Medical Practice Operations - Business Fundamentals 101 - 8 Module Webinar Series with Book-255193

255193 - Article 10

Pdf Summary

The document outlines the details of Module 8, "Q&A and Follow Up," from a series titled "Business Fundamentals 101: Medical Practice Operations," led by Jeffrey T. Gorke. Gorke, a seasoned healthcare management professional with over 30 years of experience, aims to provide educational insights into medical practice operations. This module serves as a follow-up to previous modules, addressing numerous questions related to medical practice management.<br /><br />Gorke emphasizes the importance of verifying all information due to the rapidly changing nature of healthcare policies, referencing resources like the Centers for Medicare & Medicaid Services (CMS). His educational credentials include an MBA from the University of Richmond and professional affiliations with organizations such as the Healthcare Financial Management Association and the Medical Group Management Association. <br /><br />The Q&A session covered various operational topics in medical practices, including:<br />- The management of claims during peak deductible periods.<br />- The pros and cons of using credit lines for covering operational expenses.<br />- Hiring the right practice manager without billing/PM experience.<br />- Legal and financial obligations around patient billing.<br />- The impact of coding changes and how they affect revenue.<br />- Incentives for staff around collections and performance metrics.<br />- Insurance contract negotiations and benchmarking for days in accounts receivable.<br />- Marketing strategies and patient acquisition costs.<br /><br />The document also emphasizes the need for a robust understanding of medical practice operations and recommends consulting professionals for specific guidance, especially regarding security audits and legal compliance. The session concludes with the option for participants to contact Gorke for more questions and mentions the availability of recorded sessions for on-demand viewing.

Keywords

Medical Practice Operations

Jeffrey T. Gorke

Healthcare Management

Q&A Session

Claims Management

Insurance Contract Negotiations

Patient Billing

Coding Changes

Staff Incentives

Healthcare Policies