Why are daily audits necessary?
To capture missed/lost charges.
Why does it seem that the physician’s work-life is so filled with daily conflict?
Physicians deal with conflict every day. They deal with conflict in transactions with insurers, colleagues, hospital administration, in addition to managerial challenges.
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Why use my phone’s address book?
Address books on a phone hold an entire contact database, close at hand, annotated and searchable. Every contact entry can include name, address, specialty, multiple phone numbers, email address, custom fields, and notes. Users can search by keyword, name, specialty, practice group, city, or notes text.
Why would an insurance carrier include personality assessment tests as a condition of policy renewal?
There are many things that contribute to lawsuits being filed against physicians, but there have been several studies in recent years that connect personality with lawsuits.
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Will I avoid the specter of an up coding allegation if I bill at lower level codes regardless of what services are performed
There are risks and downsides to up coding by deliberately billing lower level codes regardless of what services are performed.
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Will I be allowed less time with my patients if I participate in Managed Care?
The assumption is that managed care has eroded patient confidence through many mechanisms, including forcing doctors to spend less time with patients.
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Assessing A Practice’s Financial Condition
“Assessing a Practice’s Financial Condition” provides a survey of financial concepts important in the evaluation of the financial condition of a medical practice. It provides an introduction to methods of analysis and key financial information generated from the following practice documents:
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Conducting an Effective Search
How do you find the ideal practice position? How do you identify the opportunities that are a good fit with your skills and personal goals?
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Creating a Financial Plan
One of the things you’re probably looking forward to as you complete your medical training is a decent paycheck. It’s easy to think that your money worries will be over and that you’ll always have enough to do everything you want to do.
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Practice Management System Reports
Whether you’re just starting your practice as a new physician, joining an established Group, or considering buying or selling a practice, understanding the financial underpinnings of the business is crucial to your ability to make good business decisions.
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