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

By Guy Louthian | October 9, 2017

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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FQHC Billing 101

By Shannon Strange | September 14, 2017

Are you thinking about becoming and Federally Qualified Healthcare Center (FQHC)? Or would you like to know more about the billing as an FQHC? If so, let us tell you the key things you need to know.   What is an FQHC? FQHCs are community based organizations that were created in 1991. They provide primary…

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

By Guy Louthian | August 15, 2017

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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Do Your Fees Need a Checkup?

By Shannon Strange | July 17, 2017

I was recently working with a new client and noticed something out of sorts – their collection percentage higher than usual. This made me delve deeper. I suspected that their billed charges were so low that they were probably receiving payments from some insurance carriers at or near 100% of what they charged — and…

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