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Practice Revenue

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Could EMR Scribes Make Doctors More Effective in the Exam Room?

Thursday, April 19th, 2012

There’s a new profession growing out of the transition to electronic medical records (EMR) – the EMR scribe. An EMR scribe is a person who accompanies the doctor on his/her examinations for the sole purpose of handling the electronic medical record documentation. There’s even some talk of virtual scribes who don’t physically accompany the doctor, but can document the EMR through the use of high powered cameras and microphones. It isn’t surprising that doctors are looking for better ways to preserve patient interaction, their own productivity and practice revenue. After all, using an EMR when you’re talking with a patient [...]

HHS Delays ICD-10 Implementation

Thursday, March 8th, 2012

Last month, Heath & Human Services (HHS) announced that they were delaying the October 2013 deadline for transition to the International Classification of Diseases, 10th Edition (ICD-10) in an effort to reduce regulatory burden. Undoubtedly, it’s a financial and administrative strain on all physicians, particularly those with smaller practices. Together with the transition to form 5010 and the meaningful use deadlines, ICD-10 was just one more challenge for medical practices to understand, adopt and integrate. According to a February 16, 2012 article in FierceHealthIT, the AMA applauded the HHS announcement. “The timing of the ICD-10 transition could not be worse for [...]

What Story Do Your Numbers Tell About Your Medical Practice?

Thursday, September 1st, 2011

Recently in assisting a practice with analysis of RVU’s (Relative Value Units), it dawned on me that most practices do not utilize any methodology to analyze whether they are actually making money on procedures and visits being performed in their practice. Maddie Brown, CPA recently shared at an event I attended in North Carolina that our numbers tell a story that reveals what is actually unfolding within our businesses.  It is the same with medical practices and so much more so today in the ever changing world of healthcare.   So the question is what do your numbers reveal or not [...]

Implementing New Ways to Build More Revenue for Your Medical Practice

Friday, March 25th, 2011

Last week at a local POMAA meeting, I spoke on the topic of generating more revenue for your practice. Here are just a few of the highlights from that talk: There are many conventional ways to generate revenue for our practices which involve some of these just to name a few: Recalls Phone Calling Systems Tracking Missed Appointments/No shows Increasing fee schedules Utilizing wait lists to fill empty slots Increasing hours of operation Providing comments on statements Evaluating paper vs electronic (i.e. statements, collection letters, etc.) Collections – Collecting at time of service Up-to-date Profiles Incentives – PQRI and E-Prescribing [...]

Working Accounts Receivable – Part Two

Monday, July 26th, 2010

To successfully work your accounts receivable and get more accounts paid in a timely manner, as a responsible practice manager, it is important to implement a system.  These tips are a continuation from a previous medical billing post entitled Working Accounts Receivable – Part One. To recap, last weeks tips: 1. Know what your practice management system can do for you. 2.  See Staff As Resources. Now for this week’s tips: 3.  Utilize a Daily Tickler System You will know more of what to do next if you are creating or utilizing a daily tickler system.  Some practice management software [...]

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