Blogs

Straight-Through Billing
21Mar

Straight-Through Billing

Medical billing complexity and massive volumes of daily claims render manual claims processes incapable of protecting both the provider and the payer from underpayments, overpayments,…

No-Show Risk Management
21Mar

No-Show Risk Management

When patients miss appointments, they interrupt the flow of patient care, impede clinic productivity, and signal an eroding patient loyalty. The rate of no-shows runs…

Change Healthcare Outage Updates
21Mar

Change Healthcare Outage Updates

Update – May 23, 2024 From Our CEO  Weekly Update: Our electronic claim submission is restored to its full pre-CHC outage capacity.  All claims previously…

AI for outcomes-based compensation in healthcare 
21Mar

AI for outcomes-based compensation in healthcare 

What is outcomes-based compensation in healthcare? Compensation plans in the healthcare industry have undergone a paradigm shift, with more providers moving away from volume-based to…

Credentialing in Medical Billing Systems
02Mar

Credentialing in Medical Billing Systems

Credentialing in medical billing is crucial for ensuring patient safety and maintaining the quality of care provided by healthcare providers. This process involves verifying providers’…

The Network Effect
12Feb

The Network Effect

People handle adversity differently; some break down sooner than others. When a team focused on a common goal faces adverse conditions, dissent among some team…

Are You Someone’s Hero?
07Feb

Are You Someone’s Hero?

In the last chapter we talked about hunger and the drive that must exist between all members of a patient community, including the patients themselves,…

Are You Hungry?
07Feb

Are You Hungry?

Great, now Reuven wants to know if I’m hungry. Don’t worry, we’re not talking about hunger pains or anything like that. I’m talking about drive,…

AI in Medical Billing
06Dec

AI in Medical Billing

AI has revolutionized many different industries, and healthcare is no exception. In recent years, medical billing has benefited greatly from using Artificial Intelligence.   Where…

Claim Denial Management
28Nov

Claim Denial Management

Partial denials cause the average medical practice to lose as much as 11% of its revenue (Capko, 2009).  Payers are known for denying claim payments…

Computer-aided Patient Scheduling
20Nov

Computer-aided Patient Scheduling

Without a computerized scheduler, a practice has less than a 2% chance of earning the title of a “better-performing practice,” according to the Medical Group…

Value Adding for Maximum Profit
05Nov

Value Adding for Maximum Profit

I love this topic because it’s easy to miss the mark, especially since so many consultants and marketing firms misappropriate this term and don’t actually…

Change Management – Switching Your Billing Systems
31Oct

Change Management – Switching Your Billing Systems

Practice owners seeking better solutions often start with a vision of increased practice profitability while treating reasonable patient volumes. Their vision spans multiple aspects, including…

Why ClinicMind?
21Oct

Why ClinicMind?

DO YOU know a practice owner who wants more patients in her clinic, better pay-per-visit, and better collections? We all know healthcare practice owners who…

Factoring
16Oct

Factoring

Introduction Factoring can improve cash flow and operational efficiencies, and it is used in many industries, including the healthcare sector. With this strategy, businesses sell…

Tasks, Checklists, and Problem Management
08Oct

Tasks, Checklists, and Problem Management

This blog chapter discusses the importance of standard operating procedures (SOPs) and checklists in problem resolution within the context of complex billing processes, with a…

Fifteen Criteria for Best SaaS
01Oct

Fifteen Criteria for Best SaaS

The use of Software as a Service (SaaS) in healthcare has transformed medical practice management by offering scalable, cost-effective, and AI-integrated solutions. SaaS shifts system…

Patient Loyalty
26Sep

Patient Loyalty

Patient loyalty is essential for the success of healthcare organizations, both in terms of recurring revenue and new patient acquisition. Factors like patient satisfaction, service…

Has the Provider’s Compensation Kept Up With the Economy or Healthcare Costs?
27Jun

Has the Provider’s Compensation Kept Up With the Economy or Healthcare Costs?

The U.S. faces escalating healthcare spending, with 2021 per capita costs reaching $12,318. Compared to advanced economies, the U.S. spent double the amount on healthcare.…

FinTech Platforms to Manage Healthcare Networks Acquisition Risks
14Jun

FinTech Platforms to Manage Healthcare Networks Acquisition Risks

Mergers and acquisitions benefit healthcare by expanding services and improving patient care. However, they entail complexities, expenses, and risks. Research reveals reduced operating expenses and…

ClinicMind External NewsLetter vol 3
31May

ClinicMind External NewsLetter vol 3

ClinicMind introduces Live Chat for real-time client support, enhancing convenience and issue resolution. New features like Incoming Fax Queue, Roster Check-in, and image chart components…

Why Private Practices Need Insurance Denial and Appeals Management 
27Apr

Why Private Practices Need Insurance Denial and Appeals Management 

Effective denial and appeal management is essential for private practices, with studies showing that up to 90% of insurance denials are preventable. Common reasons for…

Navigating Insurance Audits and Compliance 
27Apr

Navigating Insurance Audits and Compliance 

Health insurance audits can be daunting for private practices. Auditors aim to ensure correct billing and proper claims handling. Audits can be routine or event-triggered,…

Using Analytics to Optimize Insurance Management 
27Apr

Using Analytics to Optimize Insurance Management 

Analytics play a crucial role in optimizing insurance management for private practices and healthcare providers. Monitoring approvals, denials, and appeals provides valuable insights. Identifying the…

Insurance Industry Trends and Changes: Keeping Your Practice Up to Date
27Apr

Insurance Industry Trends and Changes: Keeping Your Practice Up to Date

The health insurance landscape is continually evolving, posing challenges for healthcare providers. To stay updated, practitioners should read industry news and share vital updates within…

Creating a Fee Schedule for Your Private Practice
27Apr

Creating a Fee Schedule for Your Private Practice

Creating a profitable and fair fee schedule is crucial for private practices. It should cover true service costs, not just insurance reimbursement. Align your rates…

Coding and Billing Best Practices
27Apr

Coding and Billing Best Practices

Medical coding and billing are essential for efficient revenue cycle management (RCM). Attention to reimbursements and accounts receivables (AR) is vital, as insurance companies often…

ClinicMind External NewsLetter
24Apr

ClinicMind External NewsLetter

ClinicMind has acquired Affinity Billing to expand its revenue cycle management (RCM) services. Monthly updates include scheduler customization, waiting list management, and mobile EHR enhancements.…

Maximize Private Practice Revenues with Billing Efficiency
14Mar

Maximize Private Practice Revenues with Billing Efficiency

Maximizing private practice revenues hinges on effective billing practices, automation, and clear collections procedures. Verify patient eligibility, streamline payment processes, and focus on key performance…

Positive Reputation Management Strategies for Private Practice Success
14Mar

Positive Reputation Management Strategies for Private Practice Success

Private practice reputation management is crucial in today's digital age. A proactive approach is recommended, as being reactive may lead to reputation damage. Encourage patient…

How to Structure Your Private Practice for Maximum Efficiency
14Mar

How to Structure Your Private Practice for Maximum Efficiency

Efficiency is key in structuring a successful private practice. Enabling patients to manage their care through tools and technology streamlines operations. Automation can handle scheduling,…

How to Create a Successful Private Practice Business Plan
14Mar

How to Create a Successful Private Practice Business Plan

Establishing a successful private practice requires careful planning. Physicians should be prepared to balance both business and patient care aspects. Assess your capabilities, challenges, opportunities,…

Best Practices for Developing a Strong Referral Network in Private Practice
14Mar

Best Practices for Developing a Strong Referral Network in Private Practice

Building a strong referral network is vital for private practice success. Referral marketing and patient reviews play a significant role. Implement a well-structured referral program,…

Mobile Apps for Private Practice: Tips and Tricks for Success
27Feb

Mobile Apps for Private Practice: Tips and Tricks for Success

The rise of mobile apps in healthcare is transforming private practice management and patient engagement. These apps enhance patient records management, scheduling, billing, and more,…

How to Keep Patients Engaged in Their Healthcare
13Feb

How to Keep Patients Engaged in Their Healthcare

Effective patient engagement in private practice is vital for improving healthcare outcomes. The challenges include patient passivity and the disconnect created by telehealth. Providers should…

How to Get Credentialed for Insurance
13Feb

How to Get Credentialed for Insurance

Credentialing for insurance coverage is a vital step when establishing a private practice. The process involves application, information verification, and contract negotiation with insurance providers.…

How to Focus More on Patient Care
13Feb

How to Focus More on Patient Care

In private practice, focusing on patient care amidst administrative tasks is a challenge. To provide a more patient-focused service, doctors can utilize technology and automation.…

Content Strategy Tips for Private Practice Chiropractors
13Feb

Content Strategy Tips for Private Practice Chiropractors

A solid content strategy is crucial for private practice chiropractors. Planning an effective strategy involves deciding on the types of content to create, including blogs,…

Blogging for Private Practice: Must-Know Tips and Tricks
13Feb

Blogging for Private Practice: Must-Know Tips and Tricks

Blogging is an essential part of content marketing for private practice owners like chiropractors. Planning an effective strategy is crucial, and considering whether to hire…

Monthly New Features Highlights – January 2023
06Feb

Monthly New Features Highlights – January 2023

Production servers now offer several new features. The Patient Messages Mailbox enhances patient communication and experiences. Automatic Document Publishing allows documents to be shared on…

Taking Your Private Practice to the Next Level with a Website
16Jan

Taking Your Private Practice to the Next Level with a Website

Creating a website for your private practice is crucial. To make it an effective marketing tool, ensure you have essential pages like the homepage, about,…

Promoting Your Private Practice with Social Media
16Jan

Promoting Your Private Practice with Social Media

Social media offers a valuable platform for healthcare practitioners to cultivate relationships, showcase values, and validate expertise. It can serve as an excellent recruitment tool…

Navigating Self-Employment Taxes and Other Tax Issues for Private Practices
13Jan

Navigating Self-Employment Taxes and Other Tax Issues for Private Practices

Understanding the tax implications of running a private practice is crucial for managing your finances effectively. Self-employment tax, payroll tax, and corporate tax are key…

Public Relations for Private Practices
13Jan

Public Relations for Private Practices

More than ever before, consumers are paying close attention to how businesses operate. This means every interaction counts, with both staff and patients, to showcase…

Choosing the Right Corporate Structure: S Corp or C Corp?
13Jan

Choosing the Right Corporate Structure: S Corp or C Corp?

Choosing the right legal and tax structure for your private practice is crucial. You can opt for an LLC, a regular corporation (Inc), an S-Corp,…

Google for Business for Private Practices
13Jan

Google for Business for Private Practices

Leveraging Google for your private practice goes beyond paid ads. Focus on Google My Business for free profile management and customer engagement. Utilize Google Analytics…

Monthly New Features Highlights – December 2022
20Dec

Monthly New Features Highlights – December 2022

New features and optimizations have been rolled out on production servers. These include a Patient Responsibility Estimator for viewing patient costs, an update to the…

Does My Private Practice Need a Website
12Dec

Does My Private Practice Need a Website

A website is a valuable asset for your private practice. It helps attract the right clients, build credibility, enhance the patient experience, and strengthen relationships.…

Battling Insurance Claim Turbulence
12Dec

Battling Insurance Claim Turbulence

The insurance industry relies on shared risk and managing the financial float is crucial for profitability. Insurance companies invest premiums to maximize returns while maintaining…

Questions to Ask Before Switching EHRs Part-2
12Dec

Questions to Ask Before Switching EHRs Part-2

Switching to a new Electronic Health Record (EHR) system is a significant decision for healthcare practices. Before making the switch, consider questions such as change…

Facing Insurance Claim Adversity
12Dec

Facing Insurance Claim Adversity

Payor-provider adversity in the healthcare industry results from opposing interests between insurance payors (companies) and healthcare providers (clinics). Payors aim to minimize claims payouts and…

These are the questions you should ask before switching EHRs
02Nov

These are the questions you should ask before switching EHRs

An Electronic Health Record (EHR) is a digital system designed to store and manage patients' health information. EHRs facilitate physician documentation, provide secure storage of…

Switching EHRs: The Need for Change and the Challenges it Brings
02Nov

Switching EHRs: The Need for Change and the Challenges it Brings

The text discusses the challenges and benefits of transitioning to a new Electronic Health Record (EHR) system. It highlights that many existing EHRs may no…

Finding Solutions to Insurance Claim Problems
02Nov

Finding Solutions to Insurance Claim Problems

Payor adversity in healthcare refers to payment disputes, delays, and billing challenges with various payors, impacting providers' revenue and workflow. Electronic Health Records (EHR) and…

This is what you need to know about getting insurance claims paid
31Oct

This is what you need to know about getting insurance claims paid

Financial float in insurance refers to funds retained by insurance companies through the difference between collected premiums and paid claims. Insurers invest this surplus to…

What the CURES Act Means for EHI and Information Sharing
31Oct

What the CURES Act Means for EHI and Information Sharing

The CURES Act, enacted in 2016, focuses on streamlining healthcare information sharing, improving mental health services, addressing the opioid crisis, and enhancing privacy protections. It…

The New 988 Mental Health Crisis Line
31Oct

The New 988 Mental Health Crisis Line

The 988 Crisis Lifeline, launched on July 1, 2022, is a suicide prevention network connecting over 200 crisis call centers across the U.S. It provides…

Marketing your private practice makes smart business sense
30Sep

Marketing your private practice makes smart business sense

Marketing is crucial for private practices to attract new clients and grow. It involves promoting the practice and its services to the public and potential…

What are insurance panels?
22Aug

What are insurance panels?

Credentialing, or getting on an insurance panel, is crucial for healthcare providers. It boosts reputation, expands the client base, and facilitates referrals. Steps include researching…

Should I go into private practice?
22Aug

Should I go into private practice?

Starting a private medical practice is a significant decision. It offers more control but requires balancing business and patient care. Your salary structure changes, and…

Internal Vs External Billing
22Aug

Internal Vs External Billing

Medical professionals must handle billing efficiently. While in-house billing may seem ideal, it comes with numerous challenges. Training, salary, compliance, and accountability issues can affect…

What to Consider When Setting Your Therapy Rates
11Aug

What to Consider When Setting Your Therapy Rates

Setting therapy rates in private practice involves balancing overhead, personal income, and future goals. Avoid mirroring competitors' rates and relying solely on insurance reimbursement. Gradually…

Attracting New Chiropractic Patients 101: Part 1 Social Media
19May

Attracting New Chiropractic Patients 101: Part 1 Social Media

This series delves into using social media for chiropractic practices. Begin by identifying your target audience and selecting the right platform. TikTok, Instagram, Facebook, and…

How You Can Avoid Common Costly Mental Health Billing Errors
04May

How You Can Avoid Common Costly Mental Health Billing Errors

Mental health practitioners often grapple with common billing issues. Insurers might deny claims due to perceived duplicates. DSM-5 and ICD-10 code disparities can complicate billing.…