decisionhealth Newsletters, Part B News - 2019 Issue 3 (March)
Get cash, credit resources straight in case payers poop out
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Article Overview
This article focuses on practice management strategies for protecting a medical practice when payer payments are delayed or disrupted. It discusses cash reserves, lines of credit, bank relationships, payer concentration risk, and other financial planning considerations for small and physician-owned practices. The piece is aimed at practice managers, physicians, and revenue cycle leaders who want to reduce vulnerability to interruptions in collections and overhead pressure.
Why This Topic Matters
Payment disruptions can create immediate strain on payroll, overhead, and operations, especially for smaller practices that depend heavily on a limited number of payers. Understanding the general financial safeguards covered here can help readers assess whether their practice has enough cushion and flexibility to weather revenue interruptions.
Article Sections
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Practice management
Introduces the financial risk created by payer payment delays and sets up the broader discussion of practice preparedness.
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Cash cushion and credit planning
Covers the importance of maintaining reserves and arranging credit access to help a practice manage revenue interruptions and rising expenses.
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6 tips for rate shoppers
Outlines general considerations for reviewing and comparing credit line terms with banks and financial institutions.
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3 more finance tips
Discusses additional financial risk-reduction themes for practices, including payer concentration, reserve habits, and partner planning.
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More tips on defending against a med practice credit crunch
Provides broader observations on vulnerability to revenue shocks and summarizes other financial management topics relevant to small practices.
What You Will Learn
- How practice finances can be affected by payer payment disruptions
- Why reserves and credit access are important for continuity planning
- What general factors to review when evaluating a line of credit
- How payer mix and financial habits can affect practice resilience
- Which kinds of financial safeguards are discussed for small and physician-owned practices
Who Should Read This
- Medical practice managers
- Physicians in private practice
- Revenue cycle leaders
- Healthcare financial administrators
- Practice consultants
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