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Considering Medical Management

June 10, 2019

Most physicians never receive formal business training during medical school. Their education is centered on treating patients, not running an office. As a result, many doctors opt for group practices where an internal management team already handles operations. But if you’re a provider who prefers to establish an independent practice rather than join a large group, where do you begin? Most people understand the fundamentals—secure a location and hire staff.

A nurse is looking through a drawer full of papers

Considering Medical Management

June 10, 2019

Doctors do not usually take any business classes during medical school – they are too busy learning how to save lives or how to heal people. Therefore, many doctors join a group practice, because it usually comes with its own management team to keep the practice on track. But for a solo practitioner who wants to hang out his own shingle, and not join a physician group practice, where do you start?

A man is using a calculator and writing in a binder with a stethoscope on top of it

Optimize Your Practice With a Billing and Receivables Audit

May 29, 2019

So, what exactly is a billing and receivables audit? It’s an assessment, typically conducted by a third party, that examines the effectiveness and reliability of procedures used by a medical practice surrounding its billing and accounts receivables (money due the business). The audit is used to ensure the patient bills are submitted correctly, with the proper codes for insurance reimbursement, and that best practice processes are followed when it comes

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