“Pitfalls to Avoid by a Medical Practice Startup” Medical Billing Personal Guarantee Transactions involving huge sums of money can also require business owners to sign a Personal Guarantee specially if your business is in its infancy. Now what is a Personal Guarantee or PG as some prefer to call it? As the name denotes, it …
My RCM Group Medical Billing Tips of the Week (PART II) : Read More »
“Pitfalls to Avoid by a Medical Practice Startup” Long-Term Lease Contracts Nowadays, most businesses will try to lure you into long term agreements by dangling huge discounts or some real eye-catching deals just to lock you into some long-term contracts. There can be some agreements that may feel so compelling that you are willing to …
My RCM Group Medical Billing Tips of the Week (PART I) : Read More »
Medical Billing has turned around in a big way nowadays. There was a time when the patient used to go to doctor, get the treatment for any ailment and pay the doctor’s bill. Until few years back, medical insurance was significantly complicated; it was a rare event, the doctor had to raise the paper bill …
STARTING YOUR SMALL TO MEDIUM PRACTICE, THE RIGHT WAY As mentioned in the previous topic, the number one rule when starting your new practice is to limit your expenses as much as possible and avoid getting tied up with long-term agreements. There are also several things to consider before even signing that five-year lease agreement. …
STARTING YOUR NEW PRACTICE WITH SINGLE TO NO OFFICE STAFF (IS THIS POSSIBLE?) The number one rule when starting your practice is to limit your expenses as much as possible and avoid getting tied up to long-term contracts, especially unnecessary staffing, long-term lease agreements. Remember, for every personnel you hire, you are not only committing …
Medical Revenue Cycle Audit “The most reliable way to find out if you have an optimized Medical Billing System” It created for one of our clients, $6,000.00 in additional revenue PER MONTH! Source: https://www.lbmc.com What is Medical Revenue Cycle Management? It is a technique that healthcare providers can use to manage the administrative functions in …