Monthly Report Key Performance Indicators to Monitor

A monthly report should provide data associated with Key Performance Indicators for operating a pediatric practice. Some of the Key Performance Indicators (KPIs) to monitor via the monthly report include: Average AR Days: Average Accounts Receivable (AR) is a measure of, on average, how fast the practice is being compensated for services performed. The lower…

Review Reporting Requirements for HRSA related to the Provider Relief Fund

The US government approved the CARES Act in April 2020. Part of the initial CARES Act was to provide funds to Health and Human Services for distribution to hospitals and providers for financial relief due to the COVID19 pandemic. HHS created a Provider Relief Fund via the Health Resources and Services Administration (HRSA) Provider Relief…

Checklists for Optimal Revenue Cycle Management

Pediatric Practice revenue cycle management results can be attributed to multiple stakeholders in the revenue cycle.   While the Physician Xpress Account Managers and medical billing team have a significant role on managing claims, follow-up and reporting, the actions of the front desk team and the pediatric providers have an impact on the revenue cycle…

COVID-19 Impact on Pediatric Practices: Update End of 3Q21

It has been about one and a half years since the COVID-19 pandemic started within the United States. The COVID-19 pandemic consequentially altered how pediatric practices engage with patients. While the changes were significant, pediatric practice leaders and owners learned how to optimize the situation. The wearing of masks and practice of social distancing throughout…

7 Reasons Why Pediatric Groups Switch to a Pediatric Specialty Medical Billing Company

Most independent pediatric practices receive the majority of the practice revenue from patients with either commercial or managed Medicaid insurance.  The payments to the practice are based on the fee schedule established between the insurance company and the Pediatric practice.   Due to their depth of training and experiences, pediatricians have strong clinical knowledge, knowledge…