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Physician Practice Perspectives
04/01/2004

Your practice is a business. To attract new patients and increase revenue, market it like one. Although your approach may differ from other businesses, your goal is the same: Target the appropriate audience with succinct, clear messages using minimal resources. You may be surprised at what printing an ad in the local paper or giving a talk on a health problem can do for your bottom line.

04/01/2004

Patients experience all types of headaches, and your practice could be losing money if you simply bill the common headache diagnosis code every time. Ask your physicians to document as much detail as possible, and train your coders to look for particulars in the documentation so your practice receives the money it deserves

04/01/2004

Medicare spending on care-plan oversight services nearly tripled in one year, increasing from $15 million in 2000 to $41 million in 2001, raising warning flags for the Office of the Inspector General (OIG) and sealing its inclusion in the 2004 Work Plan.

04/01/2004

The respondeat superior doctrine says an employer can be held responsible for the actions of an employee, even when the employer is without fault. If the employee acts on behalf of the employer and the employer can exercise control over the physical actions of the employee, the doctrine of respondeat superior can come into play.

04/01/2004

The 2003 Tax Act, which benefits individual equities and some mutual funds, is prompting advisors to reevaluate the use of tax-deferred accounts such as pension plans, individual retirement arrangements, and 401Ks. The new law knocked the tax rate for capital gains from 20% down to 15%, and sliced the rate for most dividends from 33% to 15%.

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