Is your medical practice currently dealing with struggles when trying to collect payments from your patients? If your medical practice is having difficulties gathering payments from your patients, we’re here to tell you that many other practices go through the… Read More
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What Can Impact Revenue for Your Medical Practice?
You may have noticed that your medical practice is not generating as much revenue as others. While they may be offering the same kinds of healthcare services, it makes you wonder if you’re doing something wrong in terms of your… Read More
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How Your Medical Practice Can Prevent Late Patient Payments
Usually, no one intends for patient payments to be late. Most patients do not intend to default on their medical bills. However, illness can strike at the most inopportune times, including when people are already struggling financially. A patient may… Read More
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How Online Payments Help Patients and Your Medical Practice
People are always going to want convenience when it’s available to them. This is true in many different situations, whether we’re looking for easy ways to finish chores, buy food, or travel, among other things. One other domain in which… Read More
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Improving Revenue Cycle Management with Urgent Care Billing
While a lot has changed in the past few years, the most persistent is that no matter where you go, businesses are understaffed and overworked, and people are on the edge of burnout. This is the same in most medical practices and specialty… Read More
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Signs That Your Revenue Cycle is Failing
No medical facility wants to lose money, and to maintain your funds, you need proper revenue cycle management. Unfortunately, some facilities don’t even know anything is wrong with their revenue cycle until they’re losing money. Fortunately, there are indicators that… Read More
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Revenue Cycle Mistakes Made By Providers
Usually, in primary care and other types of practices that are more office-oriented, payments from patients and insurers need to be made sooner rather than later if you want operations to go smoothly. If providers don’t manage the revenue cycle… Read More
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Going Over Two Different Kinds of Medical Billing and Coding
While many people have made at least one trip to a doctor’s office in their lifetime, understanding everything that goes on around a medical office is an entirely different story. The delivering of care to patients is one aspect of… Read More
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Lesser-Known Reasons That Your Medical Practice Could Be Losing Revenue
Recent studies have popped up showing that between 25% and 30% of income lost by medical practices is a result of underpricing, charges that were either missed or not submitted, no proper follow-up, or wrong coding. As a means of… Read More
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Cash Flow Problems Medical Practices are Facing
What can a medical practice do to improve cash flow? For all medical practices, saving money wherever you can is always appreciated. To find out where your practice can save money, though, you must first know where problems may lie… Read More