Category: Medical Practice Management

Physician practice managers: Mind your buckets

When analyzing the cost of a physician practice, we normally segregate those costs into three different “buckets”: revenue generators, revenue enhancers, and revenue preservers.  Each bucket performs unique functions and has a differing effect on the practices bottom line.  Here’s...

Our favorite ways to better manage your medical practice

We like this exhaustive list on 101 Ideas for Increasing Revenue and Decreasing Expenses in Your Medical Practice from the blog Manage My Practice. The ones we've seen work particularly well for our medical practice clients include: 1.  Add physician...

“Know anyone?”: A guide to professional service provider referrals

Referrals are how most of us find professional service providers: we use the orthodontist our child’s dentist recommends, we try out the hairstylist that gave a friend a great cut, or we call the contractor who built our neighbor a...

ACA Healthcare Compliance Deadline for Large Employers Extended

Employers with more than 50 employees who have struggled to understand their responsibilities under the Affordable Care Act (ACA) can breathe a sigh of relief: the Obama Administration announced recently it has delayed until 2015 the requirement that large employers...

Client Service Words to Live By, Even During Busy Times

  “What comes out of you when you are squeezed is what’s inside you.” - Wayne DyerHave you ever felt so pushed to meet a client or customer deadline that you simply went through the motions to finish the engagement,...

Special Guest Author Amy Fehn: Understanding Medicare’s Revalidation Process for Medicare Enrolled Providers

Amy K. Fehn is a partner with Wachler & Associates, P.C.  Ms. Fehn is a former Registered Nurse who has been counseling healthcare providers for the past fourteen years on regulatory and compliance matters.  Ms. Fehn is a member of...

How will patient-centered care affect your medical practice?

For health care providers, the patient-centered care initiative starting in 2013 can largely impact the reimbursements your practice will receive from Medicare.  There are steps that you as a health care provider should take to properly prepare your practice for...

Employee Fraud Basics–Part 1

Summer is here, and for many companies year-end financial reporting is complete, tax returns are filed, monthly reporting is down to a science (right?) and 2011 budgets are in place. So what should be on management’s minds? How about focusing...

The Electronic Health Records (EHR) incentives and their “Meaningful Use”

  The Health Information Technology for Economic and Clinical Health Act (HITECH Act) established incentives for eligible healthcare providers to increase their Medicare and Medicaid reimbursements for “meaningful use” of electronic health record (EHR) systems (Link: http://www.cms.gov/ehrincentiveprograms/)  The HITECH Act...