October 2024

https://youtu.be/HCJ8QDaIRC8?si=7WT4YaMbY01ymIMF An important aspect of managing a healthcare practice is deciding which payer sources to work with, particularly when it comes to insurance. The choice of insurance providers can significantly impact cash flow and financial planning. It is advisable to diversify the range of insurance providers...

https://youtu.be/-oRqn0Oprk4?si=__mEdq4jHyUwzVqh For healthcare professionals in private practice, staying informed about legislative changes is significant, especially when it comes to reimbursement rates and authorized billing codes. Legislative decisions directly impact the financial viability of practices and, in turn, the ability to provide quality care. Each state has...

https://youtu.be/b_KcLu_wmuU?si=oVJptLivVL2bjvAZ Managing finances in a healthcare practice is important, especially when it comes to handling outstanding payments. When services rendered aren't immediately compensated, these unpaid amounts transition into what is known as Accounts Receivables (AR). AR can potentially be written off during tax season, but ideally,...