2 Things Every Practice Should Outsource

Posted by Madhu Singh on Thu, Mar 21, 2019 @ 14:03 PM

Your optometry practice does it all.

From managing payroll and accounting to digital marketing and hiring, you probably feel stretched thin during the busy season. In order to spend the majority of your time providing your patients the best care and attention possible, you might need to outsource some of your responsibilities.

Depending on the size and needs of your practice, most of your responsibilities need to be done in-house. However, there are a few areas where you can trust external experts to take over. Sometimes, it even saves you money and boosts patient care in the long-run. Keep reading to find out 2 areas where outsourcing can be beneficial to running your modern eyecare practice.

Read More

Reducing Expenses and Managing Money in Your Eyecare Practice

Posted by Madhu Singh on Thu, Feb 28, 2019 @ 11:02 AM

Don't let a lack of comfort when it comes to accounting, budgeting, expenses, and spreadsheets in general hold your eyecare practice back from growing. Although outsourcing your insurance filings and financial needs is always an option, there are a few very simple responsibilities your staff can learn to handle in-house.

We want to make sure you feel confident handling your own money, reducing overhead expenses, and identifying areas that are scalable in your practice. That's why we've compiled a handbook about how to run your small business to maximize your profits.

Keep reading for insights into financial management in an optometry practice. Even if your practice has been around for years, there is always room for improvement.

Read More

One of the Denial Rate Reports You Should Be Running

Posted by Madhu Singh on Thu, Feb 21, 2019 @ 11:02 AM

We know that insurance revenue scaling in your eyecare practice can be daunting, but that's why we've compiled resources to help you become a claim expert. What happens after you've decided on the solution, system, or service that's best for your practice, though?

Say you've got a system in place for claim management and filing that seems to fit well into your workflow. How do you know that it's supporting your practice financially? The best way to measure the performance of your insurance revenue is through running reports. Then, you can optimize the process to reduce the number of unpaid claims.

Today, we're going to highlight one of the five insurance reports you should be running. We hope it urges you to gain necessary insight into the financial side of your practice. 

Read More

Calculate the Insurance Revenue Your Practice is Missing

Posted by Madhu Singh on Thu, Feb 14, 2019 @ 08:02 AM

Understanding the cause of your insurance claim denials can help you and your optical staff correct any errors before they occur. Then, you can set goals for insurance revenue in 2019. The first step to ramping up your insurance revenue is identifying why and where you're missing out on revenue in your existing processes.

However, if you've compared your denial rate to the national average and found that your practice has room for improvement, we want to help you out. We've developed a calculator that can show you if outsourcing your claim management is the right step for your practice.

Read More

Optometric Billing Tips to Avoid Claim Denials

Posted by Jeff Rezabek on Tue, Jan 15, 2019 @ 11:01 AM

Your practice relies on insurance claims to generate revenue. However, common errors are resulting in denied claims, wasted time, and lost revenue. It’s time to be proactive about your claim management and maximize reimbursements for your patient visits.

Having to rework denied claims and resubmit them is only adding to the claims that your optometric billing manager has to submit. With a few adjustments to the office workflow and the right technology, you can focus less on reworking denials and more on submitting your claims right the first time. Read on to see what steps you can take today to stop being denied.

Read More