Part 3 of 12 – Billing Transparency -Optimizing both Patient Collections & Satisfaction – Here is How

There are two groups of patients covered within this opportunity. The first are patients with…

Part 2 of 12 – Maximize your Payer Collection Rate – Here is How

12 Part Series: MedCV Practice Financial Management – Insights & Tips You Need to Know About to Quickly Maximize Your Income Tip 2 of 12 – Net Insurance Collection Rate Insurance Revenue Cycle Management:a. Assessment: Flawless revenue cycle management is essential for financial sustainability. Success in revenue cycle management is dependent on the effective executionContinue reading “Part 2 of 12 – Maximize your Payer Collection Rate – Here is How”

New more relaxed PPP forgiveness requirements passed

Extension for spending Paycheck Protection Program money Reform Bill passes making it easier for recipients of Paycheck Protection Program (PPP) funding to qualify for forgiveness of the loans. Extends from eight weeks to 24 weeks the time to spend funds Lowers to 60% from 75% the portion borrowers must spend on payroll (including salary, healthContinue reading “New more relaxed PPP forgiveness requirements passed”

Get Your Patients Back! Practices Must Communicate with Their Patients

Getting Back to Normal During COVID-19 Getting your practice back to normal in the times of COVID-19 will be a challenge. If you’re ready to invite your patients to come back in, well-planned communications will be the key to success. Almost certainly you need to step up efforts to communicate to your patients and craftContinue reading “Get Your Patients Back! Practices Must Communicate with Their Patients”

New more relaxed PPP forgiveness requirements passed by the House

Senate and administration also back an extension for spending Paycheck Protection Program money The U.S. House approved legislation Thursday making it easier for recipients of Paycheck Protection Program (PPP) funding to qualify for forgiveness of the loans. Extends from eight weeks to 24 weeks the time to spend funds. Senate may only double spending periodContinue reading “New more relaxed PPP forgiveness requirements passed by the House”

Physician Job Offers Being Rescinded, Some Organizations Haven’t Exactly Treated Physicians in Accordance with Stated Core Values or Culture

If That Happened to You, Here is Why and What You Need to do “Right Now!” How an organization manages during a time of crisis can be extremely revealing and is a time when culture and core values shine the most. Offers have been pulled, new recruitment has been put on hold, all of usContinue reading “Physician Job Offers Being Rescinded, Some Organizations Haven’t Exactly Treated Physicians in Accordance with Stated Core Values or Culture”

Refinancing Now Could Help With Cashflow More Than You Think

With rates near historic lows, refinancing could help cut down on personal and commercial mortgage payments and help relieve financial stress. Plus, you may ALSO be able to preserve much needed cash because you could be saving 1-2 payments as you go through the process. If you think now is the right time to refinance,Continue reading “Refinancing Now Could Help With Cashflow More Than You Think”

Has Your Team Stepped Up to Do Everything They Can to Help During this Crisis? Have You?

Has Your Team Stepped Up to Do Everything They Can to Help? If Not, You are Probably Very Frustrated! 
Here are a few great tips from Quint Studer about “Staff Working From Home Expectations,” and then our thoughts about what to do if …

Make Sure You Use the Paycheck Protection Funds Correctly for your Practice

A MedCV Practice Management Tip If you applied for the Payroll Protection Program loan (If you didn’t, you need to, immediately) through the SBA, you probably found the process both confusing and frustrating. And now if your PPP loan has been funded, the confusion continues as you search to use the funds in a mannerContinue reading “Make Sure You Use the Paycheck Protection Funds Correctly for your Practice”