When is the last time that you evaluated your fees for your practice? One thing is clear in the wake of the pandemic: the cost of doing business has increased. Consider reviewing your fees today!
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Branding isn’t just a logo or a sign, its more than a social media profile… there is so much more to your brand than that. Read the article to learn more about establishing your brand!
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Financial hardship is a difficult subject for doctors and patients. Dr. Ray Foxworth discusses financial hardship policies and what you need to know.
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We all know the importance of sitting down with our patients to discuss the cost of care, yet it is one of the most under-utilized processes followed in offices across the country. Read the article to learn more!
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The National Health Care Anti-Fraud Association estimated that healthcare fraud costs the nation $68 billion annually. (BCBS, n.d.) An article on the Physicians Practice website published February 18, 2021, stated, “In January 2020, the U.S. Justice Department reported that over $2.6 billion had been recovered from lawsuits relating to medical fraud.
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Are you using cost segregation, an approved IRS strategy, to reduce your income tax obligations? Read the article to learn more!
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In today’s complex and compliance-mandated healthcare environment, we must take the time to cultivate and develop talent in our offices. Training is not an expense but an investment in our business.
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The financial stability of any practice starts with the UCR (usual and customary) fee schedule. All too often, we neglect to review and update our fees each year. Problems arise when our expenses go up each year due to inflation and our fees stay the same.
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