Most independent medical practices do not have a payer problem. They have a visibility problem. The contract itself may not be terrible, but leadership often cannot quickly answer simple questions. What do our largest payers actually reimburse? Where are underpayments occurring? Which plans are growing? Do next year’s budget assumptions actually match our contract economics? […]
By July, most independent practices have a good sense of whether the year is tracking to plan. The problem is that many practices wait until November to confront revenue cycle issues that have been sitting in plain sight since spring. Mid-year is the right time to clean up collections because there is still enough runway
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Midyear Revenue Reset: 5 Payer and Fee-Schedule Checks for Independent Medical PracticesIndependent practices do not need another strategic retreat in July.They need a short list of revenue leaks that can still be fixed before the year is gone.Midyear is the right time to review payer performance, charge structure, denials, staffing cost, and provider behavior together.
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Mid-year is a useful time to stop guessing. Most small and mid-sized medical practices do not need a 40-page strategic plan halfway through the year. They need a clean view of whether the business is actually producing enough cash to support the decisions being discussed. Should we hire another staff member? Replace a manager? Add
When Revenue Is Up but Cash Still Feels Tight A medical practice can be busy, booked, and still feel financially strained. That is one of the more frustrating situations for physicians and practice owners. The schedule looks full. Gross charges may be higher than last year. The team feels busy. But payroll, rent, vendor payments,
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