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If you've read parts 1 (Know Your Payers) and 2 (Implementing Your Financial Policy) of this series, you are ready to consider a financial assistance policy for those patients without insurance. Patients without insurance fall into one of three categories:...
Just in case you haven't had a chance (what have you been doing?) to focus on the January 1, 2012 deadline for the transition to 5010, take 5 minutes to read this post and make sure your healthcare group is on track. It is critical to have NO interruption in cash flow...
I have known of Transworld Systems for almost as long as I've been in healthcare - a long time. But it wasn't until I got to know Karen Cooper from Transworld Systems that it came home to me what a difference a company representative can make in the ultimate success...
As we finish off another month here at MMP, we wanted to go back over some of our most popular posts from the month and get us ready for another busy, productive, and meaningful month. Presenting, The Best of Manage My Practice, September 2011! With the weather...
For the organized and busy professional on the go, the smartphone has quickly become a necessity on par with a persons house keys, wallet, or purse. The past five years have vaulted the smartphone from status symbol to must-have business tool by bringing data and...
A write-off is an amount that a practice deducts from a charge and does not expect to collect, thereby "writing it off" the accounts receivable or list of monies owed them by payers or patients. There are lots of reasons why write-offs are taken, and it is common...
Recently, my friend Bob approached me with an idea. He has decided that he wants to become a medical coder. When he first told me he was interested in exploring coding as a career, I didn’t really think he knew what he was talking about. As Bob itemized the reasons...
I have not always been excited to hear patient complaints. As a younger manager I absolutely dreaded when a patient wanted to speak to me. I felt that I had little to offer a patient who expressed anger or frustration with something that had happened and I was very...
NOTE: The 2012 - 2013 flu shot codes can be found here. ----------------------------------- Today the Centers for Medicare and Medicaid Services (CMS) released the new pricing for flu shots for Medicare patients for the 2011-2012 flu season. The Medicare Part B...
In Part 1 of this series we explored payers. Now it’s time to develop your financial policy. This is your foundational document for everything that happens with patient financial interactions. Your financial policy will confirm for patients and staff what your...
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