Practice Management Alert

Check your answers from last month's collections quiz. You know that solid collections knowledge is the key to bringing in patient co-pays, deductibles, and balances, as well as payer reimbursement. Are you wondering where you should focus your time and energy? Check your answers to the collections quiz that appeared in the last issue, and determine whether you're on the right track or if you should work on your collections know-how. Answer 1: D. All three of the options given are appropriate ways to ensure your practice gets paid if your physicians are seeing patients with insurance you do not par with. You can bill the patient at the time of service, collect from the patient once he gets reimbursement from the insurance company, or submit the claims to the payer accepting assignment if the patient agreed to allow you to accept assignment, even though you do not participate with [...]