What are some of the overlooked unforeseen costs of implementation? Practices may secure cash flow savings or a line of credit to help weather the storm during the transition; it is suggested that practices have a minimum of the equivalent of 30 days of operating capital on hand Measure and budget for money and time […]
Category: Urgent Care
ICD-10 Preparedness Considerations from the Health Care Solutions Advisor POV
PracticeMax prepared a series of frequently asked questions about ICD-10 and its impact on physician and provider practices. What are the main points of consideration for a practice postponing preparation, besides not getting paid? Transition is mandates by law Inability so submit claims What are three advantages to using a revenue cycle management partner like […]
ICD-10 Preparedness Considerations from the Revenue Cycle POV
PracticeMax prepared a series of frequently asked questions about ICD-10 and its impact on physician and provider practices. Q: What benefits and disadvantages emerge when comparing inhouse billing/coders (who have yet to be trained) to outsourced revenue cycle management services? Effective and thorough coding and ICD-10 training takes time, money and resources In some practices […]
Monitoring Stakeholder Feedback
In today’s highly competitive market, establishing systems to measure key stakeholder feedback is crucial to increasing volume and nurturing relationships. Well executed survey tools result in business intelligence that can (a) help your practice understand what customers want and expect, (b) assess how your practice is delivering in these areas and (c) help your practice […]
