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Related Experiment Videos

Billing basics: a review course.

W C Fiala1

  • 1ProMed Analysis, Inc., 2523 Thurmont Road, Akron, OH 44313-5467, USA. analysis@earthlink.net

Medical Group Management Journal
|May 11, 2001
PubMed
Summary
This summary is machine-generated.

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Practice management should annually review billing and collections to set strategic goals. This guide aids in optimizing financial operations for improved practice performance.

Area of Science:

  • Medical Practice Management
  • Healthcare Financial Operations

Background:

  • Effective practice management requires regular evaluation of financial processes.
  • Billing and collections are critical components of a healthcare organization's revenue cycle.

Purpose of the Study:

  • To provide a framework for practice management review of billing and collections.
  • To serve as a guide for setting annual financial operational goals.

Main Methods:

  • Annual review of billing and collections procedures.
  • Goal setting for financial operations.

Main Results:

  • Identification of areas for improvement in billing and collections.
  • Establishment of measurable financial performance objectives.

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Conclusions:

  • Regular examination of billing and collections is essential for practice success.
  • Proactive goal setting enhances financial health and operational efficiency.