revenue cycle management Tag

20 Mar Why Pediatric Practices Outsource Their Billing and Why You Should Too

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

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...

20 Feb The Best KPIs to Measure for Pediatric Success

Posted at 14:41h in Financial, RCM + Billing, Reporting, Staying Independent by Darice Warren

KPIs help practices achieve their goals by establishing a concrete way to measure their progress. If you don’t track your progress, it’s hard to know which aspects of your practice require improvement. ...

06 Dec Grow your Pediatric Practice Revenue by Outsourcing your Revenue Cycle Management

Posted at 15:11h in Growing Your Practice, RCM + Billing by Elizabeth Feliciano

The ability to survive as an independent pediatric practice is contingent on being able to find new sources of revenue, even as reimbursements continue to shrink. But with a tight labor market and the challenges that come with finding skilled staff, it can be a tall order to fill....

Providing Care in Stressful Times for Pediatricians

15 Nov Providing Grace in Times of Stress: Solutions for Pediatric Practices

Posted at 15:06h in Clinical, Growing Your Practice, Mental Health by Darice Warren

One common thread that comes up often in conversations among pediatric providers and their staff is that the last several years have been exhausting. Pediatricians in cities, suburbs, and rural areas alike are burned out and they’re facing what seems like an insurmountable combination of increased expectations and decreased practice resources....

27 Sep Three Key Factors to Consider for Outsourced Revenue Cycle Management Success

Posted at 12:47h in Financial, RCM + Billing by Kate Lunt

Revenue cycle management is too significant to hand over to just anyone. You need a safe, trusted partner and expert who communicates well and produces results. ...

A boy pouring money out of a jar onto a table

12 Oct Getting Paid Appropriately by Your Insurance Providers

Posted at 23:37h in Financial, Growing Your Practice, RCM + Billing, Staying Independent by Office Practicum

Are you looking to make a positive change in the way your practice deals with payers? You have the power to make this happen....

26 Jun Understanding 3 Crucial RCM KPIs

Posted at 20:35h in Growing Your Practice, RCM + Billing, Reporting by Elizabeth Feliciano

In order to manage your revenue cycle effectively, you need to monitor several key performance indicators (KPI) to help protect and increase your cash flow. It’s crucial that you understand what these KPIs are and how they impact your practice....

10 May 4 Ways Revenue Cycle Management Helps You Monitor Your Financial Vitals

Posted at 19:22h in Financial, Growing Your Practice, RCM + Billing, Reporting by Matt Tadros

What about the financial well-being of your pediatric practice? Are you meeting your goals for patient volume?...

15 Dec Always Include These 3 Data Analytics in Your Billing Reports

Posted at 19:23h in Financial, RCM + Billing, Reporting by Rebecca Nace, RHIA

As a pediatrician, your primary goal is to deliver the best possible healthcare to your patients. Just as it's important for your patients to have regular check-ups as part of their wellness, it's also critical to regularly evaluate your pediatric office's financial health. But how? There are some key analytics that you can consistently examine to stay on top of your practice's financial well-being, while successfully planning for the future. Whether your billing is done in-house or outsourced, here are 3 data analytics you should always have included in your monthly and yearly billing reports. 1. Number of Days in Accounts Receivable (A/R) You...

16 Oct 5 Tips for Deciding How to Handle Billing at Your Startup Pediatric Practice

Posted at 03:15h in Growing Your Practice, RCM + Billing, Staying Independent by Lindsey Thomas

You’ve decided you’re ready to spread your entrepreneurial wings. You're going to open your own pediatric practice. While it’s an exciting time, it’s also busy with planning. You’ve got a checklist full of items like credentialing providers with payers, securing financing, choosing a location, purchasing technology, hiring staff, ordering supplies and furniture, and preparing forms and processes. Another important area to tackle before officially launching your new practice? Billing. It's one of the most critical elements of your business. Without a good billing system, you won't get paid appropriately. And a practice that's not profitable will quickly fold in the ever-changing world...

One young girl whispering into another girl's ear.

21 May The Secret to Better Pediatric Billing

Posted at 17:24h in RCM + Billing by Gilad Kochman

Do you lie awake at night worrying about your pediatric practice’s billing processes? Are you concerned about what will happen when your reliable, long-standing staff biller decides to retire? For example, who’s going to ensure you’re billing for all services you perform such as every strep test has an accompanying visit billed. And who’s going to keep track of the constant, ever-changing payer rules that can result in significant financial hardships, if you’re relying on inadequate, inexperienced or unmotivated billing staff? If these are your thoughts, there are steps you can take to address these problems and achieve better pediatric billing...

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