Ken Dominy Accounts Receivable days, or more commonly known as AR days, is an important Key Performance Indicator (KPI) for revenue management at a pediatric practice. Since claims are sent to insurance companies and patient payments, there will always be pending revenue to be paid or Accounts Receivable (AR). AR Days is a calculation to…
Ken Dominy There are many components to operating an independent Pediatric Medical Practice. The core function of Pediatric practices is managing patients effectively for their well being. Decades ago, the Healthcare market was a simpler design – a Medical practice developed a fee schedule and charged patients based on the fee schedule for procedures…
Ken Dominy There are many choices for Electronic Health Record (EHR) Systems on the market today. An office-based pediatric practice needs a full-featured and easy to use pediatric clinical template system. It is confusing and time-consuming for providers if they have to choose from hundreds of clinical templates with many variations. A great pediatric EHR…
Ken Dominy Information security is important for EHR systems and medical practices. Security breaches should be a concern of staff and providers, as well as the EHR vendor. Unfortunately, criminals seek to use patient data and insurance information to file fake claims with insurance or potentially gather information to use to file fake taxes. EHR…
Argenysse Marcelino As we approach the peak of flu season, making sure that your practice is taking all the precautions needed never hurts. This year, the Centers for Disease Control and Prevention (CDC) has updated their vaccines in accordance to the virus trend, as well as their age regulations. In addition, doing some internal double…
Most of the reimbursements for pediatric practices today are based on Fee for Service (FFS) payments. The FFS payment system is based on the value of the work provided by the providers. The Relative Value Unit (RVU) is the most common system used to value procedures or work completed by pediatric practices. The CPT codes…
Insurance plans have increased the amount of the visit that the patient is responsible for paying when a patient visits a pediatric practice. It is interesting how before 40 years ago, it was common for patients to pay the entire bill to their pediatrician and they would submit their receipts to the insurance company for…
All pediatric practices need to manage the medical claim process so the practice receives revenue for their services. The medical claim process has various steps and aspects to the process and starts with the front desk team and the patient insurance. The first step is important that the front desk team verifies the patient insurance…
Is Your Pediatric Practice Software Integrated Across Multiple Functions of Your Pediatric Group? Ken Dominy A pediatric practice has many tasks that occur throughout the practice. These tasks are different functions and areas that are critical to a successful practice. Functions that occur in a pediatric practice include: checking in patients, entering patient and insurance…
Four Suggestions for Pediatric Practices to Code Immunizations Ken Dominy Immunizations are an important aspect of all pediatric groups. Whether it’s during the flu season or year-round, having an a way of coding immunizations that increases efficiency in your practice is never a bad thing. Four suggestions related to coding immunizations include: Select the Proper…
