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Practice Management Advice
Help and advice on running a successful practice, from the experts at the American Academy of Ophthalmic Executives^®(AAOE^®).
1-20 of 33 results
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6 Ways to Stop Revenue Loss

DEC 09, 2022 By Lindsay N Stratton, MHA, OCS in Managing Your Practice, Billing

Insurance reimbursement and collections are more complicated than ever. With COVID-19 and the hardships every practice has faced these past years, having systems in place to collect money up front and stop unnecessary waste is crucial. Follow these six suggestions to improve…

Comments 0

Views 198

Why Credit Balances Are the Priority

DEC 09, 2022 in Managing Your Practice, Billing

Resolving accounts receivable credit balances can be a daunting task. Are these credits a duplicate payment from the payer or a patient overpayment? Often the answer is not straightforward. Explore some of the reasons why uncovering these mysteries should be a revenue cycle…

Comments 0

Views 313

5 Proactive Credentialing Tips for Physicians

DEC 01, 2022 in Contracts, Billing, Practice Operations, Managing Your Practice, Financial Management

The Academy shares tips to help ensure that your practice can be reimbursed by payers for the services you provide to patients and avoid lost time while waiting to be credentialed.

Comments 0

Views 212

Countdown to a New Year — Tips to Prepare for a Streamlined Revenue Cycle

NOV 23, 2022 in Billing, Managing Your Practice

A new year brings new codes, new guidelines and new fee schedules. Have you prepped your practice resources and software systems for a smooth start to 2023? Countdown to the new year with these best practice tips.

Comments 0

Views 168

5 Ophthalmology Billing Tips You Can’t Afford to Miss

NOV 22, 2022 By Lindsay N Stratton, MHA, OCS in Managing Your Practice, Financial Management, Billing

Getting claims paid is an important part of the financial health of your practice. Unpaid claims are a huge drain on your bottom line. These easy tips will help ensure that your claims are paid quickly.

Comments 0

Views 562

3 Coding Compliance Pitfalls to Avoid When Striving to Be Lean

OCT 26, 2022 in Lean Management, Managing Your Practice, Billing

Ophthalmic patient management requires care that is high quality and personalized, which may not always be efficient. Here are three key pitfalls to avoid when looking to implement lean processes in clinics.

Comments 0

Views 5

3 Tips to Promoting a Lean Claims Process

OCT 18, 2022 By Matthew M Baugh, COT, MHA, OCS, OCSR in Managing Your Practice, Billing, Lean Management

Lean management makes sense for all areas of ophthalmic practice. Consider these lean billing tips on a clean claims process and work smarter, not harder for your reimbursement.

Comments 0

Views 36

Billing: It’s Everyone’s Responsibility

SEP 10, 2021 By Lindsay N Stratton, MHA, OCS in Billing, Managing Your Practice

It’s an easy mistake to think that medical billing is only the responsibility of the person (or people) in the billing department, as they send out insurance claims and make sure they get paid. But the most successful practices realize that everybody in the office plays an i…

Comments 0

Views 5

CMS Offers Accelerated Payments for Healthcare Providers

MAY 12, 2021 in Billing, Regulatory Compliance

CMS announced March 28 that it will accelerate advanced Medicare payments available to physicians and other healthcare providers due to the effects of the COVID-19 pandemic.

Comments 0

Views 3

It’s Your Money: 5 More Ways to Ensure You Get All of It All the Time (Part 2 of 2)

APR 15, 2021 By Farida Chowdhury in Managing Your Practice, Practice Operations, Financial Management, Practice Ownership, Billing

In part two of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides more essential tips for improving your practice’s bottom line.

Comments 0

Views 10

It’s Your Money: 5 Ways to Ensure You Get All of It All the Time (Part 1 of 2)

APR 06, 2021 By Farida Chowdhury in Managing Your Practice, Billing, Practice Ownership, Financial Management, Practice Operations

In part one of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides essential tips for improving your practice’s bottom line.

Comments 0

Views 12

Encourage Staff to Continue Education During COVID-19 Reopening

JUN 17, 2020 in Coronavirus, Strategic Planning, Billing, Practice Operations, Professional Growth, Risk Management, Staff Management, Lean Management

Your staff may be facing ongoing furloughs, part-time hours or reduced workloads due to the impact of lower patient visits. You can boost staff morale and your practice efficiency by converting downtime to continuing education. By providing opportunities for your staff to pu…

Comments 0

Views 214

Module 1: Consider the Financial Impact

MAY 06, 2020 By Ann M Hulett, CMPE in Billing, Financial Management

When faced with dramatically reduced production or a completely closed practice due to COVID-19, assessing and monitoring the financial impact is essential and contributes to the decision-making process. While the crisis will eventually ease, the financial impact will be lon…

Comments 0

Views 1228

3 Keys to Revenue Cycle Management Success

FEB 04, 2020 By Robert McCarville MPA, Tonya R Larue, MBA in Billing, Practice Operations

Although many patient-facing tactics attract opportunities for revenue growth, none of them are as important as revenue cycle management (RCM) for obtaining that revenue and strengthening your practice as a whole.

Comments 0

Views 80

Lesson Learned: Hospice and Medicare Advantage

JUN 14, 2019 By Natalie M Loyacano, COMT, OCSR in Practice Operations, Financial Management, Billing

Natalie Loyacano shares important considerations you should be aware of when dealing with hospice and Medicare Advantage Plans.

Comments 0

Views 414

Structuring Physician Employment Agreements: An Interview with Mark Kropiewnicki

MAR 26, 2018 in Webinar-Webcast, Billing, Financial Management

Changing demographics in ophthalmology contribute to high demand for new associate ophthalmologists. What does the competition mean for ophthalmologist employment agreements? We talked to contract expert Mark E. Kropiewnicki, JD, LLM.

Comments 0

Views 30

E&M vs Eye Codes: Who Is the Winner?

FEB 12, 2018 in AAOE Program Highlights, Billing

Physicians tend to code far more exams than tests or surgical procedures, so for the financial success of the practice, it is vital to understand when to bill an E&M and when to bill an eye code. This AAO 2017 course will help you distinguish between medical and vision and w…

Comments 0

Views 1229

How Relevant are RVUs to Your Practice: An Interview with Ann Hulett

SEP 07, 2017 By Ann M Hulett, CMPE in Billing, Webinar-Webcast, Financial Management

Every July, CMS releases its proposed fee schedule for next year. This usually includes changes to conversion factors and relative unit values. I inevitably wonder how much these changes will financially affect my practice next year. To answer that question, you have to unde…

Comments 0

Views 3

E&M vs. Eye Codes: Who Is the Winner?

JAN 17, 2017 in Billing, AAOE Program Highlights

When should you bill an E&M and when an eye code? Physicians tend to code far more exams than tests or surgical procedures, so for the financial success of the practice, it is vital to solve the mystery.

Comments 0

Views 2

Best of E-Talk: Collecting Deductibles

JAN 13, 2017 in Billing, Best of E-Talk

Question: How should I handle patients who have high deductibles, yet refuse to pay at the time of service?

Comments 0

Views 3

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