Monthly Archives: March 2013

The clock is ticking, and with each passing minute is a lost opportunity to capture revenue. Challenges are increasing for medical practices to capture reimbursement from their healthcare revenue cycle management. But do they fully realize just how much better the reimbursement opportunities can be? At a time when more doctors are feeling more financial pressures and trying to optimize their medical coding, billing and collections, knowing what their opportunities are to build revenue is more critical than ever. According to a June 2012 online article from CNN Money, “Doctors, especially those operating private practices, said their financial hardship is increasing, [...]

It goes without saying that measuring a medical practice’s revenue cycle management is essential to the ongoing success of a practice. But it takes more than measuring revenue performance to ensure the success of your medical coding, billing and collections. Measuring revenue potential also is a critical component that many practices can miss in the overall equation. Let’s begin with revenue performance. HFMA recently updated the MAP Keys for Physician Practice Management, utilized by physician practices, hospitals and health systems to measure performance, apply evidence-based strategies for improvement and perform to the highest standards. These keys were created by healthcare leaders [...]