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Improving Financial Management at Medical Practices: 6 Steps

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In a Power Your Practice article, Steff Deschenes lays out six steps for improving financial management and maximizing revenue at a medical practice.
Here are the six steps:

1. Maintain productivity.
2. Capture all charges.
3. Verify that accurate information is being submitted to avoid delayed payments.
4. Ensure effective office collections.
5. Implement effective collection policies and procedures.
6. Ensure regular review of contracted payer rates and operational costs.

More Articles on Practice Management:

10 Tips for First-Time Managers
Small Business Owners: 7 Tips for Best Negotiations
Top 10 Challenges, Opportunities for Physicians This Year

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