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Financial Management

Latest Headlines

Latest Headlines

Chronic care management: 4 steps to implementation

Medicare's new chronic care management (CCM) program offers practices of all specialties a major opportunity to reap revenue from services they've thus far provided for free. With 1,000 qualified patients, a practice could earn an additional $511,200 per year, noted an article from  Medscape.

Survey: Most practices to implement chronic care management within a year

Despite lingering challenges, most providers plan to take advantage of Medicare's new code for chronic care management (CCM), according to preliminary results of a survey conducted by population health technology developer Kryptiq.

5 truths about physician practice management

Wow. There is no other word for my newfound perspective on what practice managers actually do. Just wow. Last week, I spent about three hours behind the scenes at a mid-sized independent primary...

Network confusion can lead to angry patients, practice headaches

Finding out whether a physician is in a patient's insurance network is more complicated than meets the eye, leaving practices to sort out the confusion following an unexpected bill for high out-of-network rates, according to an article from  Kaiser Health News.

How to work with patients to improve high-deductible collections

There's no question: High deductibles change the landscape in which physician practices provide care. Though the challenges are vast when it comes to educating patients, training employees and updating policies to keep collections strong in the era of consumer-directed care, a recent article from  Medical Economics  offers several strategies to ease the strain.

Competition pushes physicians to overprescribe antibiotics, researchers say

While the growing problem of antibiotic resistance threatens lives and economies worldwide, prescription rates are higher in U.S. regions that are more physician-dense, particularly in areas where retail and other walk-in clinics drive competition among ambulatory providers for patients, according to a post in the  Conversation.

Single-payer failure leaves room for all-payer system success

Single-payer healthcare has yet to gain significant traction in America. In December, Vermont  Gov. Peter Shumlin (D) pulled the plug on implementing a single-payer system by 2017.  But a similar system could follow in single-payer's footsteps and potentially succeed.

Not keen on any one alternative practice model? Try a mix-and-match approach

Once a physician makes the decision to break the "traditional practice" mold, there is virtually no limit to the ways he or she can customize the ensuing business. And while low morale and burnout seem to be afflicting more and more providers who stick with the status quo, more success stories appear to emerge from clinicians willing to mix and match elements of various new and alternative practice models into a structure that works for them.

More docs learn about the business of medicine before going into practice

By and large, physicians go into practice notoriously underprepared to handle the business of medicine (which happens to inhabit an environment that gets more complex by the day). A recent event sponsored by the University of New York at Buffalo and Roswell Park Cancer Institute aimed to help change that dynamic, which some analysts say contributes to low morale among physicians, the  Buffalo News  reported.

How early career physicians should spend their first paychecks

It's a long road from the beginning of medical school until one's first "real" job as a physician, and the roadway often includes years of living in cheap apartments and driving older model cars, noted Dave Denniston, physician financial advisor, in a recent post for  Physicians News Digest.