Archive for Negotiating your Managed Care Contracts
Quick Practice Evaluation
Take your yearly or monthly patient visits and divide this number by your total costs for that same period. This will give a rough number as to what it cost you to see those patients. There will obviously be procedures that drive the cost up but those procedures should likewise increase the revenue. This is [...]
Florida 2009 Medicare Fee Schedule
Here are some of the most common cpt codes and the associated payments from Medicare. These numbers are for “Rest of Florida” locality. It is actually is one of the lower reimbursements in Florida. You can at least take these numbers and compare them to your EOBs to see how the other [...]
It is Time!!! Put your Loupes on…….
One of the most difficult decisions for practice executives and owners is to lay off their employees. Is this the answer? Yes and No.
If you are running into a hard time because of the drop in cosmetic revenue and patients putting off procedures then you need to look closely at your costs. Your biggest expense [...]
Manage Expenses and Increase Revenue
Does the economic slump have you hurting financially? The most common answer for dermatologists is a resounding YES. We took it for granted during the good years and focused a lot of our practice on generating more cosmetic revenue while pushing the insurance patients to the side. This means that we probably lost some patients [...]
Easy way to for Physicians Increase Revenue 8%-12%
Dermatologists are often the hardest hit specialists and is largely in part due to the dependency in recent years on the cosmetic side of their business. Most dermatologists do not remember the last time their contracts were renegotiated and this is the easiest way to increase or lose revenue. Insurance companies will not ask you [...]