We’ve all seen it. The patient comes to the check-in window, and you ask “Name… date of birth… have there been any changes in your address or insurance?” The patient quickly replies, “Nope”, and takes a seat in the waiting room. The charge is entered and billed to the insurance on file and two weeks […]
5 Tips to Collect Outstanding Patient Balances
High deductible health plans and higher copays have driven practices to focus more attention on collecting large outstanding patient balances. For many practices, patient collections account for 20-30% of their overall revenue, so it’s more important than ever that the practice staff be comfortable with and trained on how to collect overdue self-pay balances. 5 […]
Concierge Medicine: The New Movement for Physicians
Have you considered the benefits of adding a concierge medicine practice to your current business or perhaps switching over entirely? 3 reasons why physicians are considering concierge medicine. 1. Popularity The number of physicians in concierge medicine remains small, but it’s growing rapidly. In 2012 there were 4,400 private physicians practicing concierge medicine, a 25% […]
Skin in the Game: Keys to Success in a Private Dermatology Practice
Dermatology is one of the medical specialties best suited for private practice. The field is growing quickly and it is projected to maintain its steady growth rate over the next several years. The rise in demand is fueled by increasing occurrence of skin cancer coupled with an aging population looking for cosmetic interventions to maintain […]
5 Things you need know about Pediatric Medical Billing
A well-defined statement helps participants focus their creativity and ensures everyone is on the same page.