Does it seem like you’re working more hours on your practice yet not making more money? It may be because you’ve got several “leaks” in your practice. These leaks are areas in your practice that unknown to you do nothing but consume your revenue. From before the actual patient visit
It’s now the middle of the year. How are your revenue cycles doing so far? If you’re shrugging your shoulders or letting out a loaded sigh, chances are your revenue cycles aren’t flowing as smoothly as they should be, and we know the biggest reason why: claim denials and delays.
Twenty percent. This is approximately how much of a medical practice’s revenue is made up of patient co-pays. To some physical therapists, this portion may not be very significant. But with the difficulties that medical practices are facing today in terms of revenue and reimbursements, that twenty percent can no
For many physical therapists, billing can be a necessary pain in the neck. It’s complicated and riddled with delays and, in some cases, a cause of under compensation. But there’s simply no way around it- there’s no other way you can get paid for your services. There are, however, medical
Dwindling reimbursements, complicated insurance regulations and limited time with each patient — these are just some of the reasons why many physical therapists are seriously considering going out-of-network. Physical therapists, particularly those who have been practicing for some years, know the struggle of staying in-network. But would going out-of-network really
With all of the changes that occur in medical billing every year, one of the most important questions that physicians with private practices need to ask themselves is whether or not it is time to outsource their medical billing. With this blog, I want to shed some light on the
