Significant differences exist in the billing performance of physician group practices. Some practices are struggling to maintain a basic level of billing effectiveness while others have made significant improvements in their billing operations--improvements evident in rock bottom accounts receivable, a higher collection ratio and decreased billing errors.
Read More »Swinging pendulum of peer review immunity
A physician subjected to peer review may have little chance of surviving unless early and aggressive measures are taken, facilitated by an understanding the case law and limitations on judicial remedies
Read More »Seven strategies to reduce investment risk
A portfolio’s risk can be reduced and the expected rate of return improved if investments are combined that don’t move together.
Read More »Avoiding top violations of OSHA audits
Many of the most common violations are simple to correct, but being prepared and constantly evaluating your readiness is essential.
Read More »Marketing strategies for your medical practice
Many physicians have reached a time when they expected to take it easy, yet they find themselves working harder than ever. Others are concerned about a continued decline in their patient base. Here are a few suggestions to help you jumpstart your practice.
Read More »Giving expert opinion in court
Physicians who make the best expert witnesses are those who do so occasionally, have unique expertise and get involved because they realize the true importance of the task. Here are guidelines on what to expect.
Read More »Shareholder status and compensation policy
A recent court decision should serve as a wake-up call for physician practices to analyze their compensation policies. This decision raises the specter that the IRS may now begin reviewing distributions by physician corporations more closely.
Read More »Health care business method patents
Patents covering business methods and models may in the end be the most valuable corporate asset. What many health care and medical providers are now learning is that this powerful piece of intellectual property protection is available to them as well.
Read More »Considering physician extenders in your practice
Physician assistants and nurse practitioners, when properly trained and utilized, enable practices to provide a higher quality of services and allow the physician to treat more patients in a timely manner.
Read More »Structuring physician-chiropractor relationships
By working together, physicians can add valuable expertise to their practices, share their administrative burdens and limit the necessity of outside patient referrals, lowering their costs and expanding their revenue. Like most new endeavors, however, the decision of whether and how MDs, DOs and DCs should enter into multidisciplinary practices is ripe with legal aspects that must be carefully considered.
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