Physician Lesson # 3-“Reducing Patient No-Shows”

You will always have patients that simply don’t show up for appointments for a variety of reasons.  What I hope to do is show you how to calculate the cost of no-shows and give you suggestions to reduce them. No-shows include same day cancellations, as they both result in no revenue. A no-show is a…

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Physician Lesson # 2 : “Charge Adjustments-They Could Actually Be Cash”

Every physician practice has adjustments. Understanding your practices adjustments is not only good business management, it could actually mean more money in your pocket. Every charge a practice generates turns into either cash or adjustments. I don’t have to tell you that cash is better than adjustments. Every practice should know their average adjustment percentage.…

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Physician Lesson # 1 : “Is Your Accounts Receivable Affecting Your Paycheck?”

Evaluating the health of your Accounts Receivable is an essential part of medical practice analysis and practice management. Unfortunately, when it comes to truly understanding and managing the Accounts Receivable process many physicians and staff struggle with knowing what is good and what is bad. More importantly, not optimally managing this process could affect your…

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