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Get The Skinny: 6 Healthcare Financial KPIs You Need for 2016

If you’re like the majority of health providers and practice managers, you’re busy enough with day-to-day operations. It’s easy to let monitoring of financial performance slip through the cracks, but keeping track is essential to the success of your organization. In fact, one of the large reasons practices lose money is because they fail to consistently track Key Performance Indicators to assess financial health. KPIs serve a number of purposes…
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Are You Safe? 5 Steps To Prevent Medical Practice Fraud

If you think that your organization is immune to threats like fraud and embezzlement, you need to catch up with the 21st century. Your practice isn’t as safe as you think, and there are numbers to prove it. According to the Medical Group Management Association, three out of four physicians will suffer some financial loss from employee dishonesty over the lifetime of their practice. Not enough evidence for you? The…
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Surviving PQRS 2016 Radiologist Edition

Summer 2016 is here, and many providers are preparing for their Physician Quality Reporting System (PQRS) participation. With penalties associated with PQRS and the Value Based Modifier program (VM) standing between 2-6% of Medicare payments, and administrative requirements on the rise, there’s a heightened concern associated with deadline readiness (The first deadline being 2/24/17 for claims-based reporting). However, there are several changes and additions specific to the radiology field that…
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The Key to Long-Term B2B Relationships

"User Experience" - Yeah, it's one of those buzz terms all marketers have heard at some point or another, but do you realize how important it is to understand? In today's business world, many B2B companies are following in the footsteps of B2Cs that are essentially "getting in bed" (for lack of better terms) with their customers. Sounds a little weird, right? But it's absolutely necessary. When you get to…
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5 Tips for Conference Prospecting

5 Tips for Conference Prospecting Imagine is currently used to bill over 26 different specialties and as a result, we can be found at over 15 conferences each calendar year. I have had the pleasure of attending mainly Radiology, Pathology, Emergency Medicine and Billing Company centric conferences throughout the years; here are some my tips for making the most out of conference prospecting. 1. Know Yourself. That is to say,…
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Data Security for your Medical Practice

My Password is Password! In today’s age of “Cybersecurity”, “Cyber-Attacks”, and “Cyber insert any word here”, many companies find themselves struggling to keep up with the cutting edge techniques used to breach safeguards.  Malware, spyware, adware, rootkits, and the list goes on and on.  Your IT staff has been tasked ith the impossible task of staying ahead of the “bad guys” by preventing attacks from every angle.  Countless hours researching techniques and…
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Avoiding Costly Payment Processing Mistakes

Everyone makes them. We're only human. But learning from our mistakes, and the mistakes of others, is what makes us successful. It is the same with accepting and processing card payments. Learning to avoid common mistakes can add up to big savings. Here are a few of the most common mistakes medical practices and other businesses make, and how to avoid them: Not asking your processor to help you find…
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8757 Red Oak Blvd.
Charlotte, NC 28217
Tel: 704.553.1004
Fax: 704.553.1006
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