Below you'll find a list of all posts that have been tagged as “Cash Flow”
Every business comes with its own set of headaches; that’s just the way it is. Health care is no different; and running a practice has its own, unique set of challenges, including: Getting paid by insurance and patients Getting and staying credentialed Creating consistent cash flow Then there’s the ever-changing landscape of healthcare… but that’s a …
Regardless if you’re an employee or a business owner you want to keep improving your financial IQ. Of all the books I’ve read over the years, few have done more to boost my financial IQ than Robert Kiyosaki’s “Rich Dad, Poor Dad” and “Cash Flow Quadrant.” “Rich Dad, Poor Dad” is a powerful introduction to …
We talked about revenue and expenses last week. Did you get a chance to look at the numbers for your practice? Was there room for adjusting one or the other, or perhaps both? What would you have to do to increase your revenue, decrease your expenses, or perhaps a combination of the two? If you …
As a small practice owner you wear many hats throughout the day; it’s probably second nature to you by now. Throughout the day you’re not only the provider; there are times you may also be the: Marketer Communicator Front Desk Helper Medical Assistant Techie Human Resource Director Bookkeeper Bill collector Number cruncher Coder and Biller …
Many small practices are expected to go out of business with the changes in ICD10. Why? October 1, 2014 ushers in the largest change many of us have seen in medical billing and coding as the US adopts ICD10. The changes are sweeping. According to the CDC, there are almost 19 times as many procedure …
It’s less than one year away. On October 1, 2014, ICD-10 will take effect. It’s a major change that is likely to cause any number of snafus, ultimately resulting in major delays in reimbursement to providers. It’s critical that first and foremost, you do everything you can in your practice to ensure that you are …
Nurse Practitioners and other clinicians are wise to have built up a cash reserve for their practice. If you’ve not yet done this, this tip will get you started. Financial experts often advise us that we should have a three month cash reserves at all times. The premise behind this is to protect you should …