Practice Management News and Education

Answering a Few Questions Can Pay Dividends to Boost Your Practice's Operational Effectiveness

Is your practice running as smoothly as it could be? Even if things are mostly working, it's a good idea to regularly review your office systems and procedures to assess the areas where your practice shines, and the areas where you could use a little help.

Hiring additional physicians or Advanced Practice Providers (APP) may be a good option to consider to help reduce scheduling backlogs, which can support ongoing quality patient care and a solid revenue stream.

The elections for the Cooperative of American Physicians, Inc. (CAP) Board of Directors and for the Mutual Protection Trust (MPT) Board of Trustees are currently underway—and the July 19th annual meeting date is fast approaching!

As a CAP member, you have access to the CAP Purchasing Alliance, a free group purchasing program that provides independent practices access to the same volume pricing on specialty-specific supplies and equipment as the nation's largest health systems.

In value-based care, physicians are paid for keeping people healthy rather than the volume of services delivered. Through coordinated care focused on specific

Changing economic conditions and rising rates have dramatically impacted the Medical Office Building (MOB) real estate market.

As we move forward as a healthcare community, it is important to understand which waivers will continue and which will expire at the end of the PHE, not only telehealth waivers, but all waivers.

In February, CAP hosted a webinar on Evaluation and Management coding, titled 2023 E/M Billing, Coding, and Documentation Rules Impacting Your Practice, presented by healthcare coding and billing expert, Terry Fletcher. During the one-hour presentation, Ms. Fletcher covered a number of E/M rules and 2023 updates, including time-based versus Medical Decision Making (MDM) guidelines, Public Health Emergency (PHE) guidelines and changes, and hospital coding

Did you know that April 16th is National Healthcare Decisions Day (NHDD)? NHDD was founded in 2008 and is promoted by the Institute for Healthcare Improvement (IHI) to highlight the importance of making Advance Directives.

You can now go online and set up recurring payments to pay your CAP bill easily and securely directly from your checking account, just like a paper check but with a lot less hassle.