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 to “Treat” The Biggest Headaches In Private Practice? Part2
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 …
How to “Treat” The Biggest Headaches In Private Practice?
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, …
Who Is Responsible: You or Your Patient?
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. …
3 Simple Year-End Business Tasks To Do Now To Win In The New Year.
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 …
Opting Out of Medicare
Whenever Medicare changes its rules, providers express interest in opting out of Medicare. Indeed, many clinicians are wondering about, and opting out of third party payment systems for a variety of reasons (low payment, no payment, and hassle factors), which we will explore in another article. However, with the Medicare Access and CHIP Reauthorization Act …
Copays, Coinsurance and Deductibles
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 …