Physicians who fail to take proper precautions and to correctly structure their practices' relationships with their billing companies risk significant legal and financial liability.
Read More »New information technology solutions
Application Services Provider is a relatively new type of outsource provider that delivers and supports software as a service over a network, such as the Internet. This trend is beginning to offer physician practices new and attractive alternatives for changing or upgrading management information systems.
Read More »Life after having your practice owned
The big question is, how can one recognize a prudent opportunity when it appears, after having gone through a bad experience?
Read More »Business advice for residents and fellows
Many residents and fellows have received very little formal education regarding an array of non-clinical business subjects. A senior resident or fellow is likely to be surprised as he or she transition into the professional world. Consider five survival tips to make the transition smoother.
Read More »The role of the front office in reimbursement
There are six essential roles or functions in the front office. With proper data collection tools, education and defined job functions, the front office staff can and will be a cash flow powerhouse.
Read More »When to firm up partnership arrangements
From a resident’s standpoint, if you are looking for a long-term relationship, you should at least ask a lot of questions about the practice’s future plans. From the practice’s standpoint, you may not want to commit to a particular course of action before the "honeymoon" period of associateship.
Read More »Branding the identity of your practice
Branding strategies have long been used in large industry but can be easily modified to meet the needs of today’s medical practices and organizations
Read More »Use every tool to verify patient eligibility
Every time a payor rejects a claim, your practice is not only inconvenienced, but also short-changed. Consider practical steps to prevent your practice from providing services to ineligible health plan enrollees
Read More »Creating outpatient clinics for ancillary services
Ancillary services can assist the physicians in their ultimate goal of providing quality medical care, often in their own office setting, while producing a profit for their efforts.
Read More »The expansion of APRN scope of practice
HB 50 would have two clear effects: (1) to place the Advanced Practice Registered Nurse’s scope of practice on par with the unrestricted practice of medicine and (2) to provide them with extensive prescriptive authority
Read More »