Below you'll find a list of all posts that have been tagged as “Insurance”
Quite frequently in the public Facebook NP business group, the question comes up about starting a cash practice vs an insurance-based practice. Unfortunately, there is a lot of misinformation and myths around one or the other. Neither is perfect and neither is bad. They are different animals if you will that practices need to learn …
Do you, your staff, and/or your patients understand these common insurance terms – deductibles, co-pay, and co-insurance? I bet you would tell me not everyone. Chances are most of the people working in or visiting healthcare practices need a bit of a primer on these important terms, what they mean, and how they can impact …
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 …
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 …
If you’re scratching your head wondering what I’m talking about, this article may not be for you. But if you see a flash of problems across your minds’ eye, read on… because this is for you! Headaches, obstacles, problems, challenges, opportunities… Whatever you call them, if you’ve been in practice for any length of time, …
Too many practices make a crucial mistake… In the spirit of being helpful and getting things done, they take on jobs that should be handled by their patients. In the process, they assume far too much responsibility, financial and non-financial alike. This ends up costing the practice hours in lost productivity and ultimately lost revenue. …
Ok, so tending to year-end business tasks may not be the most exciting thing you’ll do all year. However, taking care of these tasks may pay big dividends over the long run. Of course, there is an extensive list of things to get done at year end; some of them more important than others. How …