Reimbursement Focus: Integrated Merchant Services for Medical Practices
Gilbert Johnston Beware of the enticement to switch merchant services to a financial institution with lower fees on credit card transactions. “Physicians and physician practices are often convinced by their banking partner to take a merchant service agreement from that bank, ignoring the extra resources that program will require,” says Gilbert Johnston, COO at The […]
Reimbursement Focus: Integrated Merchant Services for Medical Practices
Gilbert Johnston Beware of the enticement to switch merchant services to a financial institution with lower fees on credit card transactions. “Physicians and physician practices are often convinced by their banking partner to take a merchant service agreement from that bank, ignoring the extra resources that program will require,” says Gilbert Johnston, COO at The […]
Reimbursement focus: The Positives of Outsourced Revenue Cycle Management
Tammie Lunceford, CMPE CPC “No one is going to care about collecting your money as much as you will, so normally I’m not a proponent of outsourcing,” says Tammie Lunceford, CMPE, CPC, with Warren Averett. Certain situations, however, can make outsourcing the best option for practices. “If the practice is small and has limited staffing […]
Reimbursement focus: The Positives of Outsourced Revenue Cycle Management
Tammie Lunceford, CMPE CPC “No one is going to care about collecting your money as much as you will, so normally I’m not a proponent of outsourcing,” says Tammie Lunceford, CMPE, CPC, with Warren Averett. Certain situations, however, can make outsourcing the best option for practices. “If the practice is small and has limited staffing […]
Reimbursement focus: HFMA Offers Best Practices for Fair Debt Resolution
Richard Gundling, FHFMA, CMA Communication is key when it comes to addressing a patient’s financial responsibility for medical bills. To help with those uncomfortable conversations, the Healthcare Financial Management Association (HFMA) recently released Best Practices for the Fair Resolution of Patients’ Medical Bills. Designed to be used by providers, their business affiliates and credit bureaus, […]
Reimbursement focus: HFMA Offers Best Practices for Fair Debt Resolution
Richard Gundling, FHFMA, CMA Communication is key when it comes to addressing a patient’s financial responsibility for medical bills. To help with those uncomfortable conversations, the Healthcare Financial Management Association (HFMA) recently released Best Practices for the Fair Resolution of Patients’ Medical Bills. Designed to be used by providers, their business affiliates and credit bureaus, […]
IT Focus: Cybersecurity Insurance
“I sell more cyber insurance than malpractice at this point,” says Kay Brasfield with Mag Mutual, a medical liability provider. Currently, 95 percent of their Alabama policyholders also carry a cyber policy. “I’m a big fan of cyber insurance,” says Nic Cofield, a vice president at Jackson Thornton Technologies. “Because there’s no such thing as […]
IT Focus: Cybersecurity Insurance
“I sell more cyber insurance than malpractice at this point,” says Kay Brasfield with Mag Mutual, a medical liability provider. Currently, 95 percent of their Alabama policyholders also carry a cyber policy. “I’m a big fan of cyber insurance,” says Nic Cofield, a vice president at Jackson Thornton Technologies. “Because there’s no such thing as […]
IT Focus: Cybersecurity for Remote Workstations
The number of ransomware attacks worldwide has climbed 20 percent in the last two months, and 93 percent in the past year, according to a June release from Check Point Research. The cost to businesses this year alone is estimated to be $20 million from ransomware, up 57 times from six years ago. “And here’s […]
IT Focus: Cybersecurity for Remote Workstations
The number of ransomware attacks worldwide has climbed 20 percent in the last two months, and 93 percent in the past year, according to a June release from Check Point Research. The cost to businesses this year alone is estimated to be $20 million from ransomware, up 57 times from six years ago. “And here’s […]