Coding Errors Can Cost You Money and Potentially a Sale Healio Orthopedics – October 2019 by Karen Zupko As more orthopedic practices are approached for potential acquisition, our firm is engaged by buyers and sellers to evaluate the accuracy of coding and documentation, and the efficiency of the revenue cycle. What we’re seeing in many...
Category: Operations
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7 Things to Include in Your Practice’s Governance Agreement
7 Things to Include in Your Practice’s Governance Agreement Physicians Practice – September 2019 by Karen Zupko and Michael R. Marks, MD A governance agreement is the foundation for how a practice’s board of directors is comprised, which in turn dictates how a practice functions and thrives. Unfortunately, most practice governance agreements lack detail that...
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Practice Acquisition: How to be Easy to Do Business With
Practice Acquisition: How to be Easy to Do Business With Healio Orthopedics – August 2019 by Karen Zupko When was the last time you ran your referral report? If you are contemplating a merger or acquisition, your referral report is a valuable asset. If you’d prefer to stay independent, it may be one of the...
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NEW: Solve Your Practice Pain Points with Practice Solutions Online
NEW: Solve Your Practice Pain Points with Practice Solutions Online Aesthetic Society News – Spring 2019 by Cheryl Toth Is your practice as efficient and financially successful as you want it to be? Terrific—stop reading and go celebrate. But if you think your practice is in need of some improvements, keep reading: The Aesthetic Society...
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7 Ways to Modernize Business Writing Mechanics
7 Ways to Modernize Business Writing Mechanics Medical Office Manager – 2019 by Cheryl Toth You don’t need a degree in English to write professional-looking business documents. Here are seven things that add polish to business writing prose. 1. Use standard business fonts. I’m all about creativity. But don’t get creative when it comes to...
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Four Tips for Avoiding Data Breaches
Four Tips for Avoiding Data Breaches AAOSNow – April 2019 by Michael R. Marks, MD According to a new report by Radware, a provider of load balancing and cybersecurity services for data centers, the average cost of a cyberattack now exceeds $1 million. Furthermore, 37 percent of the organizations that have been attacked experienced subsequent damage to...
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Do Your Cybersecurity Policies Need a Checkup?
Do Your Cybersecurity Polices Need a Checkup? AAOSNow – March 2019 by Michael R. Marks, MD When was the last time you reviewed your cybersecurity policies? If you can’t recall, you’re overdue. Such policies are critical for protecting patient and other sensitive data in your network and reducing the risk of breaches that can cause reputational...
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5 Tips to Boost Efficiency for the Front Office
5 Tips to Boost Efficiency for the Front Office Medical Office Manager – March 2019 by Cheyenne Brinson The front office is the face of the practice, the first impression for the patient, and the beginning of the revenue cycle. They are tasked with multiple assignments, competing priorities, and a sense of urgency from everyone, yet asked...
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Consider These Questions About Mergers Before You Jump
Consider These Questions About Mergers Before You Jump Orthopaedics Today – January 2019 by Wathen Strong The shift toward hospital or health system ownership of physician group practice has been on a steady pace of growth for several decades. From July 2012 to July 2016, the number of physician practices employed by hospitals increased an astounding...
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Six Fundamental Revenue Cycle Management Metrics
Six Fundamental Revenue Cycle Management Metrics Physicians Practice – December 2018 by Cheyenne Brinson Monitoring standard revenue cycle management metrics is a smart way to focus on the financial indicators that matter most. Consistent review is essential to identifying collection slow downs, productivity fall offs, and potential risk issues before they become acute. Here are six...
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