Healthcare Trend Alert: PRP Therapy

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By: Bruce Bertman, Guest Contributor

In a time of diminished reimbursement and intense challenge in providing quality medical care when patient volume is maximized: adding a low risk, cash component to your practice may be just what the doctor ordered.  Success in recent clinical trials and strong celebrity endorsement and visibility has stimulated interest and demand for PRP (Platelet Rich Plasma) therapy in an array of treatment applications. Recent Google statistics show that “PRP Therapy” was searched for 62,050 times per month locally over the past 30 days alone!Continue reading

Best Practices in Back Ops: Financials – What and How Often?

By: Kavita Sahai, Guest Contributor

financialNo way to Manage what you do not Measure

Medical practice performance is directly represented in the numbers it produces. If they are meeting industry standard benchmarks, then things are going well and if not, you know there is a problem. You cannot grow your practice or increase profitability if you do not know where you are coming from.

What to look at Every Two Weeks: Bills & Cash

The first step is to understand your weekly burn rate, the amount of money you usually spend to cover payroll and other bills. Then you should monitor your cash balances every two weeks to ensure you do not have any cash crunch situations.

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Kill H.R. 2914

Background

H.R. 2914 is a bill filed by Congresswoman Speier that is intended (among other things) to prohibit medical practices providing the following sorts of medical services (“Non-ancillary Services”) to their own patients—

*The technical or professional component of (i) surgical pathology, (ii) cytopathology, (iii) hematology, (iv) blood banking, or (v) pathology consultation and clinical lab interpretation services

*Radiation therapy services and supplies

*Advanced diagnostic imaging studies (which include for instance MR and CT)

*Physical therapy services

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