Below you'll find a list of all posts that have been tagged as “Financial Management”
How many patients do you see on average? I’m sure you’d have the answer on the spot. Now let me ask you… What’s your percentage of A/R over 120 days? What’s your first-pass resolution rate? The number of days in A/R? That’s a bit more difficult to answer, would you agree? And that’s the reason …
Are you starting your own practice? Or maybe you’re thinking about starting one? Either way, just as with any new career or job, there will be a learning curve. Sometimes that learning curve is smooth and easy; other times, it’s steep, jagged, and drawn out. But that’s ok because some learning is to be expected …
How effective is your process for collecting money upfront, at the time of service? Do you have to stop and think, or do you know your answer? If you do, congratulations! You belong to a select few who know the numbers of their business, including payments from patients. Unfortunately, many practices find it challenging to keep …
If you’ve been in practice long enough, chances are you’ve had more than one bankruptcy notice land on your desk. The notice informs that one of your patients has filed for bankruptcy. As a listed creditor you are to cease any attempts at collecting outstanding debt at once. That’s right: no more phone calls, letters, …
Part 1 – What To Check The majority of small businesses started within any given year will be gone within five years. And 80% of the ones left won’t make it past the ten-year mark. Scary numbers, right? So why do new small businesses pop up every day, even though most people know there is …
Both patients and healthcare providers are faced with situations where out of pocket healthcare cost are rising. Patients may have difficulty meeting their share of the cost while providers may struggle with wanting to waive fees and balance that with cash flow issues. But there is more to it than that. Before you do that you’ll …
What healthcare provider does not need to know about coding and billing? You need this information if you are in business for yourself…AND you need this information if you work for someone else. On Jan 11, 2015, I will be joined by two experts to discuss this very topic. Join us for this free, community …