by Mary Pat Whaley | Aug 30, 2011 | Compliance, Finance, Human Resources
As we have previously reported, the Department of Labor is taking important steps in the fight against excessive fees in the retirement plan space. Some service providers in the retirement plan industry are opposed to these regulations, claiming they are unnecessarily...
by Mary Pat Whaley | Aug 24, 2011 | Collections, Billing & Coding, Day-to-Day Operations, Finance, Innovation
In a traditional healthcare setting, the revenue cycle begins with the insurance companies who pay the majority of the bill. There are multitudes of payers and each payer can have many plans. How can a healthcare organization catalog this information, keep this...
by Mary Pat Whaley | Jul 31, 2011 | A Career in Practice Management, Collections, Billing & Coding, Day-to-Day Operations, Finance
What are the hallmarks of a well-managed practice? There are many, but here are 10 basics. The practice has foundation documents appropriate to the corporate structure and written agreements describing how income and expenses are shared by physicians and/or other...
by Mary Pat Whaley | Jun 7, 2011 | Finance, Physician Relations
Based on a great conversation I had on LinkedIn recently, I decided to write about physician productivity models and the hybrid model (encounters and work RVUs) I developed for a hospital-sponsored family practice program. This bonus model rewards providers seeing...
by Mary Pat Whaley | May 4, 2011 | Collections, Billing & Coding, Finance, Innovation, Practice Marketing
Consumers deserve to know what your service costs. Why would anyone buy anything without knowing what it costs? Consumers should know both the value of the service as well as knowing what is their personal responsibility to pay. Publishing fees makes you justify them....
by Mary Pat Whaley | Apr 17, 2011 | Day-to-Day Operations, Finance
If you’re considering opening your own lab or considering your options for adding a new service line to your lab, you should review the three different ways of procuring equipment and supplies. Purchasing Equipment When you purchase...
