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What is Revenue Cycle Management?

by Mary Pat Whaley | Apr 20, 2011 | A Career in Practice Management, Collections, Billing & Coding, Day-to-Day Operations, Medicare & Reimbursement

Revenue cycle management (RCM) is a critical function in any healthcare entity.  Managers do not have to know every detail about RCM, but if the RCM is on-site, they must understand: RCM reports and how to spot and be proactive about down-trends; performance measures...

The Benefits and Drawbacks of Managing a Private Practice vs. Managing a Hospital-Owned Practice

by Mary Pat Whaley | Dec 5, 2010 | A Career in Practice Management, Physician Relations

Ownership Private practices are organized in a corporate model where the physicians are shareholders, or where one or more physicians own the practice and employ other physicians or providers.   Private practices are almost exclusively for-profit.  Physician practices...

101 Ideas for Increasing Revenue and Decreasing Expenses in Your Medical Practice

by Mary Pat Whaley | Sep 5, 2009 | Day-to-Day Operations, Electronic Medical Records, Finance, Medicare & Reimbursement

BUILD ON WHAT YOU’RE CURRENTLY DOING: 1.  Add physician hours – add evening or weekend hours; start your office hours earlier and end hours later. 2.  Reduce physician time off – decrease vacation or change weekly days off to 1/2 days off. 3.  Set a...
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