Business Intelligence

PracticeMax Named one of 10 Most Promising Revenue Cycle Management Solution Providers

Accountable Care Organizations (ACOs), Anesthesiology, Assisted Living, Billing, Business Intelligence, Coding, Company Buzz, Compliance, Contracting, Electronic Health Records (EHRs), Emergency Medicine, General, Hospital Based Practices, Hospitalists, ICD-10, Integrated Delivery Networks (IDNs), Key Performance Indicator (KPI), Marketing, Medical Homes, MU/EHR Optimization, Office Based Practices, Patient Engagement, Practice Management, Primary Care, Radiology, Regional Extension Centers (RECs), Satisfaction Research, School Districts, Surgery, Uncategorized, Urgent Care /

PracticeMax was recently named one of the 10 Most Promising Revenue Cycle Management Solution Providers by Healthcare Tech Outlook magazine. A panel of CEOs, CIOs, CMOs, VCs and editorial board helped the magazine recognize 10 revenue cycle management vendors that “showcase extensive business knowledge and innovative strategies combined with talent based across locations.”   PracticeMax […]

PracticeMax Named one of 10 Most Promising Revenue Cycle Management Solution Providers Read More »

Shocking Ways MaxMobile makes Coding Easier

Accountable Care Organizations (ACOs), Anesthesiology, Assisted Living, Billing, Business Intelligence, Coding, Company Buzz, General, Hospital Based Practices, Hospitalists, ICD-10, Independent Living, Medical Homes, Office Based Practices, Practice Management, Primary Care, Radiology, Regional Extension Centers (RECs), School Districts, Senior Living, Skilled Nursing, Surgery, Urgent Care /

As the healthcare industry implements ICD-10 this month it is important to realize the practical effect such a change will have on operations. One of the often overlooked effects of changing to ICD-10 is that superbills will drastically increase in length. Depending on the specialty, they may be up to fifteen pages long due to

Shocking Ways MaxMobile makes Coding Easier Read More »

ICD-10 deadline is today!

Accountable Care Organizations (ACOs), Anesthesiology, Billing, Business Intelligence, Coding, Company Buzz, Compliance, Contracting, Electronic Health Records (EHRs), Emergency Medicine, General, Hospital Based Practices, Hospitalists, ICD-10, Integrated Delivery Networks (IDNs), MU/EHR Optimization, Office Based Practices, Practice Management, Primary Care, Radiology, Surgery, Uncategorized, Urgent Care /

Further more information, visit https://practicemax.com/

ICD-10 deadline is today! Read More »

ICD-10 General FAQs

Anesthesiology, Billing, Business Intelligence, Coding, Company Buzz, Electronic Health Records (EHRs), Emergency Medicine, Hospital Based Practices, Hospitalists, ICD-10, Office Based Practices, Patient Engagement, Primary Care, Radiology, Surgery /

General FAQs Q: Why are we moving to ICD-10? ICD-10 is a more advanced and robust coding set than ICD-9. This allows for complex and detailed reporting that better meets the needs of the health care industry today. The move to ICD-10 will increase the level of specificity available for research, public health, and other

ICD-10 General FAQs Read More »

Key Performance Indicator: Collection Percentage

Anesthesiology, Billing, Business Intelligence, Emergency Medicine, General, Hospital Based Practices, Hospitalists, Key Performance Indicator (KPI), Office Based Practices, Practice Management, Primary Care, Radiology, Urgent Care /

Perhaps one of the most overused yet least significant KPIs, Collection Percentage measures what percent of accounts are being collected for a medical practice. Consider Practice A that collects 95% of a $50 charge ($47.50), and Practice B that collects 80% of a $75 charge ($60.00) for the same level of service. Would you rather

Key Performance Indicator: Collection Percentage Read More »

Electronic Charge Documentation for ICD-10

Accountable Care Organizations (ACOs), Anesthesiology, Billing, Business Intelligence, Coding, Electronic Health Records (EHRs), Emergency Medicine, General, Hospital Based Practices, Hospitalists, MU/EHR Optimization, Office Based Practices, Practice Management, Primary Care, Radiology, Regional Extension Centers (RECs), Surgery, Urgent Care /

To accommodate the increased specificity and number of codes in ICD-10, superbills may become up to fifteen pages in length depending on the specialty. For this reason, paper superbills may become obsolete and providers will need a new tool like MaxMobile that provides point of care capabilities and synchronization. PracticeMax‘s Maxmobile is a web based

Electronic Charge Documentation for ICD-10 Read More »

Key Performance Indicator: Accounts Receivable (AR) Aging

Anesthesiology, Billing, Business Intelligence, Emergency Medicine, General, Hospital Based Practices, Hospitalists, Key Performance Indicator (KPI), Office Based Practices, Practice Management, Primary Care, Radiology, Surgery, Uncategorized, Urgent Care /

To classify AR by its age, you must measure the time since a particular service was billed. Payments due for services in the past thirty days are placed in the 0-30 day bucket, those billed between thirty one and sixty days are placed in 31-60 day buckets, etc. While monitoring your AR aging is important,

Key Performance Indicator: Accounts Receivable (AR) Aging Read More »

Key Performance Indicator: Days to Bill

Anesthesiology, Billing, Business Intelligence, Emergency Medicine, General, Hospital Based Practices, Hospitalists, Key Performance Indicator (KPI), Office Based Practices, Practice Management, Primary Care, Radiology, Surgery, Urgent Care /

This key performance indicator (KPI) measures how long it takes a bill to leave the facility and go to the insurer after the date of service. While timely submission is important, some providers may get worried when this KPI reached more than six or seven days and encourage their staff to “hurry up” and get

Key Performance Indicator: Days to Bill Read More »

Key Performance Indicator: Revenue per Unit

Anesthesiology, Billing, Business Intelligence, Emergency Medicine, General, Hospital Based Practices, Hospitalists, Key Performance Indicator (KPI), Office Based Practices, Practice Management, Primary Care, Radiology, Surgery, Urgent Care /

Key performance indicators (KPIs) can help medical practices and organizations track their revenue goals more effectively. The most important KPI is Revenue per Unit where unit may stand for claim, case, procedure, visit, patient encounter etc. Individual practices may determine what the appropriate unit of measure is for their group and it will vary based

Key Performance Indicator: Revenue per Unit Read More »

ICD-10 Basics: Who Needs to Transition?

Anesthesiology, Billing, Business Intelligence, Coding, Compliance, Electronic Health Records (EHRs), Emergency Medicine, General, Hospital Based Practices, Hospitalists, Office Based Practices, Practice Management, Primary Care, Radiology, Surgery, Urgent Care /

The transition to ICD-10 affects coding for everyone covered by the Health Insurance Portability and accountability Act (HIPAA): Health care providers Payers Clearninghouses Billing services Discover more about ICD-10 here: https://practicemax.com/icd-10-code-look-up-resources/

ICD-10 Basics: Who Needs to Transition? Read More »

Scroll to Top