College Savings Accounts
The right college savings account will not only help you finance your child’s education; it will serve as an enticing benefit for your medical practice employees. While there are many different types of college savings plans available today, a 529 plan is the go-to choice for many parents and practice owners in the medical profession. […]
Patient Experience
The patient experience in your medical practice is the #1 factor that determines whether or not that patient will return, recommend you to friends
HITECH Compliance
An important part of being HIPAA-compliant is adhering to provisions laid out by the HITECH Act of 2009. HITECH is an act that was created under HIPAA and expands upon the various protections required to be HIPAA compliant. Here’s what you need to know about the HITECH Act and how it impacts your medical practice: […]
How To Choose A Medical Collection Company
There are 5 important things to consider when choosing a medical collection company for your practice. #1: Choose a company that is focused on long-term relationships. Debt collections aren’t always resolved overnight, so the longer you work with a company, the easier it will be for them to build relationships with patients who are frequently […]
Medicare And Medicaid Audits
If your medical practice accepts Medicare and Medicaid, you may be at risk for an audit. As instances of medical fraud have risen, the government has developed 7 different types of audits to prevent overpayments, underpayments, waste and abuse in the healthcare system. Appealing a decision made as the result of an audit can be […]
What Is A Marketing Mix?
When it comes to effective marketing for your medical practice, one technique is not enough. You need to attack from all sides and create a varied marketing mix that resonates with your target market on multiple levels. There are typically 4 areas of a marketing mix to consider when deciding how best to market your […]
How to Find a Medical Bookkeeper
Finding a great medical bookkeeper for your new practice is a breeze when you ask for referrals, search on the right websites, and vet your applicant with reviews and testimonials. Start by speaking with your colleagues and friends in the healthcare industry. Find out who they use for their medical bookkeeping, and how happy they […]
The Mystery of Doctor Credentialing
Doctor credentialing is the process by which a third party evaluates the history, qualifications, experience, and ongoing education of a practicing physician or healthcare professional. Credentialing allows insurance companies and patients to ascertain the quality of care they can expect to receive from the doctor in question. It also protects patients by verifying any malpractice […]
Build Or Buy: In-House Medical Coding Vs. Outsourcing
What is the most cost-effective way to conduct medical coding in your healthcare practice? Some doctors choose to hire an in-house medical coder, while others choose to outsource these services to a medical coding company. Those who use in-house coders essentially ‘build’ a medical coding practice within their own healthcare practice. Those who use outsourced […]