The initial transfer of information from patient to practice is extremely important. This is your opportunity to obtain a broad and detailed scope of a patient’s insurance coverage to enter into your system.
Topics: Operations, Enrollment, Practice Management, Financial, Medical Billing
Are you looking to start a medical practice? 99MGMT has compiled the ultimate list of medical practice checklists, tips, and forms to help you get your business up and running!
Topics: Marketing, Business Growth, Operations, Compliance, Liability, HIPAA, Social Media, HR, Practice Management, Patient Volumes, Financial, Practice Startup, Medical Billing, Consulting
Most physicians do need financial assistance to get a new practice up and running. How long it takes to get the money in your hands depends on the type of loan you apply for.
Topics: Financial, Practice Startup
You're ready to venture out and start your clinic in Texas, but medical practice funding still seems a mystery. What medical practice startup costs do you need funding for? How much does it cost to start a medical practice? You need answers to these questions before you can start figuring out how to get a loan to start your medical practice.
Here's what you need to know:
Topics: Practice Management, Financial, Practice Startup
You have to spend money to make money, but in order to maximize your profitability, you need to keep medical office operating expenses under control before they eat your practice alive (not unlike an antibiotic-resistant MRSA).
Topics: Operations, Practice Management, Financial
Topics: Business Growth, Operations, Financial, Medical Billing
Research shows that today’s average medical practice overhead is actually between 60% and 70%.
Overhead is calculated as costs as a percentage of revenue. Basically, this means any and all revenues that don’t go into your pocket.
Topics: Operations, Practice Management, Financial
