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The Doctor’s Complete Guide to Accounts Receivable Management

The primary goal of accounts receivable management in healthcare is to maintain maximum cash flow into the medical or dental practice by minimizing the collection period and the costs associated. Offices that are well managed strive to create standard processes … See more

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URL: https://mdmanagementgroup.com/healthcare-accounts-receivable-management/

The Doctor's Guide to Employee Embezzlement MDManagement …

WEBThe Doctor’s Guide to Employee Embezzlement. July 1, 2019 by Tyler DeVries Leave a Comment. Employee embezzlement is a pervasive problem in private practice …

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Setting Goals with Your Healthcare Team MDManagement Group

WEBGoal setting exercises for healthcare teams is critical to improving productivity and improve the patient experience. People make the difference in private …

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Exploring the Benefits of Patient Pre-Registration

WEBPatient pre-registration is the electronic version of the stack of papers you probably remember filling out the last time you visited the doctor. It’s the administrative …

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Should You Offer Remote Patient Monitoring Services

WEB99452. $38. Every 14 Days. 16 minutes of non-face-to-face consultation with a specialist. 99446-51. $19 – $74. Per Instance. Consultation time 5-31 minutes, …

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Do This to Make Your Patients Feel Welcome on Their First Visit

WEBHere’s how the components work together: The Welcome Letter is a conversational greeting between you and your new patient – the equivalent of eye …

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How to Earn Trust With New Patients: 3 Easy Strategies

WEBA Difficult Choice. When my son Tyler was moving around for work he went 3 years without a primary care doctor. Despite having excellent health insurance through …

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RBRVS Overview: How Do Physicians Get Paid

WEBThe RVUs for each area is the same, but notice that the GPCI values for Chicago are higher. You would be right to assume that this is because practicing …

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How Computers are Changing Healthcare MDManagement Group

WEBIn 1994 I wrote an article published in the Medical Practice Management magazine entitled “Computers in Practice”. It was about how computers are changing …

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MDManagement Group Trusted Advisor of Independent …

WEB5. MDManagement Group has served our corporation well. The monthly accounting reports, taxation documents, and practice management advice are conveniently found in the …

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How to Handle A Disgruntled Patient MDManagement Group

WEBLet the patient vent and hear them out. When they are done talking, summarize what you heard by repeating it back to them. Then ask them if you missed …

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How To Create A Simple Bonus Incentive For Mid-Level Providers

WEBThe owner physician can be more or less generous with this percentage depending on practice needs and individual goals. For our example, we’ll assume that …

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How to Make A Professional Email Signature MDManagement …

WEBYour name is the most important. So use a larger font size and bold text to make it stand out. Then use space and break elements to group similar information …

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3 Accounts Receivable Metrics Every Doctor Should Know

WEBDays in A/R = A/R Balance / (Annual Gross Charges / 365) Continuing our example from above, Dr. Jane had $149,000 as her year-end A/R balance and …

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HHS Provider Relief Funds: 2021 Reporting Requirements

WEBFebruary 15, 2021: The first mandatory reporting deadline. July 31, 2021: The final reporting deadline for providers who did not fully expend PRF funds prior to …

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Why Your Patients No-Show and What to Do About It

WEBNow that we understand a few of the reasons why patients fail to show up for their scheduled appointments, we can take steps to see what ways we can try to …

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Dental Membership Plans: The Definitive Guide

WEBA patient pays $36/month for their membership. This membership includes two comprehensive exams, two cleanings and one set of x-rays each year. And any …

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FFCRA Tax Credits: What Practice Owners Need to Know

WEBAccording to the IRS [1]: “The FFCRA provides businesses with tax credits to cover certain costs of providing employees with required paid sick leave and expanded …

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3 Reasons to Be In Private Practice MDManagement Group

WEBA difficult reality in American healthcare today is the steady decline of the private practice doctors office. According to the Physicians Foundation 2018 Physician …

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