5 Ways To Optimize Your Practice's Finances

5 Ways To Optimize Your Practice's Finances

Posted by Lara Smith
Mar 7, 2017 2:45:26 PM

So, you’ve done your homework and hired a rock star coder to improve your bottom line. You’ve found the perfect person, someone with knowledge, initiative, critical thinking skills and precise communication. You are WINNING.

But regardless of how great they are, how can you be sure that this amazing coder-the one who wowed you with his or her experience and expertise during the interview-will increase your bottom line WITHOUT increasing your risk to insurance carriers?

No matter how experienced your coder is, they’ll need help at some point to navigate the tricky and ever-changing terrain of the CPT book and payer policy. Purely from a business perspective, your practice needs to operate at its financial best so you can stay afloat and your providers can focus on enhancing patient care and outcomes.

There are five simple way you can reduce your risk to insurance carriers and increase your bottom-line:

  1. Set expectations for the coder
  2. Schedule a baseline review with an experienced auditor
  3. Educate the coder on any deficiencies
  4. Make a plan for ongoing audits and education
  5. Hire a third-party auditor

Tune in to our upcoming webinar, Who's Auditing Your Coders?, for more information on how to reduce your risk while increasing revenue.

Webinar Details Here >>

Need CEUs? You can purchase a CEU for this webinar for a small fee. No thanks? No problem. You can watch for free as always if you do not want to purchase a CEU.

Questions or Comments?