Running a medical practice involves managing dozens of ongoing costs, and understanding them is central to long-term stability. These operating expenses shape how smoothly your business runs and how sustainable it can be over time.
Medical Practice Expenses: 16 Operating Costs Explained
Topics: Operations, Practice Management, Financial, Medical Billing
Making Sense of Healthcare Business Process Outsourcing
Your biller is three weeks behind on claims. Two no-shows went unfilled this morning. Your office manager just asked for overtime again. This isn’t a staffing problem. It’s a capacity problem.
Topics: Business Growth, Practice Management, Medical Billing
The Ultimate Physician Credentialing Checklist for Texas Practices
Starting or growing a medical practice in Texas comes with its fair share of logistical challenges, but few are more critical than completing the physician credentialing process. Whether you’re opening a new clinic in Austin or adding a new specialist to your Fort Worth group, the credentialing process for physicians is what ensures compliance, payer reimbursement, and uninterrupted patient care.
Yet, many practices stumble at this stage, not because they’re disorganized, but because the process is packed with technicalities, deadlines, and payer-specific requirements. In Texas, with its blend of national insurers, Medicaid managed care organizations (MCOs), and independent hospital systems, credentialing can feel like assembling a 1,000-piece puzzle, without the box lid.
Topics: Business Growth, Credentialing, Practice Management, Financial, Practice Start-Up, Medical Billing
5 Steps to Verify Patient Information for Accurate Insurance Claims
In healthcare, accurate health insurance verification isn’t just a task — it’s the key to smoother billing, happier patients, and fewer headaches.
Failing to verify health insurance accurately can have significant consequences. Incorrect information can lead to delayed or denied claims, impacting revenue. Patient billing issues create frustration and can damage your reputation. Also, you risk compliance violations that could result in penalties.
Topics: Operations, Enrollment, Practice Management, Financial, Medical Billing
Comprehensive Guide to Managing Medical Practice Operating Expenses
Running a medical practice involves more than providing excellent patient care – it requires managing the expenses that keep daily operations running smoothly.
From staffing and technology to routine costs, understanding where resources are going helps maintain efficiency and stay competitive.
A detailed checklist can simplify the process, offering guidance on handling expenses and improving overall financial management. Whether starting fresh or refining existing workflows, having clear strategies in place can make a measurable difference in how a practice operates.
Topics: Marketing, Business Growth, Operations, HIPAA, Social Media, Practice Management, Patient Volumes, ICD-10, Practice Start-Up, Medical Billing, Consulting
What Are Medical Billing Services? Why Outsource Medical Billing?
Busy medical practices have to balance a high level of patient care with completing necessary administrative tasks to keep the doors open.
Medical billing can take up a lot of valuable time. It can also be difficult to find and train people to handle this crucial task. Plus, if claims are processed slowly or incorrectly, they can negatively impact your practice's revenue.
Topics: Business Growth, Operations, Financial, Medical Billing
Bookkeeping for medical practices can be a complicated process. Technology may be the resource you need to ensure a potentially complex process does not result in missed opportunities or lost revenue.
Topics: Practice Management, Financial, Medical Billing, Technology
7 Use Cases of Healthcare AI to Improve Office Workflow Management
You don't have to look far to see the use cases of AI in healthcare – diagnostics, robotic surgery, and much more. But what about the time-sucking tasks that get in the way of those important patient touchpoints?
Topics: Marketing, Business Growth, Social Media, Patient Volumes, Financial, Coding, IT, Medical Billing, Physician-Patient Relationship, Technology
Utilize a Practice Management Company and Say Goodbye to Headaches
Investing in a quality practice management company to handle day-to-day tasks frees up your time to focus more on your patients and their needs. They can help your private practice streamline scheduling, billing, marketing, accounting, credentialing, human resources, and overall office operations.
Topics: HR, Practice Management, IT, Medical Billing, Consulting
If your business provides a service, you should be paid for that service - and that includes private medical practices!
Topics: Business Growth, Practice Management, Financial, Practice Start-Up, Medical Billing
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