Medical Money Matters with Jill Arena

Send us Fan Mail One of the most effective ways to increase income in a medical practice is to review and renegotiate your contracts with the insurance companies in your market. Many clinics we are called into have not reviewed their contracts for 5, 8, or even 10 years. I’m certain that your expenses have been going up over that time period. If you’re not renegotiating your contracts, you are tac...

Send us Fan Mail First of all, for physicians, improving coding is a must. I can hear your deep sigh… so many coding seminars… so many rules to remember… so much BS! Yes, it is. And, it’s how you get paid. Join me for this episode of Medical Money Matters where we talk about ways to get paid for everything you've done for your patients. We also review how to partner with your coders, how to c...

Send us Fan Mail Medical scribes can have a tremendous positive impact on a clinic's bottom line and on the professional satisfaction of physicians. They can also lower risk for coding audits by improving documentation and assisting busy clinicians in remembering what they did for their patients and why. Join me for an educational conversation with Warren Johnson, CEO of Scribe-X, a national...

Send us Fan Mail Almost every physician I’ve met went into medicine because he or she was called to help their fellow human beings to be healthier and happier and to relieve pain and suffering. This is a noble profession, and you all have my utmost gratitude for the difference you make in this world.   All of those wonderful traits may leave you feeling a little disconnected from the notion of col...

Send us Fan Mail Where did all the money go? Overhead in a medical practice can be one of those things that seems out of control to the owners. You're working really hard, seeing a lot of patients, and it seems like there should be a lot of money coming in. At the end of the month, you may find yourself wondering where it all went. This episode of Medical Money Matters podcast delves into the...

Send us Fan Mail So, each month you attend your board meeting, or you meet with your bookkeeper and somewhere along the line, someone hands you a whole bunch of reports with numbers on them. In our second episode, we started to talk about those in reviewing the Language of Finance. In our third episode, we broke down the Profit & Loss Statement a bit more in reviewing how to create a Budget. ...

Send us Fan Mail In our last episode, we heard from Tiffany Couch, national expert on insider fraud and embezzlers. Now you're focused on what you can do to safeguard your practice.  We learned that physicians are trusting individuals, and since we haven’t given you any business training, you’re also easy targets for embezzlers. In my thirty years in the industry, I’ve seen some embezzlers wh...

Send us Fan Mail 83% of medical practices are embezzled at some point in their history, which is a shocking statistic. Join me as I talk with Tiffany Couch, CPA, CFF, CFE, national expert on embezzlement and insider fraud. She shares her experience and several ways in which physician owners and board members can protect themselves and their practices from theft. We discuss the emotional impact, al...

Send us Fan Mail In our last episode, we walked through how claims get created after you’ve seen a patient. Once the claims are sent to the insurance companies, you’ve now got a bit of a wait until they get paid. It is important to keep track of all of those outstanding monies, and to follow up promptly if there are any issues with getting a claim paid.  When you think about all of this money that...

Send us Fan Mail How do you get paid for what you do, and why is it so complicated? Healthcare more than any other industry has a huge amount of complexity in how its professionals get paid for services they have rendered. Join me for this episode on reimbursement where we break down exactly how you get paid through your insurance contracts, and how your work is valued by payers. Link to CMS site...

Send us Fan Mail In this country, we do a fabulous job of training clinicians to be good doctors - we give you the latest and greatest diagnostics, cutting edge pharmaceuticals and world class technology. And, we completely fail to train you about business. In eight years of formal education, there are no classes on finance, leadership or contract negotiations. Nothing about managing people or lea...

Send us Fan Mail Join our host Jill Arena for the second podcast of her new series, Medical Money Matters.  Jill has a huge passion for seeing medical groups as a thriving part of the healthcare ecosystem, and for completing the education of our physician leaders.   In this second episode, she begins to untangle the complicated terminology of finance, and demystifies many terms. Come along to lear...

Send us Fan Mail Join our host Jill Arena for the third podcast of her new series, Medical Money Matters.  Jill has a huge passion for seeing medical groups as a thriving part of the healthcare ecosystem, and for completing the education of our physician leaders.   So, what’s all this hullabaloo about budgets? And why would you want one? Consider that a budget is like your financial GPS. By utiliz...

Send us Fan Mail Join our host Jill Arena for the fourth podcast of her new series, Medical Money Matters.  Jill has a huge passion for seeing medical groups as a thriving part of the healthcare ecosystem, and for completing the education of our physician leaders.    In this fourth episode, she sits down with national revenue cycle experts, Kem Tolliver and Taya Gordon. Kem and Taya are the author...