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Medicare Advantage Plans Are Lucrative for Insurance Companies

Medicare Advantage Plans Are Lucrative for Insurance Companies

by swlome2020 | Jul 25, 2019 | Health Insurance

In an effort to control Medicare costs, the government few years ago introduced Medicare Advantage plans which are administered by private insurance companies. Medicare pays the insurance company a fixed amount per enrollee per year to manage the care provided to the...
How to Improve Your Practice’s Financial Health

How to Improve Your Practice’s Financial Health

by swlome2020 | Jul 25, 2019 | Analytics, Financial Health, Financial Monitoring

If you’ve found that your practice’s financial health isn’t where you’d like it to be, you’re probably wondering if you can do anything to remedy this critical issue. As we’ve previously discussed, maintaining a financially healthy practice directly affects the...
5 of the Most Common Medical Billing Errors and How to Fix Them

5 of the Most Common Medical Billing Errors and How to Fix Them

by swlome2020 | Jul 24, 2019 | Medical Billing, Uncategorized

Medical billing errors are common, but exactly how common isn’t clear.  Several studies have attempted to quantify the extent of the problem, but each has arrived at a different conclusion.  Among the more startling of these is a 2015 study from Equifax, reported...
Addressing the Financial Health of Your Medical Practice

Addressing the Financial Health of Your Medical Practice

by swlome2020 | Jul 23, 2019 | Financial Health, Medical Billing

Maintaining a financially healthy medical practice is important for many reasons.  On the most basic of levels, it allows you to keep the doors open. You can retain employees, keep morale high and remove the headaches associated with worrying about money month to...
6 Strategies to Make Getting Paid Easier as a Healthcare Professional

6 Strategies to Make Getting Paid Easier as a Healthcare Professional

by ngidwani | Jul 23, 2019 | Medical Billing

As a doctor, you know full well that many of your patients struggle to pay their bills on time. You’ve taken several steps to increase collection of payments due across your practice, but unfortunately, sometimes, it feels as though you’re getting nowhere!...

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