgmt, Startup
