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How to Look for Malpractice Insurance for a Medical Practice

Harold Gibson

When's the last time you reviewed your malpractice insurance? If you haven't done so in the past few years, it's probably time to see if your coverage meets the current needs of your medical practice and you're getting the best price for your coverage. 

According to a study by Medical Liability Monitor, after steep rate hikes in 2003 through 2006, rates have steadily, if not spectacularly, declined since 2008. The study revealed that premiums fell by roughly 20% for general surgeons, OB-GYNs, and internists, possibly due to tort reform legislation at the state level that limits the amount of non economic damage awards in malpractice claims. 

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Topics: Medical Practice Revenue

Mitigating the Risk of Fraud in the Medical Practice Front Office

Patrick Dougherty

You may have seen headlines touting the increase in front office fraud within medical practices, but even so you may not realize the risk that employees bring to your business. While focusing on patient care is an important part of a physician's daily rituals, there are also a great deal of practice-related responsibilities that can be offloaded to front office team members. However, it's important to ensure that the appropriate checks and balances are in place to prevent fraud due to lack of oversight. In a time of decreased Medicare payments and overall revenue reductions, keeping fraud in check is more critical than ever. Maintaining stringent procedures and regular audits can help mitigate the risk that can leave your practice vulnerable. 

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Topics: Medical Practice Revenue

Focusing on Patients While Improving In-Office Technology

Harold Gibson

Holding the latest in medical tech is certainly a relevant short term selling point. It also helps you feel great about your office. Are you, however, looking to these improvements for egotistical reasons rather than focusing on the patients they will serve?

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Topics: Medical Practice Revenue

5 Tips for Successfully Onboarding Medical Billing Staff

Patrick Dougherty

Successful onboarding is important for all employers in a medical practice, but when you’re hiring new billing staff, your onboarding technique will have a big impact on not only that employee, but your entire medical billing process and future cashflow. There are a lot of little details that need to be mastered and your new staff member needs to get up to speed in a hurry.

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Topics: Medical Practice Revenue

Front Desk Time Savers Tips to Improve Medical Practice Management

Patrick Dougherty

How efficient your front desk is one of the critical aspect of a successful medical practice. If you routinely see lines of patients, hear vocal complaints or simply feel like you have too many people working at the desk – but still aren’t getting results, then one or more of these strategies can help to improve your medical practice management.

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Topics: Medical Practice Revenue

About this blog

A place for physicians and other healthcare stakeholders to share and discover information about everything related to running efficient medical practices.

Established in 2002 by a group of physicians, we are a national provider of medical billing services to group practices, clinics, and individual physicians. We also specialize in provider credentialing, payer contract reviews, and medical coding for a wide range of clients - from solo practitioners to multi-site, multi-specialty practices.

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