Welcome to the first episode of Med Practice Made Perfect, a podcast by Practicefirst Medical Management Solutions!
Medical practices have long been faced with adapting to the rapidly-changing insurance landscape, including major shifts in policy like the Medicare Prescription Drug Improvement and Modernization Act of 2003, and the Affordable Care Act in 2010. The latter introduced high deductible plans to the American public; a major departure from the payment arrangement that both practices and customers had been accustomed to.
Your practice's billing and coding procedures may have kept up with policy changes from a compliance standpoint, but have your daily operations readjusted to serve today's patients who now must manage an increase in their individual financial responsibility?
If not, you're likely losing patients - or, in other words, customers - and dramatically slowing your revenue cycle as a result.
This episode of Med Practice Made Perfect will share best practices for managing patient expectations, receiving funds for services rendered, and avoiding costly collections processes - all as the result of simple and actionable operational improvements.
Our host is Tom Maher, President and CEO. As President and CEO of a growing organization in a complex industry, Thomas Maher focuses on people: Practicefirst employees and clients. “You can’t have one without the other, and Practicefirst is successful because we take care of both.” He oversees a diverse and talented team of experienced professionals; whose collective mission is to maximize the value of their clients’ medical practices, so they can focus on the health and well-being of their patients.
Subscribe to Med Practice Made Perfect for more insightful content tailored specifically for practice partners and managers.
