Rx for Practice Management / Practice Management Advisor
Showing 145–160 of 263 results
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How to maximize your practice’s financial health
Fall 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 518
Abstract: Few medical practices operate at their fullest potential, so their financial health suffers. Most practices fail to do so simply because physicians and staff are overwhelmed by day-to-day tasks. But a more calculating approach to this challenge can make a difference. This article describes how your practice can reach peak performance.
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It’s a new generation – The topsy-turvy ride of PPMCs
Fall 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 601
Abstract: Physician practice management companies (PPMCs) rose and fell during the 1990s. After acquiring dozens of medium-to-large multispecialty and single-specialty physician practices, most of these organizations failed and declared bankruptcy. The consensus is that the PPMC concept didn’t work because it was both premature and poorly executed. But now, a new generation of PPMCs has emerged with a stronger value proposition. This article explains how PPMCs can fill several gaps in the abilities of physician practices to thrive in a highly dynamic health care environment.
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Improving your revenues with proven business practices
Fall 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 624
Abstract: There are many things that can affect a medical practice’s revenues. External factors, such as the economy or changing demographics, can be beyond one’s control. But there are still ways that a practice can boost its revenues. It starts with proven business practices. This article discusses the need to create basic budgets, examine billing and collections thoroughly, and review all expenses, including maintenance and service contracts. It also looks at job duties, health insurance coverage and marketing efforts.
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Need help around the office? Reaping the benefits of nonphysician providers
Fall 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 838
Abstract: Nonphysician providers (NPPs) play a central role in the future of health care delivery in the United States. Medical practices are finding that NPPs can extend the therapeutic reach of their physicians, with the added benefits of increased patient satisfaction and improved net profits. This article explains how an NPP may be able to function independently or work under a doctor’s supervision.
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Want to join a bundled payment network? Here’s what you need to know
Summer 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: In January 2013, the CMS announced the health care organizations selected to participate in its three-year Bundled Payments for Care Improvement initiative. It comprises four defined models of care, which link payments to the full range of services that beneficiaries require during an episode of care. This article discusses differences between the four models, and notes the importance of planning ahead for operating under such arrangements; confusing though they may be, bundled payments are here to stay.
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Not satisfied with the information you need? An electronic dashboard can help clarify the numbers
Summer 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 619
Abstract: Electronic dashboards can help practices better understand their financial standing. This article discusses how to prepare to implement a dashboard by understanding the needed features and assessing the costs. But, to succeed, everyone in the practice must not only accept the concept of evidence-based, data-driven decision making, but also be willing to follow through on decisions made.
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How Health Insurance Marketplaces may impact your practice
Summer 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 641
Abstract: Health Insurance Marketplaces created under the Affordable Care Act provide virtual marketplaces where consumers can shop for, compare and buy health plan coverage. They also place a handful of modest but significant new responsibilities on physician practices. This article explains that it’s important to determine which payers are offering products, what new products a Marketplace may offer, and its impact on one’s revenue cycle at specific points. A sidebar cautions that Marketplaces can operate differently from one state to another.
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Harnessing technology in your practice – HIT mandates and opportunities for physician practices
Summer 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 765
Abstract: Health information technology (HIT) is a rapidly expanding dimension of health care delivery. Physician practices are subject to government mandates but also are offered opportunities with the technology they use. This article describes some of the most active areas — meaningful use of EHRs, HIPAA security risk analyses, administrative simplification, and ICD-10 transition — and steps that practices should take to succeed. A sidebar explains how practices can harness technology for mobile health applications.
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Practice Notes – Placing a value on your medical practice
Spring 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: A physician thinking about selling his or her practice must begin with a fundamental question: What’s the practice worth? This article discusses four factors that valuators will use to estimate the value of a medical practice: tangible personal property, patient A/R, the office building, and intangible assets.
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Group medical visits … still a viable option
Spring 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 637
Abstract: Group medical visits have been a well-established offering of many practices for years. And there’s a reason why — both doctor and patients can gain many benefits simply from listening to each other. This article describes some of those benefits, while noting some caveats to look out for.
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8 steps to implementing ICD-10 in your practice
Spring 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 634
Abstract: The original compliance date for implementing ICD-10-CM and ICD-10-PCS has now been revised to Oct. 1, 2014, but there won’t be any more grace periods or extensions. Physicians who don’t act now will likely encounter higher eventual costs and disruption of the practice’s revenue cycle. This article offers eight steps toward avoiding those dire consequences.
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Use templates to monitor financial performance
Spring 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 857
Abstract: To make effective management decisions, practice leaders must have access to up-to-date, comparative information about their finances. A variety of report templates can help them aggregate key data to accurately monitor financial performance. This article describes the following reports: monthly financial, annual, relative value unit (RVU), payer evaluation, fee schedule, and proposed service. A sidebar notes that, while templates are important, they’re not the only means of measuring financial performance.
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Practice Notes – How to benchmark NPPs in your practice
Winter 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 412
Abstract: Using nonphysician providers (NPPs) can be an effective way for practices to prepare for the expected influx of 30 million new patients receiving health care coverage through the Affordable Care Act’s new Health Insurance Marketplaces and expanded Medicaid programs. But, for the use of NPPs to work, it’s important for physicians to benchmark NPP performance by identifying performance metrics that reflect their practice’s critical success factors and then using these metrics to set goals and measure progress toward them. This article looks at five categories into which NPP performance metrics typically fall.
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8 tips to help maximize patient self-payment
Winter 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 874
Abstract: Along with collecting traditional copayments, physician practices must now worry about steadily increasing patient deductibles. One survey reveals that deductibles as a percentage of the contracted rate increased by at least 20% across the country from 2009 to 2011. This is bad news for the physician because any increase in self-pay is hard to collect. But this article offers some tips — involving work processes, technology and communication — for making that task a little easier. A sidebar looks at a survey that spotlights patient attitudes toward their payment obligations.
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Clinical comanagement 101 – How to reward physicians and medical groups
Winter 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 591
Abstract: Clinical comanagement is an arrangement designed to recognize and appropriately reward participating medical groups and/or physicians for their efforts in developing, managing and improving their quality and efficiency. The arrangement may cover inpatient, outpatient, ancillary and/or multisite services. But this article notes that there are numerous hurdles to contend with. It describes two forms of comanagement and the tradeoffs involved.
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Health Insurance Marketplaces – What you — and your patients — need to know
Winter 2014
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 713
Abstract: On Oct. 1, 2013, the Affordable Care Act’s (ACA’s) Health Insurance Marketplaces opened in states that have adopted them and on the federal government’s website healthcare.gov. Physicians may find themselves discussing with their patients how to use these new Marketplaces. This article gives an outline of the mandate and describes how the Marketplaces work. It also notes what the policies must cover and the premium subsidies available.