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October 20, 2020

5 Strategies For Optimizing Your Billing & Collections Process

Let me ask you a question, how much revenue has your private practice lost due to simple revenue cycle management mistakes. After 12 years of auditing private practices, books, operations, and systems, I've found a trend of private practices leaving tens of thousands of dollars on the table on an annual basis. Worse yet, I've seen pediatric therapy private practices leave over $50,000 in lost revenue.
October 19, 2020

Developing a Simple Cash Flow Statement for Private Practice [2020]

Understanding a simple cash flow statement for your Private Practice You’ve heard the sane, cash is King.  Of course it is, but understanding how we look at cash flow is essential to making practical business decisions. We can sometimes make some pretty bad decisions because cashflow can also be misleading in […]
October 6, 2020

The Role Of Data Analytics In Healthcare in 2020

Understanding Data Analytics in Healthcare Data analytics’s primary role is to help the entrepreneur better manage money, capital, and human resources by making well-informed decisions affecting the healthcare firm. In healthcare management, data analytics bank on artificial intelligence to break down complex numbers into easily-understandable bits of information and provide a correct […]
October 5, 2020

How An MSO Helps Healthcare Providers Grow Their Practice

Many healthcare providers are struggling to grow their healthcare practice while maintaining autonomy in their business. A Healthcare Management Services Organization allows private practices to integrate administrative services and lower overhead costs. A healthcare MSO model will provide affordable administrative assistance including tools and support for comprehensive analytics, billing, payroll, recruiting, and marketing.
September 11, 2020

Why Feedback is Important for Your Healthcare Business to Thrive

Feedback is an important tool for healthcare businesses. Most people will check out the reviews and feedback left by previous customers before choosing to come to your business. If you’ve responded, they’ll likely read that too. If they like what they see, they may come to you. Of course, that’s […]
August 19, 2020

Healthcare Practice Responses to COVID-19 Challenges

COVID-19 has presented unique challenges to the healthcare system. These challenges include needing to treat people, but also needing to reduce contamination, as well as handling the visits of family and friends to patients. The healthcare system has risen to the challenge and has responded valiantly. Here are three such […]
August 11, 2020

Identify Your Patient Lifetime Value | Healthcare Marketing

Introduction One of the common questions I get from potential clients is how to identify your marketing budget and the value of healthcare marketing ideas in today’s digital marketing environment. So when building your marketing strategy or identifying a marketing budget, you must identify your customer’s lifetime value. Again, I’m […]
August 3, 2020

Major Areas of Improvement Your Healthcare Business Should Focus On

Healthcare businesses, like any other business, have room for improvement. The reality is that there probably isn’t a single area of your business that couldn’t be improved in some way. It’s impossible to focus on every aspect at one time, however, so you’re better off focusing on areas worth prioritizing. […]
July 16, 2020

Private Practice GMB Optimization in 2020

How Optimizing Your Google My Business Page Can Benefit Your Therapy Business in 2020 Google My Business(GMB) has arguably become one of the most essential marketing tools for local business owners in the last five years. It is yet another step that Google has taken to move the focus away […]