Category: Practice Management

A Revenue Cycle Management SOAP Note for 2019 Subjective Your medical practice presents today with recurring feelings of frustration and anxiety with secondary pain. The majority of the pain is felt in accounts receivable, as delays and denials double and triple the amount of effort it takes to get paid. The pain is getting moderately

In our review of the 10 best medical billing companies, ElationHealth Medical Billing Service comes in at number 2 with a five star rating based on: Revenue cycle performance metrics, experience and specialties supported, client responsiveness, integrated technology, and over-all customer satisfaction. Physicians with Elation Health’s Clinical First EHR can take advantage of its billing

Near Zero Collections – To Healthy Cash Flow – Emery Medical SolutionsIt was a healthcare provider’s worst nightmare: six months with collections at near zero the result of switching medical billing services. Nor was it a simple technology or communications problem—the billing vendor promised collections in the 90-percent range to lure the Center in, then

The Decision To Outsource Can Be a Tough One Many of our doctors have made the financial decision to outsource claims management and collections to PracticeSuite’s expert RCM services team. Here’s why they choose not to handle RCM in-house: “We’re doing better than we have ever done before…my collection rate has improved.” “The support from

Doctors just want to take care of their patients, but everything you do – or don’t do when it comes to coding, determines what you’ll get paid. So our question to you is this: Is the lack of clinical documentation knowledge killing your bottom line? Under-coding represents the number one area of lost revenue for

This is a true tale, but a cautionary one. We know of a practice where an excellent young physician hired his recently retired CFO dad to help him run his practice. The physician loved treating patients, and Dad, fresh out of corporate America, started a new career as a practice administrator. I bet you can

The Secret To Gaining an Extra 2 Hours a Day  Recently, we’ve been working with a two-doctor, multi-specialty hybrid practice where 70% of their income comes from insurance billing and 30% comes from subscriptions. They’d been bursting at the seams with patients when their long-time office administrator and very experienced biller announced she was moved

Rapid growth is both a blessing and a curse. You start out with plenty of bandwidth to handle all aspects of managing your practice. Your patients love and trust you. It’s the perfect balance of care and collections. Then you grow rapidly…and before you know it, your internal structure is fracturing, billing is falling behind,

Want to scale your practice 25% over the next 12 months? Here’s a common road map: Month 1 – Bring on another doctor Month 2 – Open a new location Month 3 – Accept new patients and new insurances; offer concierge services Month 4 – Hire a NP or PA The fatal flaw contained in