Practice Money Matters News & Updates

Stopping Revenue Leaks in your Medical Practice! (Part II)

Try to collect more than just the copay at the time of service.  Collecting the copay has become routine for most practices, but collecting past due payments, deductibles, and coinsurances or non covered services is a bit more challenging. Discipline and procedure at the … [Read More...]

Will the Private Medical Practice go the way of the Dinosaur?

Since implementation of the Affordable Care Act, the challenges facing primary care doctors have multiplied. Even verifying new health care exchange coverage has become a Herculean task.  The launch of ICD-10 has been deferred for another year, but the AMA estimates it will … [Read More...]

Stop Revenue Leaks in your Medical Practice!

We find that good policies and practices on the front end and on the  back end can bridge the revenue leak gap dramatically. Front desk personnel should take a firm approach to collecting copays, coinsurances, and deductibles prior to providing services.   This has … [Read More...]

Medicare Denies Claims if Referring Provider is not Registered with PECOS!

Were you aware that as of January 6, 2014 as part of the Affordable Care Act, Medicare will deny claims payments if the referring doctor is not listed in the PECOS system?  In 2010 Congress passed a law requiring physicians who order or refer testing for Medicare patients … [Read More...]