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Stay Informed!

Road trip!

10/14/2019

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Next week I'll be hitting the road with EZClaim to attend the AMBA (American Medical Billers Association) 2019 National Conference!  This will be a great opportunity for me to gather information on some hot topics!

I'll be working the vendor booth for EZClaim - doing some demo's of this outstanding product.  In between I'll be attending sessions on the following topics - Billing for Acupuncture and Chiropractic Care, Building a Successful Billing Company, The Importance of Auditng, Clearinghouse Failure and Submission Riswks, Value Added Services that Practices Should Consider, and Copy, Paste & Cloning: Rules vs. Opinion.

This will be a great opportunity to connect with peers - and I can't wait to see who we meet this time!  If you or your biller are planning on attending look for me at the EZClaim booth!

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Is your practice healthy?

10/2/2019

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You probably have a quick answer to that question.  Maybe things are going well financially, maybe things are not so good and you need help.  Fast.

No matter the answer - how did you come to that conclusion?  Even when things are running like a well oiled machine, would you know there is a problem before it begins to affect your bottom line?  What if things are great, but could be better?

Monitoring key performance indicators is vital to the health of your practice, even when things are going well!  Keeping track of KPI's will alert you of a problem before it's a financial problem!

Unfortunately, a lot of practices don't catch it until they are seeing problems in the cash flow.  Once it's hit the revenue the clean up process is not usually a very speedy process.   

If you are already finding yourself in a troubled place start with gathering historical data that can help you find the time frame that the problem started.  From there, determine if there are any circumstances that could be a contributor - physician time off, credentialing issues, a change in billing systems or companies.  You may also look at your big payers to see if there is something unusual...perhaps guidelines changed and is now causing lower reimbursements.


RCM Insight is available to help you create a Key Performance Indicator report to assess and monitor the health of your practice.  Together, we can create a report that works for you and build a work plan for areas that need improvement.  Contact us today to start the conversation.
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