What Is A Commercial Condo?
A commercial condo allows medical professionals to buy a fixed amount of office space in an industrial or sometimes residential condominium building. Commercial condos offer the benefits of ownership for smaller practices that aren’t yet ready to obtain an entire commercial building or to rent larger office space. While the commercial condo owner is somewhat […]
Determining Location Options
Choosing the perfect location for your medical practice is key to setting up your business for success. But the location you choose should never be determined by geography alone. You should also consider the following questions when determining location options for your new practice: 1. What type of practice are you opening? Whether private or […]
The Medical Coding Company That Could
Choosing an experienced medical coding company is one of the most important decisions you can make for your medical practice. A good medical coding company will prevent delays, mistakes, and rejected claims in your medical billing. When choosing a medical coding company, it’s important to find an experienced company that focuses solely on medical coding. […]
What is an NPI, difference NPI 1 VS 2?
Established in May of 2007 the NPI Registry is an administrative simplification mandate of HIPAA. An NPI 1 (National Provider Identifier) is the number issued to a practitioner by NPPES NPI Registry. It is the unique number that identifies you the medical provider in a standard way and will be used in the course of […]
Purchasing a Commercial Condo
Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]
What is Fraud Investigation?
Fraud investigation occurs when a state or Federal agency suspects a medical practice of making fraudulent mistakes in their Medicare and Medicaid billing. A fraud investigator can be hired by a private company, the FBI, or the IRS to investigate possible fraud in your practice. Fraudulent claims and patterns of erroneous medical coding are likely […]
The Mystery Of Medical Coding
Medical coding is the first step in the medical billing process. When a patient receives treatment in a doctor’s office, the proper medical codes must be assigned in order to bill the patient or the insurance company. But which medical codes should be assigned in any given case? That’s where your medical coder comes in. […]
What Is Practice Succession Planning?
Practice succession planning is needed whenever a physician, whether it’s you, a partner, or a colleague, decides to leave your medical practice.
Overhead Business Expenses
If you are in solo practice, this type of insurance is especially important to have. If you were injured or became ill tomorrow,