Tag: Financial Reports
E&M Coding in 2021
Now is the time to take a few minutes to assess your coding.
- If you are coding close to your specialty’s bell curve and if your documentation supports your coding, take a deep breath. If you find you are an outlier, don’t panic. Time is on your side.
- Under-coders of the world, look to increase your coding. Your documentation likely supports a higher code. Over-coders, make sure your documentation supports your higher coding.
- You are at higher risk for an audit, and your best defense will be solid documentation
Are you curious to see how you are doing? Follow this link to “Physicians Practice” article:
E&M Coding in 2021: Four Questions, Four Answers
Revenue cycle check-up:
Assessing the Internal Components to get a Clear Picture of Your Practice’s Financial Health
From MGMA Connection January 2021
With fee-for-service almost in the rearview mirror and pay for quality now a reality, it’s time to transform the revenue cycle.
The drudgery of antiquated manual processes and the accumulated effects of burnout from a year of pandemic challenges may have you wondering where to begin with transforming from volume to value.
That’s where an internal revenue cycle assessment can be useful. Some activities, such as financial assessment, may require monthly review. Others — such as SWOT (strengths, weaknesses, opportunities, threats) analyses — are performed annually.
Click to view the full article here in the Ink file called “The Business End”.
Revenue cycle check-up: Assessing the internal components to get a clear picture of your practice’s financial health, MGMA 1/2021
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36 Guidelines to Evaluate a Practice Management
Need to know where to begin:
- Financial Management – Billing and Collections
- Financial Management – General
- Personnel Management
- Marketing and Practice Promotion
- Self Development
- Leadership Skills
Do Financial Reports make you tremble ?
Click on the title to find great advice in the article, “7 Financial Reports Your Practice Needs to Run”.
As “POET Ink” grows, you will find more articles like this one under FILES in the folder called “The Business End”.
“7 Financial Reports Your Practice Needs to Run” 11/15/2019
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