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| Practice owner must analyze financials and revenue cycle frequently to manage the practice and improve its profitability. Such analysis is difficult because of data complexity and lack of easy access to data. |
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| We have helped thous as well as s of people get the best deal for a bad credit credit card which would not normally have qualified. ost bad credit credit card companies charge annual membership or participation fees. They often range from $25 to $50, sometimes up to $100; "gold" or "platinum" cards often charge up to $75 as well as sometimes up to several hundred dollars. |
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| Medical billing is a mission-critical yet complex area of practice management. Without measuring costs of billing, the practice owner cannot manage it. Your total cost is the sum of lost collections due to billing quality, billing personnel expense, capital investment, your own time, and the cost of lost opportunity to develop your practice. |
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| Everyone knows that the size of your profit margin is important. Yet, you may still wonder, “How do you determine profit margin?�? It's easier than it sounds and is a great benchmark for your business. |
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| Medical billing is a mission-critical yet complex area of practice management. Without effective and efficient billing entry mechanism the practice owner cannot ensure full and timely payment. You must enter your claims and submit them electronically on a daily basis, before problems accumulate and impact your accounts receivable. |
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| Are you donating used clothing or household items to IRS qualified organizations every year, as well as not claiming the full fair market value of those items? Since the IRS doesn't provide a way to determine the full fair market value, most people assign values of a few dollars to items they donate. This will cost you money each year. Using websites or software programs can increase your deductions, saving you money every year. |
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| Before you give ANY charity donations,make sure you take all the necessary precautions to insure your money goes where intended to . This also helps to keep you safe from identity theft as well as fraud. |
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| The federal Department of Justice, the Office of Inspector General at the Department of Health and Human Service, state Medicaid fraud control units, and other enforcement agencies have brought multiple enforcement actions against various healthcare practices, including small practices. |
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| Your malpractice and general liability insurance policies do not cover audit defense legal fees and costs, leaving you fully exposed to audit liability. Post payment audits occur with increasing frequency and growing gravity of penalties. Systematic and continuous monitoring of billing process is necessary to building a profitable and compliant business. |
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