nbsp Competition for good candidates forces many physician practices to reduce time to partnership today. The typical two-year wait is dangerously short already that s not much time to evaluate... Read More >
nbsp From www.mgma.com An intense lobbying campaign by MGMA, pharmacy organizations, state officials and provider groups has caused Congress to issue a six-month delay of the Oct. requirement to use... Read More >
Don t give out bonuses just to look like the good guys This is why I hate Christmas bonuses employees expect it and not necessarily earn it . If you... Read More >
From OIG To access the Advisory Opinion document - concerning the physicians on-call coverage and uncompensated inpatient care arrangement employed by a medical center go here http www.oig.hhs.gov fraud docs... Read More >
Practice Administrator Bonus Plan Incentivizing Performance I ran across this sample practice administrator bonus plan in one of the numerous listservs I subscribe to I thought it was a pretty... Read More >
To manage revenue in a cost-effective manner, perform annual miniaudits of your reporting, coding, and billing activities. The audits serve the following valuable purposes Identify discrepancies. By examining the information... Read More >
Looking for a definitions within the False Claims Act? Try here: http://www4.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003729—-000-.html Read More >
nbsp Delays are sometimes unavoidable, but don t allow your patients to sit and quietly or loudly stew over the extra time they re spending in your waiting room. Take... Read More >
Many of the multiple skills a good physician leader needs are innate rather than learned. I think these are some of them let me know if you can think of... Read More >
Harvard Business Online has a coach named Marshall Goldsmith who has written or co-edited books. In answer to the question How Do I Provide Meaningful Recognition? Marshall references the following... Read More >
nbsp Every physician practice should get an employee to fill out the FMLA forms before she leavers for maternity leave. They are available for download at http www.dol.gov esa regs... Read More >
nbsp On September , , the Centers for Medicare amp Medicaid Services CMS published long-awaited final Phase III rules under the Stark Law Physician Self-Referral Law, Sec. of the Social... Read More >
A friend sent this to me and I thought I would share it with all of my readers it s title is How to Stay Young . Throw out nonessential... Read More >
As your patients increasingly use the Internet, explore ways to use e-mail and your Web page to remind them about appointments. Many practices already send e-mail reminders to patients who... Read More >
nbsp To improve productivity, consider installing a light signaling system with computer interfaces at your practice. Having relied on the shout-down-the-hall method for years, you may find it hard to... Read More >
If your income statement s bottom line shows an unexpected poor performance, use other statement details to track down what happened. Like classic symptoms pointing you toward ordering specific medical... Read More >
When a key staffer quits, there s often a feeling that the office will be in crisis until you find a replacement. This leads to hurried recruitment. As a result,... Read More >
The Truth About Sending IRS Form to Patients for Bad Debt Many practices want to send a patient a Form when they write off their account as a bad debt... Read More >
It s a FACT that the better performing physician offices are the ones that do the best at human resources. Keeping good employees is a must in a time when... Read More >
You may be able to afford generous monthly goodwill pay-outs if one member dies, retires, or withdraws. But what if a second and even a third partner leaves shortly thereafter?... Read More >
Significantly improve reimbursement and cut down on denials by giving coding the attention it deserves. The following are common coding issues and their effect on your bottom line . Inaccurate... Read More >
nbsp Medical groups often expend time and energy haggling over intangible assets goodwill when setting a buy-in price. But they seldom give enough thought to valuation methods for tangible items... Read More >
Tips for a Welcoming Medical Office What kind of atmosphere does your medical office provide for patients? Avoid extremes A utilitarian approach might result in a cold, sterile feel. A... Read More >
Evaluating Billing Applicants Essential Situational Questions I m a big believer in situational interviewing asking applicants how they would handle certain situations. Asking real world questions and seeing if the... Read More >
As your surgery center continues to grow and you look for ways to bring in more reimbursement, don t overlook the critical compliance problems that could come into play. With... Read More >
Looking for help in automating your credentialing applications? If so, take a look at these two products: http://www.symed.com/products_OAP.aspx Read More >
Before promising partnership to a new recruit, define the minimum obligations of being a co-owner and measure new recruits against them. Three features that must be on any group s... Read More >
Looking to create a business plan for your medical practice or healthcare entity? First, you should call your CPA for help. Second, check out these free templates on the internet... Read More >
nbsp The focus on satisfaction must permeate your entire organization, so get everyone on the same page by adopting a vision statement. In every exam room, nursing station, billing desk,... Read More >
If a candidate possesses of what you need for a partner or employee, what would prevent you from offering a position? Consider short-term inconvenience versus long-term gains. In the short... Read More >
Subscribe to my blog
As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >
