New Practice Billing Toolbox Series 4 of 4: Systems and Processes
This blog will help the private practice owner develop a framework of medical billing that will help them to bill insurance successfully.
Do These 5 Things When Insurance Won't Pay
We hear it all the time. What do I do if my claims get denied? This is a complicated question because claim denials are a symptom of the problem, but the issue is that the byzantine nature of insurance means that there could be a host of root causes that lead to claim denials. Claim denials are pretty commonplace and are scary to receive. They are scary because it means that all that hard work is at risk of not reaping a reward. Don't panic though, because there are several t
New Practice Billing Toolbox Series 3 of 4: To Outsource or Not to Outsource
Main Points The value of outsourcing vs doing it yourself Choosing an outsourced biller that is a good fit for you Knowing when and who to pick for vendors Utilizing vendors in business is a very common practice. If you think about it it makes sense. For example, Ford would not be able to manufacture the bolts and nuts that go into their cars and manufacture the cars themselves. So they look at other companies to work with bat manufacturer the bolts and nuts. This idea and co
New Practice Billing Toolbox Series 2 of 4: How to choose an EHR
Main Points Choose an EHR that is user-friendly Choose an EHR that automates patient registration Choose an EHR that can produce valuable data so you can run the business Choose an EHR that is budget-friendly Running a private practice in the current century requires the use of an electronic health record or EHR. This is a system that helps you to maintain compliant documentation around patient care and it helps you to facilitate the claims process. Without the use of an EHR
New Practice Billing Toolbox Series 1 of 4: Billing Basics
Main Points Be sure to know your credentialing status with each insurance company Put a financial policy in place for your patient's cost-share amounts Start to map out your key business processes Starting our practice is a very exciting venture because you have finally reached a point where you can do where you what you want to do. But running a practice is complex especially if you're going to take insurance. Here are our top tips and tricks to ensure that you are billing p
What We See Working in Private Practice Right Now!
The COVID-19 crisis is about to separate successful businesses from teetering businesses. Why? Because April is around the corner and bills are coming due. Those businesses and practices that have prepared for the downturn are going to make it through this and the ones that haven't are going to have some uncomfortable times ahead. BUT... There are some patterns emerging from some of the practices that we work with that we feel are setting the standard for getting through this