As a manager of a medical office, you know how important it is to manage the financial health of your practice. One of the biggest challenges you face is collecting payments from patients. However, with the right strategy, you can improve your collections and ensure your practice is getting paid in a timely manner. One effective strategy for improving collections is scheduling … [Read more...] about Schedule payments to boost collections
Increasing profits
5 reasons to hire a medical scribe
As the manager of a medical office, you understand how crucial it is to provide quality patient care while also maintaining efficient operations. One way to achieve this is by hiring a medical scribe. In this article, we will explore what a medical scribe does, why your office might want to hire one, and how to find the right candidate. What is a Medical Scribe? A medical … [Read more...] about 5 reasons to hire a medical scribe
Jan. 3 deadline for MIPS Extreme and Uncontrollable Circumstances application
The deadline to submit a MIPS EUC Exception application for the 2022 performance year is 8 p.m. ET on Jan. 3, 2023. If you believe you’ve been affected by an extreme and uncontrollable circumstance (such as the public health emergency triggered by the COVID-19 pandemic), you can apply whether reporting traditional MIPS or the APM Performance Pathway (APP). MIPS eligible … [Read more...] about Jan. 3 deadline for MIPS Extreme and Uncontrollable Circumstances application
Is it a recession or not? The answer may surprise you
By Lynne Curry My in-box filled with questions after I posted a Recession Fears Loom blog. Readers asked how I made sense of the different views voiced by economists and politicians. As a medical office manager with responsibilities around staffing and profitability, you are probably watching to see which way the economy goes. Here’s the background, and my answer to “are we … [Read more...] about Is it a recession or not? The answer may surprise you
Don’t forget this crucial first step with your new hires
By Lynne Curry It’s a crucial first step many managers fail to take. Swamped by other work, they greet their new hires, introduce them to the employees they’re replacing, and leave to attend to other pressing duties. On the surface, this makes sense. The departing employee can easily explain the work that needs to be done. Beneath the surface, this approach carries with it … [Read more...] about Don’t forget this crucial first step with your new hires
4 day workweek: Is it in your future?
By Lynne Curry If you’re an employee, you’re immediately interested. If you’re an employer, you’re doubtful—yet you keep hearing about this new strategy that might make a significant difference in your company’s ability to survive and thrive. It’s the four-day workweek, though not the compressed 4/10’s workweek that oil patch and similar companies used. Employers adopting … [Read more...] about 4 day workweek: Is it in your future?
7 ways to cut costs with a greener office
By Daryll Esposito The well-being of our planet is a universal concern, but it’s not always front-of-mind when we’re busy at work. The good news is that making greener choices at the office is not only better for the environment, it’s better for your budget too. With Earth Day this week on April 22, it’s time to look at some environmentally friendly improvements. Some common … [Read more...] about 7 ways to cut costs with a greener office
Nearly 7 in 10 physicians now employed by hospitals and corporations, says report
Once upon a time, a medical degree was a ticket to life-time self-employment. That no longer seems to be the case—at least not the “self” part of the phrase. For years, hospitals and health networks have been gobbling up physician practices at increasing rates. And now a new study from the Physicians Advocacy Institute (PAI) finds that, as of the beginning of 2021, just 30 … [Read more...] about Nearly 7 in 10 physicians now employed by hospitals and corporations, says report
Denial management: the missing ingredient in revenue cycle management
By John McDaniel The blueprint for effective Revenue Cycle Management (RCM) is complex in today’s healthcare environment. When we map out the RCM process, it includes the following steps: Patient scheduling and registration Insurance eligibility and benefit verification Collection of copayments and deductibles at time of service Claims submission Remittance processing … [Read more...] about Denial management: the missing ingredient in revenue cycle management
Manual tasks office managers can do away with
By Tolu Ajiboye As an office manager, your task list is endless. You have to manage appointment scheduling, patient intake, billing, and so much more. On top of this, you have to ensure that these specific processes—and the practice operations as a whole— are continuously optimized to cut costs and grow the practice. Accordingly, you’re likely on the lookout for ways you can … [Read more...] about Manual tasks office managers can do away with