Here are some helpful coding tips to guide you through flu season. What’s the flu type? • J09 (Influenza due to identified novel influenza A virus) – this category covers the more exotic flu types, such as avian flu, swine flu or other flu viruses of animal origin. It is very unlikely that you will be able to assign a code from this category due to a lack of testing capability for these specific flu types. • J10 (Influenza due to other identified influenza virus) – this category is where most of your patients will fall. This is the average patient who tests positive for the…

There are three ways to spend your spare (non-working) time. You can do something that: 1. Improves you somehow 2. Leaves you more or less the same 3. Damages or diminishes you in some way Look at almost any activity and you will see what I’m talking about. On your commute to work, for example, you have a fair amount of “free” time. You can spend that time getting aggravated about traffic, laughing at idiotic conversations on talk radio, or listening to an audiotape on some subject you care about—maybe a course on how to speak a foreign language. Getting apoplectic…

As a physician who is also a business owner, I have learned (sometimes the hard way) about “keeping an eye on the ball.” Through almost 8 years as an Medical Practice owner, there have been many successes….and misfires. Along the way, through various courses such as the Success Summit and the MPS Board, I have learned much about day-to-day operations and becoming a better owner. One of the lessons relates to watching certain metrics and defining important factors to watch on a regular basis. Key Performance Indicators are an important part of monitoring any business. KPIs…

Hello everyone! I wanted all Medical Practice Success blog readers to reflect on an article I read recently by the AMA. The article, “What Ails the Medical Profession--and Ways to Heal It,” written by AMA President Steven J. Stack, MD, is a pitch for physicians to enroll in “online modules” as a “medicinal cure for physician burnout.” http://www.ama-assn.org/ama/ama-wire/post/ails-medical-profession-ways-heal Although the author and AMA president receives a lot of heat for his recommendation of online modules to treat the problem, his analysis of the…

Medical practices are service businesses whose long-term viability depends on patient loyalty and word-of-mouth. That’s why, for instance, Medical Practice entrepreneurs spend tens of thousands of dollars in selecting the right locations, equipping them with the latest technology, and then devising creative marketing campaigns to bring new patients through the door. But while these investments all contribute to medical practice success, they’re still minor compared to the one that makes the greatest impression on patients—the front-line staff. The “front-line&rdquo…

Are You Growing? As your business grows, so does the importance of contracting and credentialing. Imagine you are ready to expand to a second location or add a new line of business. You have devoted hours to developing the best business plan, secured the location, recruited providers, ordered equipment, and are ready to launch! But, are you ready to get paid for your services? Will You Be Paid? Are your providers credentialed in the appropriate plans for the new location? Are your contracts with payors reflecting the new location or line of business? Are you compliant with local, state and…

HealthCARE Express invests $30,000+/year on the salary of a community educator in each market. HealthCARE Express firmly believes that the best way to grow our patient volume and our occupational medicine client base is through positive word of mouth and educating the community about what we do. It is why we hire a community educator for each new market, instead of having one centralized person handling media buy for all markets and not being actively involved in our communities. Because over the years we have found that when we have a community educator out working hard every day in the…

My name is Frank McKinney, www.frank-mckinney.com. I’m referred to as a real estate “artist,” creating Florida oceanfront mansions on speculation (built without a buyer) priced in the tens of millions. I’m a 5x best-selling author in four genres. I run ultramarathons of over 100 continuous miles. Through our Caring House Project Foundation (www.chpf.org) I’ve built 22 self-sufficient villages in the poorest country in the world, Haiti. And I have nothing to do with Medical Practice…but I do have something in common with Tim and Pam Reynolds, and likely…

Almost one year ago, I sold my Medical Practice business. The decision to sell your business will likely be a very emotional one because most of us who started our business from the ground up have put our very hearts and souls into them. This will be a brief overview of the process. First, as I said before, do not discount how emotional this will be for you and your family. This is a life-changing process and you will likely go from making all the decisions to making none (or very few of them) overnight. Will you walk away once the deal is complete? Will you stay with the group that acquires…

I will no longer tolerate... This "process" has changed how I show up in this world my friends. About three years ago I was attending/speaking at the Medical Practice Success Summit in Dallas and a friend, mentor, colleague, and fellow speaker - Dr. Tim Reynolds - encouraged the crowd to create an "I will no longer tolerate" list for their business and life. (Download here) I took on that challenge. And the very first thing I wrote down has completely changed my life. #1 Because I wrote it down. #2 Because I have been committed to living up to it. Anyone can think about a commitment. Anyone…