As a medical office manager, one of your biggest responsibilities is ensuring a smooth and efficient claims management process. Delays, errors, and denials can slow down reimbursements and impact your practice’s revenue. Here are some key strategies to maximize revenue and streamline your claims process. 1. Verify Patient Information … [Read more...] about Maximizing Revenue: 8 Tips for Efficient Claims Management
collections
Why you need an office policy on collecting fees
Most medical practices take time once a year to create new office goals or a business plan and, hopefully, to upgrade their policy manuals. And consideration of collecting on co-pays and deductibles needs to be an integral part of that business plan, according to Michael Glass, a medical consultant with Transworld Systems Inc. (TSI). Why bother with an office policy? The … [Read more...] about Why you need an office policy on collecting fees
7 best practices for optimizing your collections
By Ranadene (Randi) K. Tapio, MBA, CMRS, CMC, Guest Contributor bio Collections isn't the most glamorous part of running a practice. Perhaps the only thing worse than making collections calls is receiving them! Unfortunately, collections is necessary and if done correctly, it will allow you to collect on accounts that have sat stagnant for months, sometimes years. In … [Read more...] about 7 best practices for optimizing your collections
5 proven levers for improving your medical practice
Virtually any medical practice can immediately improve its revenue, cash flow, profitability, and growth, along with streamlining its operations by embracing five levers for medical practice improvement. John W. McDaniel, founder and chairman of Peak Performance Physicians LLC of New Orleans, LA, says these five levers apply to any type of healthcare business, whether it is a … [Read more...] about 5 proven levers for improving your medical practice
Want to improve collections? Start by looking at your Patient Registration System
By Ranadene (Randi) K. Tapio, MBA, CMRS, CMC, Guest Contributor bio First and foremost, a good intake system and/or form is a must! If set up properly, your intake system and/or form will collect all the necessary information you need to bill a patients insurance carrier(s). Offices should collect, at minimum, the following information: Demographics Patient's full … [Read more...] about Want to improve collections? Start by looking at your Patient Registration System