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Revenue Cycle

The revenue cycle for a medical practice is the process of collecting reimbursement for a provided service. Some of the common steps are: Development of a "retail" fee schedule and a financial policy (payment practices.) Negotiating and signing payer contracts to...

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Blue Ocean Strategy

Blue Ocean Strategy is a business strategy book authored by W. Chan Kim and Renee Mauborgne.  The central theme of the book is rejecting competition in current business lines and creating new demand, services or goods, a so-called "Blue Ocean." Wikipedia describes the...

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Consumerist Patient

The consumerist patient is one who takes an active interest in the cost of his/her healthcare services.  This may be a change for practices as patients of the past would not ask any questions about the cost of services, particularly if their insurance plan covered all...

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Economic Credentialing

Economic credentialing is the practice of denying clinical privileges because of financial rather than competency concerns. Hospitals can dismiss a practitioner for economic credentialing reasons at any time; they do not need to wait until the end of a reappointment...

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The Manage My Practice Blog keeps our readers up to date with the latest healthcare news, trends and analysis.

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Email: marypat@managemypractice.com
Phone: (919) 370 0504