Medical Practice Assessment Year end is a great time of year – not only because it’s the holiday season for most but because it’s a good time to evaluate and conduct an assessment your medical practice. So, what went right this year and how can you capitalize on those strengths moving into next … [Read more...]
Medical Practice Accounts Receivable Statistics
Medical Practice Accounts Receivable Statistics Administrators produce pounds of paper as part of the month-end close process. Typically, buried deep within these reports lies the key to Accounts Receivable (AR) performance. These statistics are usually filed away with other documents, often … [Read more...]
Tax Security Awareness
Tax Security The IRS and its Security Summit partners recently held the annual National Tax Security Awareness Week. One of the key messages this year was even if someone doesn't file a tax return, their online interactions can lead to scammers stealing sensitive information and using it to try and … [Read more...]
6 Ways to Protect Yourself from Cybercrime
Cybercrime is a Risk Cybercrime is a constant concern in the online world which means everyone must be mindful of risks when they share devices, shop online and interact on social media. While this may seem overwhelming, it doesn't have to be. A few small security measures can lower the risk of … [Read more...]
5 Quick Tips For a Clean Claim
Tips for Filing a Clean Claim Errors in physician billing are common. One of the most common errors is the failure to electronically file a clean claim. Sample Texas law definition is here. A clean claim has no defect, impropriety or special circumstance, including incomplete documentation that … [Read more...]
Checklist for a Profitable Medical Practice
Plan for a Profitable Medical Practice A successful medical practice no longer happens by chance. Profitable operations for any physician practice today demands planning, analysis, forethought, a defined direction and especially hands-on management. So here is a checklist to help you with your … [Read more...]