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Archive for New Practice Start-Up

Outsourcing your billing office

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Sunday, January 29th, 2012

Many of our clients outsource their billing office to a third party but not all of our clients have had a good experience with this.  Unfortunately, many companies cut corners and hire workers (or don’t hire enough workers) who are uneducated in your specialty and ill equipped to handle the demands of your office.  If you are one of those offices considering outsourcing, just select judiciously.

We used to own a billing company and listed below are the guidelines that we followed.  You would be wise to use these to ensure your billing service can abide by these standards and has the technology or man power to perform these tasks.

This is a preview of Outsourcing your billing office. Read the full article here
Categories : New Practice Start-Up, Outsourcing Medical Billing
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Employee Salary vs. Exempt

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Monday, December 12th, 2011

Here is an excellent article provided to through our partnership with the payroll service we use (ADP). You do not want to make a decision that will wind up with you in a lawsuit requiring you to pay penalties and overtime due to an employee.  This is something to consider when setting up your new medical practice.

TIP OF THE WEEK

‘Salaried’ vs. ‘Exempt’: Common Misconceptions

The terms “salaried” and “exempt” are often used interchangeably. However, simply because an employee is paid on a salary basis does not mean the employee is “exempt” under the Fair Labor Standards Act (FLSA). Rather, very specific tests must be met in order for an employee to be considered exempt.

This is a preview of Employee Salary vs. Exempt. Read the full article here
Categories : New Practice Start-Up, Payroll Articles
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It’s Official- Practice Financing Now Available

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Thursday, June 2nd, 2011

Physician Practice Specialists has entered now has access to some great financing opportunities for new and existing medical practices through our partnership with the practice finance division of Wells Fargo.  There are numerous options available to help physicians grow their businesses or help them get their dream off the ground.  The financing is available nationwide and is available to Physicians and Dentists.

Contact Andrew Eriksen at Physician Practice Specialists for more information.  PPS does not make a penny off of the loans or referrals

Office: 904.746.4664

andrew (at)  drcred.com

 

Physician Practice Financing, Financing Physician Practice Start-Ups

This is a preview of It’s Official- Practice Financing Now Available. Read the full article here
Categories : New Practice Start-Up
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Report on Insurance Processing Time

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Tuesday, March 2nd, 2010

We are in the process of compiling last year’s credentialing data for a report on the average processing time for the top six insurers.  The report will include state or region specific information that will be broken down by insurers.  It will be from the first day that we contacted the insurance company to begin the process.  These insurance companies may not be the top payers in your area but nationwide they represent the majority.

This is a preview of Report on Insurance Processing Time. Read the full article here
Categories : New Practice Start-Up, Physician Credentialing Service
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Free EMR Solidified for Physicians

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Tuesday, January 12th, 2010

Physician Practice Specialists is finalizing a deal to offer the Free EMR program created by Mitochon Systems.  PPS would assist clients with the implementation and training on the new system and would help to ensure that it is being used according to the Meaningful Use standards produced by the government.  This move would allow practices to take advantage of the Stimulus money without incurring any unnecessary software costs.  Mitochon is an ASP EMR/Scheduler system that utilizes a dynamic web platform to integrate with most practice management and billing systems.  The Mitochon Connect is one of the first HIE platforms that is compliant with the most recent Meaningful use guidelines.  The Mitochon connect makes HIPAA compliant data sharing a easy, reliable, and safe.

This is a preview of Free EMR Solidified for Physicians. Read the full article here
Categories : EMR Implementation, New Practice Start-Up
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Incident-To Billing – When Should it Be Used?

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Monday, January 11th, 2010

This article has been filed under the New Practice Start Up category because it is an important part of many private practices.

If you are utilizing mid-levels in your practice or plan to in the near future, it is imperative that you and your billing staff understand how to charge Medicare and other payers for your mid-level’s services.

The Centers for Medicare and Medicaid (CMS) defines incident-to services as those that are “furnished incident to physician professional services in the physician’s office (whether located within a different office suite or within an organization) or in the patient’s home.

This is a preview of Incident-To Billing – When Should it Be Used?. Read the full article here
Categories : New Practice Start-Up
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Insurance Credentialing For New Healthcare Practices

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Friday, December 11th, 2009

Time and again new practices invest countless hours and money focused on office space, equipment, software and staffing only to open their doors for business and find significant delays in getting adequate insurance reimbursements. More often than not, the problem could have been allayed by addressing the insurance credentialing process early and thoroughly creating the necessary relationships with insurance carriers. Here are a few considerations to keep in mind as you address the insurance credentialing process.  Remember to download our practice start-up checklist available in our resource center.  This should help to shed some light on some areas that you may not have thought about.

This is a preview of Insurance Credentialing For New Healthcare Practices. Read the full article here
Categories : New Practice Start-Up, Physician Credentialing Service
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New Practice Start-Up Article

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Monday, October 26th, 2009

There are many things that require your attention when starting a practice and for those of you who have done it, you understand what I mean. Starting a new practice has to be one of the most stressful and trying times for a physician. It would seem as though all physicians also need an MBA in business to successfully navigate their way through the maze of regulations, rules, and red tape.  At the bottom we have included a link to download your free practice start-up checklist.

This is a preview of New Practice Start-Up Article. Read the full article here
Categories : New Practice Start-Up
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New Practice Start Up Questions

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Sunday, June 21st, 2009

Feel free to post any questions related to opening a new practice and we will be happy to help.  Credentialing and starting a new practice is a major headache so don’t try to go it alone.  Please utilize the Practice Forum for free assistance.

We welcome your credentialing, insurance or practice start-up questions and would be happy to assist you. Starting a medical practice is one of the most difficult things a physician could ever do. It is unfortunate, but most medical programs do not provide physicians with the necessary training to start a practice effectively.

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Categories : Contract Negotiation Services, Credentialing Forum, New Practice Start-Up, Physician Credentialing Service
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