Is your practice profitable? The success of a private medical practice often hinges on effective revenue cycle management (RCM). In this episode of the BackTable Podcast, private practice consultant Teri Yates and host Dr. Ally Baheti share best practices in revenue cycle management for physicians. Teri Yates is the CEO of Accountable Physician Advisors and President of DocCentric.
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This podcast is supported by:S
Accountable Physician Advisors
http://www.accountablephysicianadvisors.com/
Reflow Medical
https://www.reflowmedical.com/
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SYNPOSIS
Teri explains the importance of understanding payer rules, the benefits of using professional coders, and managing front desk staff efficiently. The episode includes real-world examples of RCM challenges and solutions, the impact of insurance policies, and the role of cybersecurity. Teri also provides actionable tips for improving collections and navigating recent changes in healthcare reimbursement, especially for outpatient-based labs (OBLs) and ambulatory surgery centers (ASCs).
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TIMESTAMPS
00:00 - Introduction
09:17 - Revenue Cycle Management: Case Scenarios
19:55 - In-House vs. Outsourced Billing
31:51 - Winning Strategies for Physicians
40:55 - Healthcare Cybersecurity
43:52 - Proposed Reimbursement Changes for 2025
48:32 - Telehealth and Legislative Concerns
55:25 - Conclusion
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RESOURCES
BackTable VI Podcast - Episode #366 Navigating OBL & ASC Business, Pitfalls to Avoid with Teri Yates:
https://www.backtable.com/shows/vi/podcasts/366/navigating-obl-asc-business-pitfalls-to-avoid
BackTable VI Podcast - Episode #431 OBL or ASC for Your Private Practice? How to Decide with Teri Yates:
https://www.backtable.com/shows/vi/podcasts/431/obl-or-asc-for-your-private-practice-how-to-decide
Accountable Physician Advisors:
http://www.accountablephysicianadvisors.com/services
DocCentric:
https://doccentricasc.com/
G2211 Add-on Code: What It Is and When To Use It:
https://www.aafp.org/family-physician/practice-and-career/getting-paid/coding/evaluation-management/G2211-what-it-is-and-how-to-use-it.html
