Practice Management Software Coupon––PracticeSuite Discount Code

Practice Management Software Coupon––PracticeSuite Discount Code

The best kind of coupons are the ones that save you money, but on something you need and were going to buy anyway. The coupon just sweetens the deal and makes the purchase that much more enjoyable. A step up from this is something the truly gifted shopper can accomplish – to strategically spot coupons for items they need, but that are also on sale––whether it’s 20%-30% off, buy one get one free, or better yet on the clearance rack....

Practice Management Hack #4: Gracefully Collecting Past-Due Patient Balances

Practice Management Hack #4: Gracefully Collecting Past-Due Patient Balances

Being paid on time, and often at the time that services are rendered or products are sold, lies at the heart of cash flow, and more generally, business itself. Unfortunately, in the medical profession, billing and payment processes can be overly complex thanks to regulations and plain miscommunication. Whether a patient has been seen and his or her insurance plan does not cover the visit or a life-saving emergency occurs and the patient turns out not to have insurance at...

Nurses Want Seat at Medical Billing Software Table

Although all nurses today rely on modern technology to perform their job as efficiently and accurately as possible, a discrepancy exists between using technology and providing educational opportunities to nurses who are involved in nursing education. An assistant professor and registered nurse working at the University of South Florida College of Nursing, Elizabeth Jordan, stated recent interview that a significant “generational divide” exists which negatively affects the ability of older nurses to integrate the use of advanced health and medical...

Want to Grow? – 5 Simple Steps to Adding Billing Service Clients

Are you looking to grow your medical billing business? We’ve got a surefire plan we’ve seen work time and again. Here’s how it goes: Don’t fumble the basics. You’ve got only a few minutes to convince a physician or practice manager that you’re extremely knowledgeable about billing and that you’re offering something of value. It starts with being able to answer all of their basic questions with ease. They’ll want to know if you have experience with their medical specialty,...

Physicians, Pharmacists and Medical Billing

Although a pharmacist’s primary job is to follow prescription instructions as written by a physician and dispense the type and dosage of medication indicated on the prescription, pharmacists will likely be playing a more comprehensive role in the physician-patient relationship in addition to checking for drug interactions, printing labels, and counting out pills. According to an article in Kaiser Health News, North Carolina, New Mexico and California have emerging laws that will eventually permit pharmacists to engage in a broader set of...

Dual Coding Tips for Medical Billing Companies

Most medical practice administrators have a calendar on the wall with the date October 1, 2014 circled in bright red. This date is when doctor’s offices have to begin using the new diagnosis codes, known as ICD-10 for filing claims with Medicare, Medicaid, all private insurance, and workers compensation. While the purpose of the change is to allow medical providers to bill with more certainty, one example is areas including left versus right side. The move is going to take...

5 Threats That Can End Your Medical Billing Business in 2014

There are times when continuing to do business the way you always have is an acceptable choice. You may not be as successful as some competitors, but you’ll still be in business. This is not one of those times. The threats to medical billing companies using a traditional model are so severe that most (if not all) that choose the status quo will not survive. There are five major external threats: Low rates. Billing companies with software that automates claims...

The Practice Management Weekly Digest: Price Shopping for Medical Care, CMS ICD-10 Video, Kaiser PHI Breach (#2)

Investigating the Mystery of Mesa County Medical Costs Will consumers really be able to “shop around” for hospital- and physician-based care? Things are headed that way, according to this article from a Grand Junction, Colorado TV station. Colorado created a state-wide claims database a few years ago to increase transparency, and residents can now see how much local hospitals charge Medicare on average for certain procedures. Not surprisingly, prices differ by $10,000 in some cases. Tiger Team Urging HHS to...

Why Your Most Dedicated Employees May Be Stealing From You

It’s human nature to assume the staff we hire and work closely with are honest and trustworthy. They’re almost like family members—they would never steal from us, right? Actually, some of them might. As B.J. Hoffman points out in two thoughtful pieces fromMedCity News, medical practices and healthcare organizations are likely losing 5% of their annual revenues to fraud, waste and abuse. Hoffman is a CPA and certified fraud examiner with Citrin Cooperman in Philadelphia, and the statistic comes from...

The Practice Management Weekly Digest: Successful Hiring Tips, Legal Advice on Contract Termination, and Putting Doctors on the Spot

Medical Identity Theft: Recommendations for the Age of Electronic Medical Records. Stories of medical identity theft are cropping up with increasing frequency. This 22-page report from the California Attorney General’s office says providers should build awareness of the issue in their practices, make patients aware of the consequences of theft, use anomaly detection and data flagging to help prevent theft, and create procedures for how flagged records should be investigated. Ohio Hospital Puts Docs on the Spot To Lower Costs...

Is that Sound Ice Cracking or Opportunity Knocking for Medical Billing Services?

One of the hardest tasks for small business owners is taking a step back to evaluate their business by looking at where the industry is, where it’s going, and where the opportunities are. So let’s take a moment to do just that. We’ll start with the fact that the outsourced billing sector is growing at 12% to 14% annually. The main reasons for that growth? Complex regulations Lack of resources within practices Technology that doesn’t function well and/or isn’t properly...

8 Key Questions to Ask Before Hiring a Medical Billing Company

Outsourcing your billing activities makes sense for many medical practices, but finding the right billing service can be time consuming and hit and miss. Here are some essential questions to ask the companies you’re considering. 1. How long have you been working in this field and how many years of experience do your billers have? As you know, medical billing is complex and about to get more so, thanks to ICD-10 adoption. Experts in this field tell us there’s no...