Connections for Success

 

Health Care

04.08.22

Starting a New Practice? Be Sure To Write a Business Plan
Kelly H. Buchheit

Many medical practices have been faced with both financial and practical challenges over the past two years because of the many effects of the COVID-19 pandemic, some temporary and some lasting. As a result, when starting up a new practice, you need to ensure it is designed to survive and thrive in this new environment. […]

03.31.22

Maximizing Reception
Kevin Omahen

A medical practice’s reception is the first stop of every patient’s visit. Receiving a warm welcome is important to most patients. However, a friendly hello is not the only job of the front desk administrative assistant. There are a number of other responsibilities that need to be performed properly in order to have a smooth-running […]

01.20.22

What Can You Do About Claim Denials?
Kelly H. Buchheit

Among the most essential characteristics of a financially healthy medical practice is claim acceptance and timely payment. In the current volatile economy, it is even more important to ensure that your billing process runs smoothly and that you avoid bumps in the road caused by too many claim denials. Here are some ways to increase […]

12.13.21

Five Financial Strategies To Improve Your Practice’s Profitability

The COVID-19 pandemic negatively affected many physicians’ practices in 2020 — and even continued into 2021. As medical practices begin to rebound, this is an especially good time to evaluate your financial strategies to determine what is still working and what needs to be improved. Related Read: Proactively Overcoming Industry Challenges Is there room for improvement? […]

11.29.21

The Telehealth Tax Checklist
Jason Flahive

Your telehealth tax questions, answered Health care practices implementing telehealth often focus their efforts on the marketing, technology, security and logistics of providing health care services to their patients and occasionally overlook tax and state regulatory considerations. The very nature of telehealth, which allows for patient care delivery across state lines, requires a careful analysis […]

10.18.21

Challenges to Recognizing Revenue for Telehealth Visits

Revenue recognition is difficult at the best of times — if the number of resources on the topic across the Internet is any indication. However, when it comes to telehealth, revenue recognition can seem downright impossible. After all, you are performing a healthcare visit, potentially across thousands of miles. You do not only have to […]

08.09.21

Proactively Overcoming Industry Challenges
Kevin Omahen

With the onset of COVID-19, all industry sectors have been dealing with a multitude of issues. In the health care sector, practices have not only been faced with employee retention issues, but also practice management issues which will be discussed below. Challenges and solutions In looking at the top challenges that medical practices face, the […]

07.07.21

Co-Management Arrangements: Rewarding Quality and Efficiency Can Be a Win-Win

When arranged and implemented successfully, co-management arrangements facilitate cooperation among hospitals and physicians that improve the services provided to patients. As a result, the hospitals and the physicians are better positioned for success under the evolving healthcare payment regime, which focuses on paying for the value of services provided instead of volume alone. This model […]

04.07.21

Keys to Improving Your Revenue Cycle
Kevin Omahen

Revenue cycle management (RCM) is one of the most complex medical office tasks. There are layers of steps involved in the process and roadblocks may be encountered throughout the entire process. Luckily, there are ways to apply the standard principles of professional RCM to improve your office’s ability to get paid in a timely manner. […]

03.12.21

Is It a Good Time to Buy a Practice? Consider These Factors Before You Make the Leap

Even in times of economic uncertainty, there may still be opportunities for growth. While some medical practices are struggling, others are doing well and may even want to expand their operations. If you are considering acquiring a practice, you will first need to know its value. In addition, a buyer needs to take several specific […]

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