We’ve put together a weekly payer update including changes at CMS related to Medicare & Medicaid credentialing, telehealth billing and policy changes with the commercial insurance companies.
We wanted to introduce one more thing we are doing for our new clients as part of our COVID relief effort. In an effort to reduce costs for new clients while also giving to those in desperate need of help, we have decided to partner with GiveDirectly’s COVID cash relief.
3 Ways to Assess Viability
Number 1: Which insurers are my targeted patient population using?
You have concluded that there is a need in your area, next you need to identify the top payers in the area that represent the patients you are targeting. Which payers represent the majority of the targeted patient population?
10 Things You Should Never Do When Starting a Practice. We’ve talked for years about what you should do so in this article we are going to cover some of the common mistakes made by new practices.
Starting a practice is an incredibly difficult process and recent panel closures have made it all the more challenging. Here we provide 4 ways to discover if panels are closed in your area.
Starting a medical practice is difficult but the ubiquitous panel closures makes this process even more challenging. Learn what you can do about it and if your practice concept is still viable in this climate.
As you will quickly learn if you’re starting a new practice or evaluating billing companies, there are dozens of billing/EHR companies out there that do credentialing/contracting as part of their billing package. As mentioned earlier in this article, we were one of those billing companies for nearly ten of the past 15 years, so we can speak from experience. To make this decision easier, we have put together a list of pros and cons as we see them.
There are always bugs that need fixing and thankfully, this usually occurs pretty quickly. We utilize PECOS for all of our group enrollments, reassignments and DME applications as I’m sure many of you do. This particular bug with PECOS’ latest release has proven to be especially problematic which is why we are posting about it.
There are very few things when starting a new practice that we would identify as “easy”, the only thing truly easy about a new medical practice, is how easily you can screw up and be working for a hospital or large group again. Our hope with this article is to review some “easy”, yet effective ways to mitigate your risk and increase your chances of real, long-term success.