The sooner a physician gets paid, the more that payment is worth. Monitor your metrics for a healthier bottom line.
Service: Physician Business Solutions
LBMC Physician Business Solutions, LLC is a physician practice management company (PPMC) offering business consulting, practice management, administrative support, revenue cycle services, IT support, and implementation of an electronic medical record (EMR) solution. Learn more about our services.
4 Key Financial Metrics for Physician Practice Success
Van Ostran
Revenue Cycle of a Healthcare Practice – Seven Steps
What is Revenue Cycle Management in Healthcare? Revenue cycle management… Read more »
Healthcare Leaders Find Success with Strategic Procurement Partnership
The art and science of servicing non-acute-care sites Achieving supply… Read more »
MEDIA: Providers, insurers poised for ‘bloody’ negotiations amid inflation
Surging inflation has set the table for heated negotiations between… Read more »
MEDIA: Struggling shopping malls converted into health clinics
BY BLAKE FARMER AND KAISER HEALTH NEWS The hulking Hickory Hollow… Read more »
Contractual allowance vs. bad debt for healthcare providers
Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.
6 Internal Controls to Implement in Your Physician Practice
It’s no surprise that medical practices commonly struggle with internal… Read more »
Physician Practice Leadership in a Post-COVID-19 Environment
Originally published in Nashville Medical News The COVID-19 pandemic and… Read more »