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This billing department increased the accuracy of its claims submissions, reducing denials due to incorrect coverage information.
Apex Cardiology, a small cardiology practice in Inglewood, Calif., provides a full range of services to improve the cardiovascular health of its patients. Its seven physicians, multiboarded in internal medicine, cardiovascular diseases, nuclear cardiology, interventional cardiology and cardiac electrophysiology, see nearly 200 patients a day. Apex Cardiology, however, found optimally managing the practice’s reimbursements for its billing department challenging. Read More
Beyond Co-Pay: Surprise Bills at the Doctor’s
To Ensure They Get Paid, Doctors Seek Entire Bill For Patient Share Upfront
Insured patients typically expect to make a small co-payment when they see a doctor, and later get billed for anything else they owe. But physicians no longer want to wait for their money. Read More
AMA resource: Evaluating business models—understand which alternative suits your practice best
Are you seeking ways to simplify your practice and reduce administrative overhead? The American Medical Association’s (AMA) Practice Management Center has created the educational resource “Cash practice alternatives: Considerations for physicians” to assist you in evaluating whether limiting your practice’s financial dependence upon health insurer contracts might be a viable option for your practice. This resource walks through the various cash practice alternatives and helps you assess which business model suits your practice’s particular situation best.
AMA resource: Save money with credit card payments—shop around
One of the best ways to ensure receipt of your patients’ payment responsibility is to offer the option of credit and debit card transactions. Learn how to maximize the benefits of accepting credit and debit card payments by contracting with a payment processor that suits your practice’s specific needs and by recognizing how you can save on fees with your current processor. The AMA's Practice Management Center has developed the educational resource, “Shopping for a credit or debit card merchant agreement: Guidelines for physicians” to help you improve your practice’s bottom line.
