Ep. 486 Winning the Revenue Cycle Game with Teri Yates

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