While most doctors worked hard to study and master the intricacies of their particular specialty, their medical school education probably had little, if any, advice on how to run their practice efficiently. Besides making diagnoses and treating ailments, doctors are also in business for themselves, subject to the same concerns and responsibilities as other small business owners. Perhaps the most critical challenge for ensuring a healthy income stream involves the proper coding and billing of medical services to comply with insurance carriers and government regulations. We consulted with healthcare experts to gather some useful tips on how medical practices can collect their fees more promptly.
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