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A resource for physicians, practice managers, and other professionals working in SMB medical practices. Get valuable articles with tips to improve your practice and boost revenue.

Is Your Medical Practice Hitting These Billing Benchmarks?

Posted by Hattie Hayes, May 20, 2016
Keeping track of your practice's financial health can be a struggle. The best way to track your medical practice's successes, and to assess metrics like productivity, staffing costs, and revenue growth: benchmarks! By researching industry performance standards and creating measurable goals for your practice, you can track your group's successes see how you perform compared to other practices. It's also the easiest way to identify and solve problems. If you want to protect your practice's revenues and improve financial health, consider setting ...
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Topics: billing, eVisit Blog Posts, collections, financial health, overhead, Practice Management, revenue, ROI

How to Improve Your Practice with Progressive Cash Flow Strategies

Posted by Melanie Reed, Jan 13, 2016
Need to improve your medical practice cash flow? It’s worth trying out a few progressive cash flow strategies....
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Topics: eVisit Blog Posts, cash flow, cash flow melanie, claims, collection, collections, financial health, insurance, medicaid, Medical Practice, Medicare, melanie reed, Practice Management, Private payers, profitable practice

Practice Manager's Guide: How to Choose a Collection Agency

Posted by Melanie Reed, Dec 15, 2015
 If you’re at the point where your patient payments are down and you need a collection agency to step in, you need to consider your choice carefully. The quality of the collection agency can make a huge difference in getting you paid and maintaining a good relationship with your patients. And of course you want to avoid any sky-high pricing. Afterall, you’re just trying to boost that bottom line....
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Topics: billing, eVisit Blog Posts, cash flow, cash flow melanie, collection, collection agency, collections, collections agency, collections company, debt, melanie reed, Practice Management, profitability, profitable practice, revenue

Depreciation: The Biggest Threat to Your Medical Practice's Cash Flow

Posted by Melanie Reed, Nov 30, 2015
The Department of Commerce performed a study on accounts and found that [tweetme text="after 30 days, 95% of your accounts are still collectable."]...
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Topics: billing, eVisit Blog Posts, cash flow, cash flow melanie, collection, collections, depreciation, financial health, medical practice cash flow, melanie reed, payment, Practice Management, profit, profitable practice, revenue, small practice

How to Improve Your Practice’s Collections Process

Posted by Melanie Reed, Nov 2, 2015
Every practice manager knows that accounts receivable management is top priority in running a successful practice. Group professionals frequently struggle with how to deal with self-pay patients and insurance companies that don’t pay in a timely manner, or don’t pay whatsoever....
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Topics: billing, eVisit Blog Posts, cash flow, collections, credit, insurance, payment, profit, profitable practice

A 4-Step Strategy for Better Patient Collections

Posted by Melanie Reed, Aug 13, 2015
In a majority of cases, medical practices approach patient collections the same way for all patients. It makes sense – there’s a standard process, and it’s easy for staff to just go through the motions for all patients....
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Topics: billing, eVisit Blog Posts, cash flow, collections, costs, patient billing, patient collections, Practice Management, profitability, profitable practice, revenue

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