Physicians Practice June 7, 2023
Operating a profitable medical practice is perhaps more challenging than ever.
Managing the financial aspects of a medical practice can be challenging, especially while navigating the increasing complexities of healthcare reimbursement systems. As a physician, you have little control over managed care and governmental oversights, but you can improve your financial stability and profitability with careful planning and strategic decision-making. Here are six specific areas you can control that will help enhance your practice finances, ensuring a healthier financial future.
Enhance coding and documentation practices
Evaluating coding and documentation mechanisms is a crucial first step toward maximizing reimbursement. Properly documenting patient encounters – including diagnoses, treatments, and procedures – is vital...
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