Especially for Physicians

Measuring Your Medical Practice’s Success

We are at mid-year, and it is time to review your medical practice’s performance.  Many practice management systems have robust reporting packages to determine key performance indicators, which makes the Practice Manager’s job easier to measure the medical practice’s success.   What key performance indicators...

Are you ready for MACRA changes?

The Medicare Access and Chip Reauthorization Act (MACRA) of 2015 was instrumental in eliminating the Sustainable Growth Rate (SGR) that was tied to Medicare Part B provider reimbursement for years. The good news is that through 2019, Medicare Part B payments will increase by .5%...

Billing for Additional Complaints During the Preventive Examination

Are you leaving money on the exam table? Many providers are performing additional services at the patient’s request during the preventive examination, and not taking credit for their work. While expenses continue to rise in running a medical practice, the practice manager should ensure the providers...

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...

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...

outsourcing medical billing

The Benefits of Outsourcing Your Medical Billing

Considering whether or not to outsource your practice’s medical coding or the entire process is a big decision. However, when you learn how it works and the benefits it can have on your bottom line – it’s not a matter if you should transition, but...

medical practice

Grow your Medical Practice with a Line of Credit

In business, cash is king. When the money stops flowing so does your growth. While it’s never a good idea to get into unnecessary debt, credit lines can be a hedge against cash flow droughts that affect every medical practice from time to time. In...

healthcare consulting San Antonio

Does Your Startup Practice Need Healthcare Consulting?

San Antonio, TX is known across the country as a hub for rapid development and research in the healthcare industry. Along with its notoriety as a leader in research, San Antonio is also home to many private healthcare practices in a variety of specializations. As...