Author Archive

If you are a Specialist it’s all about the New Patients

As we begin the New Year it is important to pay attention to your practice metrics, especially if you are a specialist. With a specialty practice it is all about the new patient visits.  As you monitor monthly activity the new patient visits drive your practice volume.  With many specialty groups, high dollar diagnostics and

Increasing Your Practice Revenue in 2013

It goes without saying that practices, in the very least, should review their finances at the conclusion of the year.  In addition to simply reviewing the final financial numbers, practices should really take the time to go deeper and analyze the results.  Did you receive an increase or decrease in payments?  Was it because you

Medicare Continues Focus on Technology and Increased Patient Care

While the US healthcare industry awaits action from Congress, a look at the 2013 Medicare Fee Schedule reinforces Medicare’s movement towards more efficient patient care.  Review our recent blog posts; the vast majority of them are about Electronic Medical Records, Meaningful Use, and ACOs.  The same policy resonates throughout: efficient and increased patient care.  EMRs

CMS Fee Schedule Changes for Cardiology Procedure

As we approach 2013 CMS has announced major changes to many highly used CPT codes relating to cardiology procedure.  These code changes cover coronary interventions and electrophysiology.  Physicians and coders need to be aware of these changes prior to the new year. In the past when performing a coronary intervention a physician could only bill

Odds and Ends: 2013 Medicare Physician Fee Schedule

The final 2013 Medicare physician fee schedule rule has been released on November 1st, 2012. This policy and payment update sets the Medicare therapy cap amount for outpatient therapy services and payment. According to the American Physical Therapy Association (APTA), this fee schedule established the 2013 therapy cap exception at $1,900 but this exception will only

Now is a Great Time to Review Your Practice Income Statement!

As we near the end of 2012 and look to the new year, now is the time to review where your practice is and look for opportunities to position for a successful 2013. When I work with groups on their reviews I always start with the financials. How are they trending? Are revenues and expenses

ACO’s, The Real Deal or Passing Fad?

We have all seen it over the years as the health care sector responds to the latest government initiative.  I wonder as the sector moves toward the ACO model, will it be with us long term?  When you look at what is happening with acquisitions of physician practices it does make me also wonder if

Leverage Your Practice to Generate More Revenue

I have said to many physicians, the best revenue is the revenue you did not directly generate.  That is where leveraging your office resources comes in.  A physician always thinks to generate more revenue they need to work harder but that is not always the case.  Diagnostics are an excellent source of indirect revenue.  Diagnostics

Sandy Makes Proper Vaccination Storage Difficult

First of all, I hope those that experienced Superstorm Sandy are safe and working on returning towards “normalcy.”  Personally, I’ve lived in New Jersey for 27 years, and this is by far the worst natural disaster I’ve lived through.  As bleak as things may currently seem for those hit the hardest, please know things will

ACO + Healthcare IT EHRs = Increase in Software Innovation

ACOs lower the cost of healthcare by merging healthcare services and streamlining the process for patients to receive medical attention. Many ACOs use Healthcare IT EHRs to improve on this process by providing automated systems that can maintain the work load of a typical provider and allow different providers easier access to a patient’s medical