The Healthy Practice: Eight Tips to Maintain a Health Practice in a Challenging Environment  

Category: Practice Management

By Valora Gurganious

Conventional wisdom suggests that healthcare is "recession-proof," yet medical practices are as susceptible to economic cycles as other small businesses.  There are ways, however, to maintain the health of your practice in light of declining revenues, growing accounts receivable, and tighter cash flows within the practice.

The following eight tips may help you improve the health of your bottom line by increasing revenue and reducing costs in today's challenging healthcare environment.

Exercise Healthy Coding Practices
Compliance is a very strong force in the healthcare industry today. Upon evaluation of medical records, it is common to find that many providers are under-coding for their services.

Whether under-coding is due to fear of an audit or lack of education, a coding and billing evaluation should be performed at...