ITEMS IN FPM ON TOPIC:
Financial management, general
A string of unfortunate circumstances can quickly devastate a healthy practice.
The authors point out potential weaknesses in accounting controls in physicians' offices, highlight the risk of embezzlement, and provide a checklist readers can use to evaluate their risk of financial fraud.
Left unchecked, leaks can sap your practice of time, efficiency, goodwill and cash.
The author describes how to ensure that you're coding and billing accurately for the services you perform and how to generate more revenue.
The author presents a simple and practical method for performing effective and efficient chart audits to determine whether the practice is coding services accurately and documenting them completely.
The author, an admitted EHR enthusiast, describes the successful implementation of an EHR system and the capabilities the practice has gained from the system.
Why try to teach residents practice management when they don't care about it?
The article describes strategies that practices can use to cope with the anticipated Medicare fee schedule cut in July. Even if the cut is eliminated or further postponed, the advice given will help practices to reduce losses and improve cash flow.
The author describes how her practice revised its policy on referring patients to the collection agency. After instituting a new billing and collections process, the practice reduced the number of patients sent to collection agency as well as the total of charges sent for collection. Revenue also increased by 15 percent.
The author describes steps her practice took to improve their accounts receivable.