Creating a patient pre-registration process for your practice allows your team to focus more on collecting payments and it improves the overall customer experience. In this post, we cover the benefits of patient pre-registration, and touch on what it takes to implement one successfully. What is patient pre-registration? Patient pre-registration is the electronic version of […]
The Doctor’s Complete Guide to Accounts Receivable Management
Accounts receivable management in healthcare is a constant battle for dentists and physicians working in private practice. As the financial burden of healthcare shifts towards the patient in the form of higher deductibles and copays, doctors who don’t have a reliable collection process are in trouble. Neglecting your accounts receivable management is a recipe for […]
A Doctor’s Guide to Their Ideal Practice Location
As the average US population continues to age, the demand for physicians is outpacing supply. According to a report released by the Association of American Medical Colleges, demand for doctors from 2013 to 2025 is projected to grow 17%. By 2025, this demand for physicians may exceed supply by a range of 46,000 to 90,000. […]
RBRVS Overview
Medicare and Medicaid, along with many other commercial third-party payers, use the Medicare Fee Schedule (MFS) system, based on the resource-based relative value scale (RBRVS) to determine the payment amount for various procedures performed by doctors. Understanding the basics of how the RBRVS works is key to managing your clinical revenue stream, practice profitability, and […]
3 Accounts Receivable Metrics Every Doctor Should Know
Accounts receivable is the revenue you generated but have not yet collected. Understanding and monitoring A/R is vital to healthy cash flow for your practice. When A/R gets out of hand, doctors lose out on the revenue they’re owed. Measuring relevant A/R benchmarks can shed valuable insight into your billing and collection processes. Three common […]
The Subtle Difference Between Busy and Productive
Spring is a notoriously busy time of year. The promise of warmer weather and longer days means that it’s finally time to sweep the garage, fill out your bracket, and file your tax return. I hear a lot of people complaining during this busy season – myself included – but the truth is that most […]