The Importance of Collecting Patient Payments at Time of Service As healthcare providers, ensuring timely reimbursement for services rendered is crucial for maintaining the financial health of your practice and continuing to provide quality care. With insurance deductibles resetting at the beginning of each year, patients are often more responsible for a larger portion of […]
Protecting Your Practice: The Critical Importance of Insurance Verification in the New Year
The Critical Importance of Insurance Verification in the New Year The healthcare landscape is constantly evolving, and nowhere is this more evident than in the complex world of patient insurance. As the new year approaches, healthcare providers face a critical challenge that can make or break their practice’s financial health: comprehensive insurance verification. The Staggering […]
The Critical Importance of Preauthorizations
Insurers don’t make obtaining preauthorizations easy, demanding substantial administrative time compiling patient histories, submitting claim forms, responding to information requests, and negotiating approvals. But skipping this burdensome process can lead to financial disaster. Alarmingly, 70% of claim denials result from lack of proper preauthorizations coupled with failure to subsequently appeal. Without prior approval certifying medical […]
Running a Successful Medical Practice: Top 5 Management Tips
Running a successful medical practice takes more than just being a talented physician. You also need solid business savvy and organizational skills. With patient loads increasing and insurance rules constantly changing, efficient practice management can become overwhelming. Use these 5 tips to improve your management approach: 1. Invest in Specialized Software Paper records and disparate […]
