Running a profitable medical practice is more difficult than it’s ever been before, and with ICD-10, meaningful use Stage-2 and payer reforms on the way, it’s only going to get harder. Here are three ways to stay on top of the changes.
Obtain insight into your practice.
In order to make informed business decisions, you need insight into your practice's financials via in-depth reporting and practice analytics that show your payer mix, accounts receivable status and payment processing activity.
Lessen administrative hassles.
The tasks associated with processing claims can be challenging, but they’re necessary. These include preparing claims for processing, scrubbing them for completeness, making sure they are processed in a timely manner and following up on outstanding claims.
The number-one way to increase the money you collect and make sure you don't leave any money on the table is to collect, and to do this, you need to process claims in a timely manner and follow up on 100% of your accounts receivable.
gloComplete, a complete billing, collections and practice-management offering, can help. With gloComplete, you’ll also have an assigned account manager who will be by your side to help you get more control over your finances and provide ongoing guidance.
Your account manager
will help you gain insight into your practice's financials via in-depth reporting and practice analytics, prepare claims for processing, scrub them for completeness, make sure they are processed in a timely manner, follow up and collect.
Because our experts are highly trained professionals who understand the intricacies … Continue reading the story "Three things to look for in a practice management offering"