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Michael S Fink's Articles in Health

  • Revenue Cycle Management: Taking Back Your Medical Practice is Possible
    Revenue Cycle Management has improved standard billing and collections' practices just as surely as smart phones have eclipsed the phone booth in communications capabilities. Revenue Cycle Management companies can benefit from thousands of "paid" claims for specific services and submit a provider's claims correctly the first time, resulting in a rapid reimbursement over 90% of the time.
  • The Affordable Care Act Effect: How the Affordable Care Act Affects Medical Practices.
    The practice of medicine is highly revered in the U.S., and yet no other industry or career path has as much regulation or such widespread and public potential of litigation for malpractice. The days of the venerable country doctor are over, yet the public still holds that perception, while the reality is more controlled by Federal agencies, insurance companies, Congress, drug companies, attorneys, and technology.
  • The Challenges Facing Healthcare Practices Today: Maximizing Cash Flow is Necessary.
    A review of the financial status of any industry will reveal costs associated with government regulation, but few industries are facing challenges as much as the healthcare industry. The need for prioritizing a practice's cash flow, through professional accounts receivables management, has never been greater.
  • Patient "Out-of-Pocket" Healthcare Costs are Rising: Medical Practices Feel the Pinch
    Since it takes more effort for medical offices to collect the initial reimbursements from insurance companies and since insurance companies are paying less than before, balances of unpaid bills (or claims not yet paid by the insurance company) are increasing. Many practices struggle to keep up with an ever increasing workload because they just don't have the time, or the efficient systems, to keep up with every claim for every patient.

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