Why Virtual Credit Cards Are Costly, But Won’t Go Away

By | 2016, Practice Operations | No Comments
Why Virtual Credit Cards Are Costly, But Won’t Go Away When insurance companies reimburse you by issuing virtual credit cards, your practice loses money, which is why most practices now receive payment using electronic funds transfer (EFT). Unfortunately, virtual credit cards aren’t going away: Some smaller payers still default to virtual credit cards, while at...
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Concierge Medicine: Personalized, Cost-Effective Care

By | 2016, Practice Operations | No Comments
Concierge Medicine: Personalized, Cost-Effective Care Note: This is the first half of a two-part series on concierge medicine by experts at DoctorsManagement who have helped many practices incorporate this model into their businesses. Concierge medicine, also known as boutique or private medicine has grown beyond just a trend. Paid entirely by patients rather than health...
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Revenue Growth: Efficiency in Healthcare

By | 2016, Practice Development, Practice Operations | No Comments
Revenue Growth: Efficiency in Healthcare By Frank Cohen, Director of Analytics and Business Intelligence Note: This is the second of a four-part series on improving your practice processes and workflow to boost revenue. The first article can be found here. Negotiating better contracts would certainly be beneficial, but many practices, suffering from the “Eeyore syndrome”...
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HR Alert – DOL Releases Final Overtime Rule

By | 2016, Practice Operations | No Comments
DOL Releases Final Overtime Rule By Philip Dickey, MPH, PHR, SHRM-CP | May 20, 2016 The U.S. Department of Labor (DOL) issued the long-anticipated final overtime rule on May 18 and included an exempt employee threshold of $47,476—less than the proposed rule’s $50,440 but slightly more than double the old threshold of $23,660. It is a change that will make millions...
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6 Ways To Boost Your Practice’s Revenue

By | 2016, Practice Operations | No Comments
6 Ways To Boost Your Practice’s Revenue The revenue cycle is the backbone of all medical entities. Without a strong revenue cycle management (RCM) team, an organization can quickly fall apart financially. Most private practices can’t survive a month without a steady flow of incoming cash. The question is, how do practices ensure that claims...
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5 Things to Look for From Your EHR Vendor

By | Practice Operations | No Comments
5 Things to Look for From Your EHR Vendor Electronic health records (EHRs) are here to stay, even as many EHR vendors are starting up, shutting down, or offering new products. EHRs have gotten a mixed reception from providers and practices, with many complaints lingering long after implementation. Compare this to the generally high satisfaction...
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