Why a Feasibility Study is Essential For a Medical Practice Startup
Doctors Management Blog
by Jordan Brinkman, JD
12h ago
Establishing your own medical practice is a venture not many physicians choose, but for those who do, it is a commitment to healthcare excellence and an investment in your own financial success. However, before opening the doors to patients, there is a crucial preliminary step often overlooked: the feasibility study. In the complex landscape of healthcare, where success hinges not just on clinical prowess but also on economic viability and strategic planning, conducting a comprehensive feasibility study is paramount. Let’s examine why this preliminary analysis is indispensable before starting ..read more
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What Is a Medical Auditor?
Doctors Management Blog
by DoctorsManagement
5d ago
The healthcare industry can be complex, demanding high accuracy and compliance standards. Health providers must offer quality patient care and maintain operational efficiency and financial integrity. Meeting these requirements requires precise information, meticulous record-keeping, and adherence to stringent regulations. The practice of medical auditing lies at the heart of this commitment to accuracy. How does medical auditing work? What does a medical auditor do? This article is your comprehensive guide to healthcare auditors. Learn what their responsibilities are a ..read more
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Understanding Office-Based Fracture Care
Doctors Management Blog
by DoctorsManagement
1w ago
Reviewing documentation and selecting codes for fracture care is not always as straightforward as it may seem. Often when I am working with clients, I find that information related to office-based fracture care is at times omitted and left up to assumption mostly based on the diagnosis code(s) the patient has. It is important for us to understand not only the CPT code descriptions but also what is expected from a documentation perspective to back up medical necessity and the care that is being rendered.  To code for fracture care, we must analyze the documentation to determine what the de ..read more
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Navigating Managed Care Contract Renegotiation
Doctors Management Blog
by Trevor McElhaney, JD
3w ago
Managed care contracts serve as vital agreements between healthcare providers and managed care organizations (MCOs), outlining terms and conditions for services rendered. These contracts dictate reimbursement rates, service coverage, and performance metrics, playing a pivotal role in the financial sustainability and operational efficiency of healthcare organizations. However, as healthcare landscapes evolve, renegotiating these contracts becomes imperative for organizations to adapt to changing market dynamics, address inefficiencies, and optimize reimbursement structures. Therefore, the purpo ..read more
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Guide To Navigating The MATE Act For Healthcare Providers
Doctors Management Blog
by Katie McGonigal, JD
1M ago
Medical providers are commonly aware of the need for registration with the Drug Enforcement Administration (DEA) in order to prescribe, administer, or prescribe controlled substances. However, the recent MATE Act has added a requirement to receive or renew that registration. This blog looks at some of the basics of DEA registration and the new training that the MATE Act requires and strives to answer what may be common questions about these topics.   Why is DEA Registration Important? DEA registration is an essential part of practicing as a healthcare provider in the United States. A ..read more
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Navigating Change in Otolaryngology: Strategies for Growth and Success
Doctors Management Blog
by Jesse Overbay, JD
1M ago
In the rapidly evolving landscape of Otolaryngology, embracing change is essential for driving patient volume and revenue while ensuring practice sustainability. As advancements in technology, shifts in healthcare policies, and changing patient preferences reshape the industry, Otolaryngologists must adapt and innovate to thrive. Here’s a detailed look at how ENT practices can embrace change and implement best practices to drive patient volume and revenue in-office. Embracing Technological Advancements: Telemedicine Integration: In-office visits are no longer the only option for patient consu ..read more
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Compliance Concerns Within Office Procedures
Doctors Management Blog
by DoctorsManagement
1M ago
The surgical section of CPT includes all codes within the range of 10021 and 69990, give or take the occasional re-sequenced code, based on anatomical section. While only a fraction of these surgical CPT codes can be performed in an office setting, proper documentation of office-based procedures is important to capture reimbursement in a compliant manner.  Before we begin our journey into this topic, I’d like to begin with a maxim of procedural documentation (of my own making): what is needed in a facility is needed in the office.  By stating that, I mean to say that the components o ..read more
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2024 Physician Reimbursement Sustainability
Doctors Management Blog
by Shannon DeConda
1M ago
The year 2024 has brought in a notable decrease in physicians’ reimbursement rates. This is attributed to the adjustments made to the conversion factor used in computing the rates. These changes have significant implications for physicians, affecting their financial compensation for their medical services. Reimbursement Reduction Any business can feel the impact of reduced revenue, but the healthcare industry is particularly susceptible to its effects. However, the impact on the healthcare sector is not always completely considered. When the cost of consumer goods increases, a cheaper alternat ..read more
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Navigating OSHA Compliance: Annual Requirements for Posting the OSHA 300A Summary
Doctors Management Blog
by DoctorsManagement
1M ago
In the realm of workplace safety, compliance with regulations is not only essential for the well-being of employees but also crucial for the success of your medical or dental practice. One such requirement is the posting of the OSHA 300A Summary, even if there are no recorded injuries or illnesses in the workplace. In this blog post, we will delve into the regulatory aspects of this requirement, the specific dates for posting, and where this document should be displayed.  Understanding OSHA 300A Summary The OSHA 300A Summary is a part of the OSHA Recordkeeping Standard, which mandates cer ..read more
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Navigating the Decision to Opt Out of Medicare: A Surgeon’s Strategic Journey
Doctors Management Blog
by Gene Good, JD
2M ago
In the realm of medical practice leadership, a recurrent topic of discussion revolves around the challenges posed by the increasing cost of living, which outpaces the growth of payor reimbursements.  Amidst these discussions, practitioners often grapple with the escalating demand for financial and practice resources to comply with payor regulations. For some, the question arises: is it still worthwhile to remain in-network, and if so, why? If the answer leans towards affirmation, the subsequent step involves delving into the contractual agreements with payors. This process, recommended ev ..read more
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