News and industry information

Industry News

The Tricky Economics of Running a Medical Practice

October 11, 2017 | Source: Physicians Practice

The cost of running an office goes up every year.
Full Article >>

Practice Financials are a Delicate Balance

October 9, 2017 | Source: Physicians Practice

It is important to carefully observe the finances coming in verses going out of your practice. If you don't, your practice can suffer just like a patient can.
Full Article >>

Medical Practices Failing in Customer Service Training

September 10, 2017 | Soruce: Physicians Practice

A recent poll by the Medical Group Management Association (MGMA) found that nearly half of practice leaders [47 percent] say their staff members need additional training in customer service. The poll also found that practice leaders see more training needed in the areas of revenue cycle issues, government regulations, and leadership. Physicians Practice recently sat down with Ken Hertz, a principle consultant at MGMA, to dig deeper into the issues practices are having with training staff members.
Full Article >>

A Plan of Attack on Getting What You Owe from Payers

September 9, 2017 | Source: Physicians Practice

Each office should have a system in place to pursue disputes with health plans and insurance companies.
Full Article >>

Technology Makes Me a Better Doctor, Entrepreneur, Person

September 8, 2017 | Source: Physicians Practice

It's not just any health technology, but effective, modern health technology enables advantages.
Full Article >>

The Lifecycle of a Medical Claim: Identifying Practice Problems

August 7, 2017 | Source: Physicians Practice

You owe it to yourself and your practice to start identifying.
Full Article >>

Moving Your Practice Past Industry Benchmarks

August 4, 2017 | Source: Physicians Practice

Maintaining your business and your numbers should never be taken as a simple side task. It should be the center of your business, and a majority of the decisions made should revolve around your requirements, goals, and resource availability.
Full Article >>

If You Operate a Medical Practice, You Should be Outsourcing

July 24, 2017 | Source: Medical Economics

An outsourcing company can be more efficient in completing jobs while freeing up other employees to shine in the assignments they were hired to complete. It’s a win-win.
Full Article >>

Many Physicians, Still Fuzzy on Details, Feel Unprepared for QPP

Regardless of their size, specialty or level of preparedness, medical practices are concerned that the implementation of Medicare’s Quality Payment Program (QPP) will be burdensome and time consuming, according to a new survey conducted by the AMA and the KPMG consulting firm.
Full Article >>

How to Handle an Audit from Medicare or Other Payers

What are the steps you should follow and what are the mistakes you should avoid making?
Full Article >>