Practice Management Alert

Tip: The same audit process and timeline won't work for every office -- identify your practice's needs.If your practice doesn't conduct regular internal audits you're likely losing money and overlooking billing mistakes that could result in a payer audit. Identify areas where your practice's inefficiencies may be delaying payment or allowing for missed charges, while also evaluating your compliance with payer regulation and coding guidelines, by learning how, when, and why to perform internal audits.Ensure Everyone Knows Why an Audit Is ImportantBefore beginning your audits, you need to get your office staff, including the physicians, on board. Without support, you'll struggle to perform the audit and then the results will be fairly meaningless if no one is prepared and willing to act upon them. Once you have the buy-in from the physicians and senior staff, you should then present the internal audit to the other staff. Explain to everyone in [...]