Financial Management

 Be proactive about your credentialing to avoid denials

July 1, 2017

By evaluating your credentialing situation you can avoid claim denials before they become a problem.

 How long does it take you to close your month-end billing?

July 1, 2017

MGMA members discuss the best practices for closing out a practice’s monthly financial books.

 Productivity data holds clues to gender compensation gap for physicians

July 1, 2017

One of the factors regarding the difference in pay between male and female physicians may be productivity.

Make sure your compensation plan is aligned with your group’s goals

June 13, 2017

“Most of us tend to actually perform related to the way things are designed in our compensation plan,” explains Ford in a recent episode of MGMA Small Talk. One way to change your providers’ behaviors is to change their compensation.

MGMA poll: Fewer than half of respondents say physicians feel satisfied with compensation plan

June 8, 2017

32% of respondents in a recent MGMA Stat poll say their physicians aren’t happy with their compensation plan. Is it time to make a change? 

Medical practice leaders say prior authorization requirements continue to rise

May 18, 2017

A recent MGMA Stat poll found more than 85% of respondents claiming their medical practices are facing more prior authorization requests now than in years past.

In-house or outsourced payroll: What’s the right fit for your medical practice?

April 20, 2017

Understanding your medical practice’s goals will help determine whether you handle your payroll in-house, outsource it or find a mix of both for processing.

Teamwork is essential for navigating to value

April 18, 2017

When transitioning to a value-based system, identify areas for improvement and tap your team for help, says Thom Walsh, author of Navigating to Value in Healthcare. 

 Chronic care management: A bridge to value-based reimbursement

April 1, 2017

Chronic care management could be a good first step toward value-based care for many practices.

 Looking for margin in all the wrong places

April 1, 2017

Understanding which procedures generate the most margin is critical to the success of a practice’s financial success.

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