Seeing Medicare Patients as a Cash-Based Practice The essence of a cash-based practice is collecting most, if not all, payments across the front counter vs. waiting for payment from a third-party payer. Many providers find themselves on the wrong side of the rules by creating various permutations of this concept, sometimes without even knowing they…

Not sure if you are or can be cash-based? A clinic’s ability to understand a cash-based practice set up can be hindered when it is clouded by misinformation. This quick tutorial will provide the information you need to clear up any misunderstandings.

Essence of a Cash-Based Practice The essence of a cash-based practice is collecting most, if not all, payments across the counter. An Insurance based practice may collect the patient portion of the service but must wait for payment from a third-party payer. You may have heard of hybrid practices that have a little bit of…

Download Support Tool Sometimes when setting up fields in the practice management software, and/or reviewing payer policies, a provider will come across unfamiliar terms or acronyms. This can hinder the development of an efficient reimbursement system. Download this tool and keep a copy in the clinic’s Insurance Manual. As you work through the different modules,…

Download Support Tool This support tool outlines the different cogwheels that represent processes for reimbursement success. As you work through the modules in this course, we recommend that you reference this image. Take note of areas that may have been overlooked in the clinic. You can also use it as a checklist. Once you have…

Have you ever wondered why some doctors are successful while others work just as hard and are always struggling? At KMC University we used to wonder but as we worked closely with a variety of clinics, we were able to identify areas of weakness and as a result, developed the KMC University Financial System. This…