Concordis Practice Management, LLC

The Medicare 60-day Overpayment Rule now in effect

The Patient Protection and Affordable Care Act, known to most of us in medical practice management as the ACA, or Obamacare, was signed into law by President Obama on March 23, 2010. Nearly six years later, a portion of that law was implemented on March...

Financial Reports Physician Owners Should See Monthly

The most common statements made by physicians are… my expenses are increasing and my revenue is decreasing. Are these comments made from reviewing hard data, or just a gut feeling? It is difficult to make decisions affecting the medical practice and strategic planning without having...

medical practice management

When is the last time you increased your fee schedule?

When reviewing claims in the practice management system, you notice many claims have been paid at 100% of the practice’s fee schedule. Further review shows the practice’s fee schedule has not been updated in the past few years, and the current fee schedule is less...

New Year’s Resolution: Cleaning up your A/R

When you run your December 2015 billing reports, take a close look at your A/R aging report to determine the amount of unpaid money in the 120+ day buckets. How does the percentage of this old A/R compare to the total A/R? In an ideal...

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Pitfalls to Avoid as a New Practice Manager

As a new medical practice manager, the list of duties to perform on a daily basis can be overwhelming. The list of responsibilities most likely will include maintaining and administering personnel policies, financial management, billing processes and marketing. You may also be asked to prepare a...

stethoscope doctor and piggy bank

Thinking About Starting a Solo Practice or Small Group Practice?

The challenges facing smaller medical practices in regards to financial stability can be significant. A solo or small group practice can lack the ability to combat rising operational costs, such as increasing rent, personnel costs and decreasing revenue to maintain steadiness without assistance. It is essential...

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5 Ways To Avoid Burnout As A Medical Practice Manager

We have all read articles or attended conferences where the topic is physician burnout, but what about Medical Practice Manager burnout? What happens to the medical practice when their administrative leader is not as effective as he or she once was because they are ready...

Negotiating Medical Practice Payer Contracts

3 Tips for Negotiating Medical Practice Payer Contracts

At its core, a medical practice is much like any other business – it exists to make profit by sustaining viable revenue. However, a medical practice is often faced with unique challenges that aren’t often seen in other businesses. One of these is negotiating medical...