People often ask me if we have billing in-house or if we outsource it. And I tell people we have a hybrid model. … [Read more...]
Running A Restaurant Like A Medical Practice?
February 23, 2009 By 7 Comments
Private practice, in many ways, is unique to other business. One particular distinction is that doctors are not paid at the time of service, but rather after a long administrative and burdensome effort. Funny Reimbursement Model I’ve always found the whole physician reimbursement model odd. It would be like going to a restaurant, eating a full meal, handing over a “card,” as some sort of good faith gesture of payment, and leaving the … [Read more...]
Increase Revenue By Attending Coding Seminars
February 5, 2009 By 2 Comments
The other day I went to a pediatric coding seminar sponsored by one of the hospitals in the area. As I was sitting down, two physicians were chatting next to me. One of the docs said to the other, “…we come to these things all the time. This is probably our 10th year.” The other physician – apparently attending his first coding seminar – said, “Wow! Every year? Doesn’t it become monotonous hearing the same thing year after year?” … [Read more...]
I'm a practice administrator at a Pediatric office located in the western suburbs of Chicago. I write mostly about running a small business that happens to be a medical practice.
