Physician Practice Process Improvement Similar to the mid to late 1990’s, medical practice management today has begun to be dominated by mergers, affiliations, and other external strategic initiatives aimed, ideally, at enhancing economic potential and performance within a rapidly-changing industry … [Read more...]
CMS Expansion of Telehealth Services During COVID-19
Medicare & Medicaid Telehealth Services The Centers for Medicare & Medicaid Services (CMS) expanded the list of telehealth services that Medicare Fee-For-Service will pay for during the coronavirus disease 2019 (COVID-19) Public Health Emergency (PHE). CMS is also providing additional … [Read more...]
Medicare’s Quality Payment Program Website Updated
Medicare's Quality Payment Program The Centers for Medicare & Medicaid Services (CMS) has updated the Quality Payment Program website to include 2020 Alternative Payment Model (APM) Incentive Payment details. To access this information, clinicians and surrogates can now log in to the QPP … [Read more...]
Addressing Decline in Managed Care Payer Reimbursement
Managed Care Contracting Here is a recent email exchange between practice administrators regarding managed care: First administrator: I was in the dumps already since Aetna and BC/BS of Texas alerted us least week of fee changes. Today I get a letter from United that they will also change … [Read more...]
Medical Practice Accounts Payable and Internal Controls
Medical Practice Accounts Payable Internal Controls The vital role that internal controls play within any well managed medical practice is widely recognized. Knowledgeable practice managers are well aware that poor controls in this single area can result in far more dire consequences than simply … [Read more...]
The ABCs of Building a Financially Healthy Medical Practice
Want a Financially Healthy Medical Practice? As changes continue to occur in the healthcare industry, physicians are taking a hard look at the numbers of a medical practice and gauging whether the year at hand will be economically successful. To analyze the productivity of the practice, physicians … [Read more...]