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5 Vital Signs for Your Practice's Health Print E-mail
Written by M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC   
Friday, 31 August 2012 07:37

The phrase 'vital signs' makes most people think of patients, but did you know that your medical practice also has vital signs? And just like in the human body, these business vital signs are just as crucial to your existence. 

Here are the top five vital signs every practice should track every month:
  1. Collections: Keeping track of collections on a monthly basis can help you spot any trends as they begin to emerge. Healthcare experts maintain that revenue rarely fluctuates more than 10% so anything above that merits scrutiny.
  2. Labor Costs: These too don't vary unless you've had an unusual event that necessitated overtime or use of a staffing service. Monthly monitoring of the aggregate amount spent gives a quick reality check when one day of staff overtime starts to become a habit.
  3. New patients: Sometimes we get caught up in the day-to-day work and fail to notice any dramatic changes in the number of new patients. If they decline precipitously, you might want to look over your operations and assess any new competitors.
  4. Top 5 CPT Codes: Most healthy practices have a mix of E/M and procedure codes. However, too many Level V visits, for example, could prompt payor attention and claims review, and reveal the need for external audit and provider education.
  5. Top 5 Referral Sources: Knowing who refers you the most patients is helpful in cultivating strong collegial relationships and to express appreciation. Any significant changes in this area may clue you into environmental issues you may have ignored.
About the authors: M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC are principals at Coleman Consulting Group. The firm's services include:

· Risk Adjusted Reimbursement (MRA)
· Coding & Billing
· ICD-10-CM Consulting & Training
· EMR/Meaningful Use Attestation
· Credentialing & Contracting

For additional information about the firm or to request a complimentary no-obligation consultation, please call 954.578.3331 or email info@askccg.com.  

Last Updated on Monday, 10 September 2012 07:10
 
List of Largest South Florida Medical Practice Groups Released Print E-mail
Written by Jeffrey Herschler   
Thursday, 30 August 2012 00:00

According to SFBJ, the Top 5 Physician Practice Groups in South Florida (ranked by number of physicians) are:

5. Pediatric Associates (130)

4. Holy Cross Medical Group (155)

3. ApolloMD (643)

2. Mount Sinai Medical Center (657)

1. UHealth (1200)

To read the complete article, click HERE.

Last Updated on Monday, 01 September 2014 11:17
 
Job Descriptions and Performance Appraisals - Who Needs 'Em?! (Part IV) Print E-mail
Written by M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC   
Sunday, 12 August 2012 00:00

This is Part IV of our four-part series on job descriptions and performance evaluations, two tools that are underestimated in the operation of any department or business. Last week, we discussed that the two are inter-related. We suggested using the essential functions from the job description to create the performance eval document, and assign a rating scale to each task. Today, we will wrap up our conversation and show you an example of a performance evaluation.

Click HERE to read the entire Blog post.

About the authors: M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC are principals at Coleman Consulting Group. The firm's services include:

· Risk Adjusted Reimbursement (MRA) 
· Coding & Billing 
· ICD-10-CM Consulting & Training 
· EMR/Meaningful Use Attestation 
· Credentialing & Contracting

For additional information about the firm or to request a complimentary no-obligation consultation, please call 954.578.3331 or email info@askccg.com.

Last Updated on Friday, 31 August 2012 08:02
 
Job Descriptions and Performance Appraisals - Who Needs 'Em?! (Part III) Print E-mail
Written by M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC   
Sunday, 05 August 2012 00:00

Last week, we discussed the need for job descriptions for each position in your company. Smart managers quickly realize that the formality of a job description is paramount to the employee's understanding of where the job fits in the organization's structure and the major elements of the position. As we discussed, job descriptions needn't be too fancy; as long as you summarize the essential functions and requirements, you're light years ahead of your peers. In part III of this four-part series, we'll consider performance.

If job descriptions are a figment of the imagination in small companies, performance appraisals are virtually non-existent. The two are very related as we will see in today's discussion. Who hates performance evaluations? Raise your hands..... We can see you!!!  But let me ask you a few questions:

Click HERE to read the entire Blog post.

About the authors: M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC are principals at Coleman Consulting Group. The firm's services include:

· Risk Adjusted Reimbursement (MRA) 
· Coding & Billing 
· ICD-10-CM Consulting & Training 
· EMR/Meaningful Use Attestation 
· Credentialing & Contracting

For additional information about the firm or to request a complimentary no-obligation consultation, please call 954.578.3331 or email info@askccg.com

Last Updated on Monday, 13 August 2012 07:19
 
Job Descriptions and Performance Appraisals - Who Needs 'Em?! (Part II) Print E-mail
Written by M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC   
Sunday, 29 July 2012 00:00

This is part II of our four-part series on job descriptions and performance appraisals. Monday, we discussed the importance of job descriptions and how to craft them. Our discussion left off after an in-depth look at the essential functions or tasks for the position. Today, we'll look at the other requirements.

Work environment is key to conveying the conditions under which the employee will perform the work. For example, the phrase "demanding and fast-paced environment" gives the employee a good idea of what to expect. Clarifying physical demands is also paramount to preparing the candidate for the position. If an essential function of the position entails lifting large boxes, specify the weight.

Click HERE to read the entire Blog post.

About the authors: M. Alexandra Johnson, FACHE and Wilma N. Torres, CPC are principals at Coleman Consulting Group. The firm's services include:

· Risk Adjusted Reimbursement (MRA) 
· Coding & Billing 
· ICD-10-CM Consulting & Training 
· EMR/Meaningful Use Attestation 
· Credentialing & Contracting

For additional information about the firm or to request a complimentary no-obligation consultation, please call 954.578.3331 or email info@askccg.com
 
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