The COVID-19 Pandemic caught the entire nation by surprise in March. On March 13th, President Trump declared a state of emergency and by March 16th every state declared a state of emergency. The Pandemic and the state of emergency caused shutting down activities, schools, work, stores, offices and travel. Initially, many individuals hoped the…
Since Mid-March, many parents were home watching the news that runs constantly and seeing images of NYC Hospitals as well as the daily updates from the White House team on the pandemic. The environment of children and adults being at home reduces contact for COVID-19 as well as other diseases/conditions that result in patients going…
Visits in pediatric practices were as expected through the week ending Saturday, March 14th, 2020. Starting Monday, March 16th, the impact of businesses and school closures as well as the awareness of COVID-19 pandemic had a significant impact on the engagement of patients with pediatric practices. The COVID-19 Pandemic is an event that pediatric practices…
Ken Dominy Independent pediatricians that are practice owners have many roles. While a practice owner might have the skills to do all the roles in their practice, many of the roles are lower revenue roles, some that distract the practice owner from growing the practice. A Key Performance Indicator for pediatric groups is the number…
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…
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