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Start and Grow Profitable Integrative Medicine Practices
Written by David M. Pareja on January 5th 2015
Doctor:
Do you desire the satisfaction and peace of mind that goes along with having a profitable, smooth running medical practice? How would it feel to know that your medical practice operates in a way that ensures a mutually beneficial, even enjoyable, partnership in working with insurance companies and patients? Maybe you’ve become so fed up with insurers that you feel like throwing in the towel...
Written by David M. Pareja on January 11th 2015
Strategy #1:
ALWAYS VERIFY INSURANCE ELIGIBILIGY, BENEFITS & SERVICE AUTHORIZATION PRIOR TO EACH VISIT
Failing to pay close attention to this extremely important front-end process will cause you to lose out on a lot of insurance revenue. Your revenue cycle begins with the first phone call that your receptionist receives from the inquiring patient looking to schedule an appointment; this call lays the foundation for successful account resolution...
Written by David M. Pareja on January 17th 2015
Strategy #2
ALWAYS COLLECT PATIENT BALANCES PRIOR TO EVERY VISIT:
With the rise in High Deductible Health Plans (HDHP) it is more important than ever to collect patient balances prior to visits. The appointment confirmation is your second point of contact to prepare and condition your patients for their financial obligation. The reminder call is a seldom used opportunity to confirm insurance coverage...