Comprehensive Practice Assessment
Internal control processes
New Patient Intake
Medial Documentation and code selection
Billing and Collection policies
Performance Benchmarks (KPIs)
Financial Reporting and understanding
Practice Management controls and policies
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Small Balance Write-Offs
Small balance write-offs are amounts left on the patient’s account that may not warrant the cost of sending a bill, which has been estimated to cost about $12.00 each, taking into account the statement process, as well as the cost to receive the check, post it, and deposit it. Many practices write off the small balance and collect it when the patient returns. Others run a special small balance statement run once a quarter.
How to Choose Medical Software
Know when you can and cannot waive patient copays
"Your practice’s generosity in waiving a patient’s financial responsibility may be violating the terms of your contract with a private payer, which could permanently affect current and future reimbursements from that payer. And if that patient happens to be enrolled in Medicare or Medicaid, you could be found guilty of a felony, punishable by up to five years in prison, a criminal penalty up to $25,000, an administrative penalty up to $50,000, triple damages, and permanent expulsion from the Medicare and Medicaid programs.
That’s a risk no practitioner should be willing to take. So, before your office writes off that next patient's out-of-pocket expense, make sure you understand the wrong, and the right, way to help out your patients without hurting your practice in this thorny medical billing situation."
Why ditching daylight saving time would be healthier for everyone
Prices climbed 7.9% in February compared with last year, with war in Ukraine likely to push inflation even higher.
Prices rose 7.9 percent in February compared with a year ago, the largest annual increase in 40 years, even as fears grow that Russia’s war in Ukraine will push energy prices even higher in the months to come.
Biden extends FEMA COVID-19 funding through July 1
"Under the program, FEMA can provide 100% of the funding for any COVID-19 costs incurred by healthcare organizations, ranging from medical care and vaccinations to operational costs. The federal agency can also give 100% of federal funding to the National Guard for the same reason. "
The No Surprises Act
"The No Surprises Act protects people covered under group and individual health plans from receiving surprise medical bills when they receive most emergency services, non-emergency services from out-of-network providers at in-network facilities, and services from out-of-network air ambulance service providers. "
RN average hourly wage
"Registered nurses in the U.S. make an average of $80,010 annually, but nurses in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics. "