Fact Based List:
John H. O’Neill Jr., DO, FACP: 6 keys to small practice survival
Submitted by Anonymous on Wed, 05/02/2012 - 11:06
- Analyze your top 10 charges/reimbursements by payer, including immunizations, then approach and negotiate with payers for better reimbursement.
- Identify and micromanage your overhead using accounting software.
- Pinpoint the procedures that best fit your practice, then track and optimize their use.
- Implement an electronic health record/practice management system to help you improve the care you provide and to optimize your billing and reporting.
- Consider developing or becoming part of a Patient-Centered Medical Home (PCMH)
- Think about using midlevel providers in your practice; they can generate additional revenue.
Source: Medical Economics
Source URL: http://medicaleconomics.modernmedicine.com/memag/Medical+Eco...
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