BC Advantage - 2009 Issue 1
Benchmarking your practice
Physician practices are experiencing an uphill climb with a continuous struggle to stay on top of their accounts receivable. Unfortunately, this has not been an easy task for medical providers. Practices need to look at variables such as cash flow, continued denials, coding curves, and documentation practices. These are considered necessities, especially while trying to keep up with the constant changing requirements of the insurance industry. Failing to address these will result in losing thousands annually.When you implement good, strong policies that I have mentioned above, physicians and administrators can keep a handle on their...
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