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 Read More
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 Read More
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 Read More
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 Read More
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 Read More
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 Read More
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