PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



3 Simple Ways to Track Your Practice .pdf


Original filename: 3 Simple Ways to Track Your Practice.pdf

This PDF 1.3 document has been generated by easyPDF SDK 7 7.0 / BCL easyPDF 7.00 (0355), and has been sent on pdf-archive.com on 23/03/2016 at 11:30, from IP address 122.179.x.x. The current document download page has been viewed 242 times.
File size: 29 KB (2 pages).
Privacy: public file




Download original PDF file









Document preview


3 Simple Ways to Track Your Practice’s Revenue

Yes, truly! You can be assured of your practice’s financial health by asking yourself these
Three Questions periodically:
1. Is my front office efficient? Because front office is where it all begins. When we consider the
fact that most patients have a minimum of $10-$15 primary physician copay and $30-$40
specialist copay,
You should never, ever drop the ball on this. This is a question you should ask yourself every
few weeks because it is very easy to lose out on claim and appeal timely filing limits. When your
denials are not worked timely, it is not only the payer side of revenue you are losing, it is the
patient side revenue too because as claims become older, your patients will not appreciate being
billed for services that were rendered over six months ago that they have forgotten about. Even
when the care provider is very good, patients can still leave practices just because they do not
receive their statements in a timely manner
2. Are my payers reimbursing me at the contracted rate? Yes, you entered the contract when
you started practicing and your commercial payers have been reimbursing you quite well for the
past so many years, but do you ever pause to think, am I getting paid as per my contractual
agreement? More often than not, smaller payers are bought by larger companies and those larger
companies consolidate and new clauses and payment modalities are put into your contract

without you ever realizing about them. It is important to review your contracts yearly and do an
analysis of your top procedures to ensure your payers are reimbursing you at the agreed upon
rate. A good revenue cycle management company can help you do this.
3. Is my payer and patient AR being worked timely? You should never, ever drop the ball on
this. This is question you should ask yourself every few weeks because it is very easy to lose out
on claim and appeal timely filing limits. When your denials are not worked timely, it is not only
the payer side of revenue you are losing, it is the patient side revenue too because as claims
become older, your patients will not appreciate being billed for services that were rendered over
six months ago that they have not forgotten about. Even when the care provider is very good,
patients can still leave practices because they do not receive their statements in a timely manner.
So long as you periodically keep asking yourself and your billing personnel these questions, you
will never lose control of your practice’s financial health.
For expert advice and FREE consultation, call us now (800) 898-0709!


3 Simple Ways to Track Your Practice.pdf - page 1/2
3 Simple Ways to Track Your Practice.pdf - page 2/2

Related documents


PDF Document 3 simple ways to track your practice
PDF Document mediquire fqhc one pager
PDF Document 2017 reimbursment of ehealth solutions
PDF Document aarkstore north american revenue cycle management
PDF Document new patient packet
PDF Document keller hsm 541 week 6 you decide recommendations memo


Related keywords