In this episode of “Med Practice Made Perfect”, host Tom Maher dissects the insourcing-versus-outsourcing dilemma in revenue cycle management (RCM) for medical practices. Maher explores the contrasting viewpoints on control, oversight, and cost-effectiveness associated with each approach. If you’re debating whether to keep your healthcare billing a…

Welcome to MedPractice Made Perfect, brought to you by Practicefirst Medical Management Solutions. In this episode, host Tom Maher will delve into a pressing issue affecting many medical practices: termination letters for RCM services from Optum. Understanding the Situation Optum recently acquired a significant portion of business from ChangeHealth…

Starting a medical practice is a process rife with potential landmines. If caught off guard, hopeful practice owners may find themselves dealing with major delays, incurring fines, or experiencing significant revenue cycle issues down the road. In this insightful podcast episode, we delve into some of the key intricacies of launching a successful m…

The online presence of healthcare practices presents distinct challenges that administrators must navigate, setting it apart from other industries. In this insightful episode, Tom’s guest Claire Carlo highlights the significance of establishing a strong foundation for effective healthcare marketing. Key elements, such as a mobile-optimized website …

In this episode of the MedPractice MadePerfect podcast, host Tom Maher reviews a selection of important policy changes stemming from the end of the COVID-19 Public Health Emergency (PHE). Practicefirst is an industry leader in revenue cycle management, providing medical billing, coding, credentialing, and full-service practice management solutions …

While coding algorithms can significantly improve the accuracy and efficiency of medical coding, they are not a replacement for human expertise. In fact, working with coders is essential to optimizing the use of coding algorithms and maximizing profitability. Coders play a critical role in ensuring that coding algorithms are used correctly and effe…

Key Performance Indicators (KPIs) are essential metrics used by successful medical practices to monitor their financial health and boost profitability. By establishing KPIs, practices can track important numbers such as revenue, expenses, and cash flow trends. KPIs help identify potential issues in the revenue cycle before they become major problem…

Not everyone thinks of a medical practice as a business - but in fact, it is just that, a business - and people want to be treated the right way. That includes interactions with their doctor and any healthcare provider, but also the rest of the staff. It is very important that your patients feel empathy from your team for their medical plight but a…

Medical practices have long been faced with adapting to the rapidly-changing insurance landscape, including major shifts in policy like the Medicare Prescription Drug Improvement and Modernization Act of 2003, and the Affordable Care Act in 2010. The latter introduced high deductible plans to the American public; a major departure from the payment …