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revenue Archives - Office Practicum

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31 Oct

Posted at 15:34h in Financial, Growing Your Practice, RCM + Billing, Reporting, Staying Independent by

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]Numbers don’t change anything — until you know what to do with them. Benchmarking gives pediatric practices a clear view of how they’re performing, but clarity alone doesn’t create change. The real value comes when you take those insights and turn them into practical, everyday actions that boost efficiency, strengthen the financial health of your practice, and improve patient care. In this post, we’ll explore how pediatric practices use benchmarking data to make informed decisions, prioritize improvements, and get measurable results without adding unnecessary work. Finding the “Why” Behind the Numbers One of the biggest...

24 Oct

Posted at 20:42h in Financial, Growing Your Practice, Reporting, Staying Independent by

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]Seeing your practice clearly means looking beyond your gut. Running a pediatric practice comes with its fair share of surprises. Some days you’re flooded with sick visits; other days, the schedule feels like it has holes big enough to drive a toy car through. Payments fluctuate, patient flow changes, and even your best guesses about what’s “normal” can be way off. That’s where pediatric benchmarking changes the game. Instead of wondering how your practice is performing, benchmarking lets you see it — clearly, objectively, and in context. It’s not about keeping up with competitors down...

20 Mar

Posted at 20:53h in Financial, RCM + Billing by

Very few things about medical billing are straightforward, but it’s especially true in pediatrics. Proper coding, modifiers, and changes in Medicaid rules and payer guidelines can turn a simple office visit into a minefield of dependencies. Add staffing shortages and the challenge of finding qualified medical billers to the mix, and it further exacerbates the stress of billing for pediatric practices. When it comes to running a pediatric practice, the days of “one size fits all” are over. You can no longer thrive and work efficiently using a generic, non-specialty-specific EHR, and the same is true for billing and revenue cycle...

27 Feb

Posted at 03:17h in Financial, Growing Your Practice, Patient Engagement, Practice Marketing, Reporting, Staying Independent by

Pediatric care providers need to ensure that patients with health needs requiring follow-up, as well as those due or behind on their well visits, are receiving the care they need. This is also vital to having a healthier population and increasing practice revenue. And that’s where something like “DAR” comes in.  Using a Tool for Patient Recall DAR stands for Demographic Analysis and Recall. It's a powerful tool for analyzing demographic data that's integrated in OP. Based on the findings, it recalls specific patient and practice information.   Let’s say that I’m a busy clinician. I want to know how DAR can help my...

13 Aug

Posted at 06:05h in Financial, Growing Your Practice, RCM + Billing by

When reviewing (or developing) your revenue cycle management plan, don't overlook the first steps: making sure all your providers are appropriately credentialed with all your payers and associated products. Credentialing and Provider Enrollment are more than just arduous tasks of paperwork; without them, claims aren’t paid and revenue suffers. Opportunities to grow your practice and strengthen your revenue depend on a solid credentialing and contracting game plan. Key functions that help your practice receive proper reimbursement from insurers: Payer Product Analysis: Most insurers offer multiple products and these products can change annually, especially Medicare Advantage, Medicaid HMO, and ACA plans. Review your...

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