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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 [...]

Team Building In Your Practice

Monday, April 26th, 2010

Now that healthcare reform is hitting your practice squarely in the eyes it is important to call upon all resources within your practice.  Hopefully you have a Team of resources.  Your team could involve employees, other practice managers, outside vendors, and even patients for that matter.  Coordinating your team is the effect of collaborating with your team members in order to bring about changes and policies within your practice. Employee Team Members It is time to accentuate the positive and keep morale high for the changes to come.  Allowing small negative talk to filter through your practice can throw morale [...]