Once upon a time, in the late eighties, a few “How to make money” magazines espoused medical billing as a great cottage industry. Unfortunately, that is exactly the perception many physicians have of the industry today. I guess, rightly so, because there are still a number of mom and pop medical billing operations out there [...]
The Detroit Free Press has named CRT Medical Systems, Inc. on its “Top Workplaces 2011” list of the best places to work in the State of Michigan. The Free Press, in conjunction with its research partner Workplace Dynamics, followed a strict survey and interview process to determine the list, from more than 1,000 nominated companies. CRT [...]
As we constantly strive to provide our audience with genuine quality content, we are proud to have had our work featured in some daily healthcare and healthcare IT newspapers. Our medical billing services industry updates and medical billing related articles were featured in The Healthcare IT Daily, McCoy’s Medical Practice News, and twice in [...]
With the gradual yearly inflation of healthcare costs, who is to blame? According to a recent report from the Commonwealth Fund, the high costs are to be blamed on technology used in the USA as well as the high prices associated. One of the biggest drivers of the high healthcare costs is the current over-use [...]
So, what are you waiting for? Part one of a three part series. Over the past six months we have regularly written about the changes about to take place in healthcare. Now, 2012 is here and the first of those changes, 5010 should be implemented by all medical practices. This is a mandatory first step [...]
Even doctors need help. It’s a fact of life, and one that applies to the financial wellbeing of your practice. That’s why practices seek the services of medical billing partners. Medical billing partners can make cash flow more consistent, a practice more profitable and life a little easier. Choosing a medical billing service partner is [...]
There are many so-called “medical billing experts” out there who are willing to tell you how to ensure positive cash flow even in tough times. The trouble with the expert advice is that it always involves the doctor’s paycheck, assets, or credit, in one form or other. I decided to take a quick look at [...]
“Success is a peace of mind which is a direct result of self-satisfaction in knowing you made the effort to become the best of which you are capable.” [...]
Benchmarking is a great way to evaluate how your practice is performing. Various methodologies range from singular internal practice benchmarking (such as one physician to another’s collections year over year) to external benchmarking (comparing one practice to the best performing practices in a specific region). The key to actionable, effective benchmarking is to ask the [...]
What can your practice learn from Starbucks? You’ve got to be thinking, “How does he get to Starbucks from medical billing?” – He’s out of his mind! Please hang with me here for a moment, I promise it will be worth your while. Starbucks recently launched an application that lets customers purchase goods with their [...]
