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EMPLOYEE VS INDEPENDENT CONTRACTOR: DIFFRENCES YOU NEED TO KNOW

blog May 07, 2021

 

When you are ready to hire staff deciding whether to hire them as an employee or an independent contractor can be very confusing.  Now you may be wondering why you need to understand what it means to be an independent contractor and, how that status different from being a full employee.  Most importantly, I’m sure...

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HOW PHYSICIAN-OWNED PRACTICES CAN CONTRIBUTE TO THEIR OWN SUCCESS

blog Apr 30, 2021

There isn’t a day that goes by where I don’t read something about physician burnout. Corporate medicine and the health insurance companies are destroying healthcare delivery. Physician ownership allows you to control every aspect of how you practice medicine. That said, there’s a tremendous amount of doom and gloom when people...

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HOW TO CHOOSE THE RIGHT BANK FOR YOUR MEDICAL BUSINESS

podcast Apr 20, 2021
 

I want to talk about what you need to look for when choosing a bank for your medical business.  

You need a bank with a designated point person who has a deep understanding of the complexities of medical businesses.

Here are 3 key things that you  want to assess when assessing a bank’s quality of service:

  • You want a bank...
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WHAT YOUR NEW PATIENT PACKET MUST HAVE

podcast Apr 15, 2021
 

You’ve scheduled your first patient.  But that's only the first step in getting them  to that first visit. You need a new patient packet. 

The new patient packet has two purposes:

  • To collect information from the patient
  • To provide information to the patient

There are several ways in which your patient can access the...

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STRATEGIES FOR YOUR ROLE IN CONTROLLING THE REVENUE CYCLE

blog Apr 12, 2021

You want to get paid for the work you do. And managing your revenue cycle is the key to achieving this. But there are lots of things that have to go right in order for you to capture the maximum revenue for the services you have provided. And before you start a diatribe about insurance companies, I want you to recognize that all of the items...

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REVENUE CYCLE MANAGEMENT: WHAT IS IT? WHY IS IT IMPORTANT TO YOU?

podcast Apr 08, 2021
 

Revenue cycle management refers to the process of identifying, collecting and managing a practice’s revenue from payers based on the services provided. 

In order to be financially viable, you have to be compensated for the services you provide. No one can run a business providing services and paying expenses without collecting...

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YOUR MIPS PRIMER

podcast Apr 03, 2021
 

 

If you take any form of insurance as payment for your services then you need to understand MACRA and MIPS. MACRA is the law and MIPS is the implementation. 

Key Points:

  • If you see more than 200 Medicare patients and/or bill more than $90,000 annually in Medicare Part B allowed charges, you’re automatically...
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WHAT YOU NEED TO KNOW  BEFORE SCHEDULING A NEW PATIENT

podcast Mar 24, 2021
 

Today I'm going to talk to you about the steps you'll want to consider when setting up the process for scheduling a new patient. 

There are 3 basic ways for a new patient to come into your practice:

  1.  Self-scheduled via your website or portal
  2. Self-scheduled via your website or portal
  3. Referral from another physician

Things...

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KEY FEATURES YOU WANT IN AN EMR

podcast Mar 16, 2021
 

With all of the choices out there, choosing an EMR can be a daunting proposition. 

Today I'll talk to you about the key features that will impact your workflow and ultimately your profitability. 

But first, I want to address everyone's biggest concern—the cost. Don't sacrifice functionality, integration and flexibility...

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5 CRITERIA FOR CHOOSING YOUR OFFICE SPACE

blog Mar 16, 2021

Are you trying to figure out where the ideal location is for your new office? Often, there are so many competing priorities that you need to consider when looking for that perfect medical office space involves can be overwhelming. This really big decision affects everything from your daily commute to your patient base. And you’ll...

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