Effective Collections Strategy for Physician Practices || Declining reimbursement, increasing deductibles and copayments, healthcare reform, rising accounts receivable, and slow paying patients. Sound familiar? Maximizing revenue is critical for small and medium-size physician practices now … [Read more...]
HIPAA Breach Notification Deadline Approaching
Report HIPAA Breaches by Upcoming Deadline || 2022 was a big year for HIPPA breaches, with 615 large-scale breaches reported affecting 49,702,726 patients. If your medical practice or healthcare entity suffered a breach in 2022, there are steps you need to take to report the incidents. Yearly … [Read more...]
Financial Pitfalls in the New Year
Watch out for these Financial Pitfalls in the New Year || As people move through different stages of life, there are new financial opportunities and potential pitfalls around every corner. Here are common money mistakes to watch out for at every age. Your 20s & 30s Being financially … [Read more...]
Medical Practice Metrics and KPIs
Another View of Medical Practice Metrics With the advent of modern practice management software, there is no limit to the metrics data your practice can measure. Unlimited data, however, can be overwhelming. It’s better and more useful to focus on key performance indicators (KPIs). Just throwing … [Read more...]
Using a Portal to Communicate with your Patients
Success with Patient Portals Patient portals as a way of communicating with and to patients is now becoming more popular with patients portals and physicians. While patient portals require no small amount of IT expertise and over-sight to build and maintain; once established, they provide a … [Read more...]
Beware of Third Parties Promoting Improper Employee Retention Credit (ERC) Claims
Be wary of Third Party Fraud Schemes The Internal Revenue Service is warning employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and … [Read more...]