Overhead Business Expenses

If you are in solo practice, this type of insurance is especially important to have. If you were injured or became ill tomorrow,

What is Fraud Investigation?

Fraud investigation occurs when a state or Federal agency suspects a medical practice of making fraudulent mistakes in their Medicare and Medicaid billing. A fraud investigator can be hired by a private company, the FBI, or the IRS to investigate possible fraud in your practice. Fraudulent claims and patterns of erroneous medical coding are likely […]

In-House Doctor Credentialing VS. Outsourcing

There are many areas of your healthcare practice that can be taken care of in-house. Many medical professionals choose to have their billing, coding, and transcription services taken care of on-site. While not as cost-effective as outsourcing, hiring a dedicated staff member to help you with these duties is convenient and can save time. So […]

Must-Have Medical Doctors Insurance

Must-Have Medical Doctors Insurance

Making sure your medical practice is properly insured will protect you and your business from unforeseen events. Having proper insurance coverage protects you and your assets in the event of a lawsuit or malpractice suit. That’s why it is so important to choose the right insurance for your practice. Medical malpractice insurance will protect you […]

Doctor Credentialing With Hospitals And Insurance Companies

When Hospitals And Insurance Companies Want To Work With A Physician, They Must Engage In A Process Known As Doctor Credentialing. Doctor Credentialing Helps Hospitals And Insurance Companies Choose The Best Doctors With Whom They’d Like To Work. During The Credentialing Process, Experienced Investigators Dig Deep Into The Physician’s History, Acting As Medical Detectives. Hospitals […]

What is Medicare, Medicaid, etc?

In addition to accepting private insurance from your patients, your practice may also want to accept government-sponsored medical insurance such as Medicare and Medicaid. The two programs cover very different populations, so it’s important to understand the differences between them. Medicare offers medical insurance coverage to individuals age 65 and older as well as individuals […]

Life Insurance

Type Of Life Insurance For Medical Practice

Life insurance is not just one more expense to add to the many expenses of running your own medical practice. It’s also not just a way to protect your family in the event of your passing. Instead, life insurance has recently become a financially sound way to protect your assets. In other words, life insurance […]

In-House Medical Transcription Vs Outsourcing

You know your medical practice needs medical transcriptions as part of its daily operations. Medical transcriptions allow physicians to verbally record notes and patient procedures and have those recording transcribed into electronic format. But should medical transcriptions be performed in-house or outsourced to a medical transcription company? There are pros and cons to each approach. […]

Insurance Types Needed for a Medical Practice

Types of Medical Insurance Every Doctor Needs

When you think of purchasing insurance for your medical practice, what comes to mind? For many physicians, malpractice insurance is considered the most important type of insurance to have. But as a business owner and a medical professional, there are actually 7 different types of insurance you need in order to protect your practice from […]