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Restrictions on physician autonomy and an increase in paperwork heads the list of complaints from doctors. Now, a shortage of doctors, along with some long-awaited stabilization in healthcare reform, could permit the profession to push back.

In this issue of our healthcare strategies newsletter, we explain some key tasks you can implement now to help your patients make full and timely payments throughout the year..

Do you know how much your practice spends on overhead? On average, physician practice overhead exceeds 60% of billings and that ratio is growing as the ACA reduces payments to providers. Here are eight ways to reduce your staff costs.

The pressures doctors face continue to increase amid accelerating change in healthcare and the relentless demand to demonstrate business value. A medical practice alone can’t solve the problem of physician burnout, but a practice can help mitigate it.

What would it take to shift your claims management to a prevention model? Here are the main steps involved.

An Advanced Alternative Payment Model (AAPM) offers benefits to physicians or practices that qualify including potential exemption from MIPS reporting requirements. This article discusses the requirements to qualify and the approved AAPMs for 2017.

Until recently, few physicians offered after-hours care beyond an automated telephone instruction to call 911 or visit an emergency room. But offering 24-hour access is a policy goal today. Why should practices consider staying open longer?

Your healthcare practice probably hinges on a number of complex agreements – agreements that require periodic review and updating. The following documents in particular demand your attention.

One of the most positive features of the MACRA Final Rule is that physicians have a degree of flexibility in implementation. You can start collecting your performance data any time between January 1 and October 2, 2017.

Most workflow issues can be traced back to problems with processes, not with people. Consider these five steps for taming the workflow beast at your practice.

For Medicare providers, 2017 is the year to begin ramping up Medicare's Quality Payment Program. Final rules authorized in the bipartisan Medicare Access and CHIP Reauthorization Act (MACRA) will affect providers' Medicare payments beginning in 2019.

In a world of credit and debit cards, it’s easy to forget the importance of proper cash handling. Hundreds of thousands of dollars disappear from medical practices each year - consider these best practices for managing the cash that flows through your practice.

Physicians are trained to make treatment decisions in the best interest of their patients' health - not what patients can afford or what the insurance company will pay. Discussing costs and options with patients may strengthen the doctor-patient relationship.

Telemedicine is already a $17.8 billion industry. Behind those eye-popping numbers is a simple truth: Patients love it. In fact, an estimated 7 million patients are expected to be utilizing some form of telehealth services by 2018.

According to a report from the Medical Group Management Association, physician practices collect only 60% of patient co-payments on average. Cracking down starts with establishing clear and consistent expectations for payment.

There are plenty of strategies available to protect your assets. But advanced strategies like offshore trusts should be employed only after you’ve covered the basics. The following tried-and-true asset protection strategies will help keep your assets safely out of reach of creditors.

Ideally, an exit strategy is spelled out in the partnership agreement or employment contract. Some practices go as far as negotiating a formal separation agreement with departing physicians that clarifies the terms of departure.

Reviewing end-of-quarter financials is one thing, but there are some meaningful metrics your practice should be looking at on a daily or weekly basis. There are also a number of different key performance indicators (or KPIs) you can be monitoring on a regular basis.

How Insulated Are Your Assets? It’s not all that hard to find out what is in your practice’s pockets. Asset protection is based on a simple concept. Here are some key factors in personal asset protection.

Fraud comes in many shapes and sizes, but the telltale signs of employee theft are fairly consistent. Establishing good internal controls is a vital defense against fraud. In particular, physicians and practice managers should be on the lookout for the following signs.