The automatic appending of Modifier -25 on Evaluation & Management (E&M) services has been a concern of insurance payers for quite some time. In years past, we were able to simply append a -25 modifier to communicate that additional service beyond the usual pre-and post-service work associated with the primary service.In recent reports, the Office…
5 ways to grow your practice with social media
October 28, 2016 By Leave a Comment
When you’re running a busy practice, there’s nothing worse than having your internet cut out. Am I right? The other day, my friend Cristina lost her Verizon service and her life came to a screeching halt. She tried the customer service line a dozen times to no avail. All she got was an automated recording.…
To be or not to be (in network)? 4 questions you must ask yourself
September 20, 2016 By Leave a Comment
To be or not to be? That is the question. …The provider asked him/herself when questioning whether to be in network. When you start the discussion about joining a network, there are countless things to consider — many pros and many cons that you have to weigh. With so many considerations, it’s a pretty overwhelming…
Bring more money into your practice with aging reports
September 13, 2016 By Leave a Comment
Aging reports confuse a lot of our providers. At their core, aging reports are pretty simple. It’s essentially a report of all the money you’re owed and how long you’ve been waiting for it. But the term “aging” is misleading. Aging reports give us the age of claims from the date they were submitted. So…
How to empower your team to succeed with this 3-step system
September 7, 2016 By Leave a Comment
Imagine with me for a minute. You’re a zookeeper and you’re given the challenge of moving Peanut, the biggest, crankiest elephant, to her new pen. You pull on your leather gloves, step into Peanut’s enclosure, and the leash to her harness. And you start to pull. You pull and you pull with all your might…and…
How to take your staff meetings from ‘meh’ to meaningful
August 18, 2016 By Leave a Comment
How are your monthly staff meetings going? If you’re like most of the providers we talk to, your answer is probably somewhere between “chaotic” and “okay-but-not-great.” The main challenge stems from one thing: lack of preparedness. Every member of your team is working hard on the day-to-day operations. I get it — you’re a busy…
How to audit your front desk for efficiency and accuracy
August 11, 2016 By Leave a Comment
A good front desk is invaluable, no matter what area of medicine you specialize in. The team you have at the desk can keep your practice running smoothly, or it can act as a jackhammer, making the road jagged and bumpy every step of the way. At IPS, when we start working with a practice,…
How to decode confusing EOBs — the simple way
August 3, 2016 By Leave a Comment
When you switch to electronic fund transfers and stop receiving paper checks, you can choose to receive an electronic Explanation of Benefits (EOB) instead of paper. And as I’m sure you have experienced with some carriers, we don’t even get the opportunity to choose. Those of us in the healthcare world would like to believe…
How EFTs save you time, money, and headaches
July 20, 2016 By Leave a Comment
Electronic Fund Transfers (EFTs,) also known as ACH or direct deposit, are a great way to save time and money. When a practice uses EFTs, they’re paid faster. Their staff works less on billing. And there are fewer headaches for everyone involved. So why aren’t more practices using them? Many providers who aren’t using EFTs…
If you want to grow, you need to be tracking these
July 13, 2016 By Leave a Comment
I’ll be the first to admit it: tracking your numbers is overwhelming. Sure, there are many things you can track, but do you actually need to track all of them? As the owner of your practice, you want to use your time as wisely as possible and only track the numbers that truly matter. Let’s…
