Brad Petak

Tips for Optimizing Your Practice’s Revenue Cycle Management

Revenue cycle management is the procedure of tracking and collecting revenue from patients in healthcare. RCM encompasses everything from scheduling a patient for a clinical encounter to final payment for healthcare services rendered. As defined by the Healthcare Financial Management Association (HFMA), the Revenue Cycle is “all administrative and clinical functions that contribute to the capture, management, …

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Level Up Your Licensing and Credentialing Process

Establishing state licenses and DEA numbers takes time, but with attention to detail and a significant amount of follow-up, new providers will be able to treat patients without delay. Waiting for approval can be costly. Skillfully managing this important and necessary aspect of a healthcare business can significantly impact staff revenue production and more, including quality of patient service, employee satisfaction and morale, and even practice stability.

Rate Your Practice with These 8 Retail Optical Benchmarks

As an eye care professional, you understand the importance of your optical’s revenue and its critical role in the survival and growth of your practice. But, how do you know if it is performing as well as it could be, or how it is performing compared to the national average? Fortunately, there are some simple calculations you can do to find out how your optical is performing and where improvements can be made.

How to Attract New Patients

Attracting new patients can be achieved in dozens of ways, from traditional referrals to digital marketing campaigns. Though there are many methods, several tried and true best practices will set your strategy up for success whatever your approach. Below are some effective ways – online and off – to increase your practice’s patient volume.

Medical Credentialing 101: Hurdles and Pitfalls

What Is Provider Credentialing? Provider Credentialing is the process of verifying a medical provider’s education, training, applicable licenses, career history, and any additional specialty certifications required of a health care professional. This verification process is absolutely necessary for the purposes of: 1) obtaining hospital/ASC privileges in which the practitioner can perform medical cases 2) to …

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The Dos and Don’ts of Revenue Cycle Management

As a healthcare provider, you’re very likely already familiar with the importance of a well-managed and orchestrated revenue cycle. Having your revenue cycle optimized can make the difference between a profitable, financially stable practice and a failing business. There are many common mistakes that can lead to your reimbursement being held up or never fulfilled. …

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