Asset-light vs. Asset-heavy Private Medical Practices

Posted by Clark Love on Jun 3, 2021 5:18:49 PM

Whether you are an administrator, owner, or someone who is involved in some way with the running of a medical practice, you are likely going to already know about both asset-light and asset-heavy medical practice designs.

If you are, however, unfamiliar with these terms, then knowing the difference between them can be extremely helpful in weighing up how to design a medical practice and where capital should be allocated.

An asset-heavy medical practice is one with a large amount of capital invested in equipment, the property and building where the practice is located, employees (with a large number of full-time employees), and essentially owns a wide range of assets that allow it to perform as many functions as possible.

An asset-light medical practice on the other hand is one that owns fewer fixed assets, with a minimized quantity of full-time employees that focuses more on using outsourcing vendors to provide patients with a full range of medical and diagnostic treatments.

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Topics: Urodynamics Testing, General Urology Information, Reimbursments, Reimbursment Trends, urodynamics staffing, hospital operations, clinical operations, urodynamics service provider, ObGyn Practices, urodynamics profitability, Medical Practice Operations, Urology Practice Trends

Why Don't Medical Practices Outsource More?

Posted by Clark Love on May 19, 2021 9:14:45 PM

For any USA-based medical practice, there is a wide range of benefits that comes with outsourcing. As the healthcare industry becomes more competitive, outsourcing non-core services can help practices improve patient experiences and outcomes while also helping to create additional revenue without the need for training their own staff or investing in expensive equipment and facilities, all of which is handled by the specialized healthcare professional who is outsourced to.

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Topics: Urodynamics Testing, BHN, Reimbursement, outsourcing diagnostics, Reimbursments, urodynamics equipment, urodynamics staffing, clinical operations, urology, urodynamics interpretation, urodynamics service provider, male urodynamics, urodynamics billing, ObGyn Practices, UroGynecology

The Biden Administration's Impact On Healthcare, Private Practices, and Urology Practices

Posted by Clark Love on Apr 1, 2021 2:25:50 PM

On January 20th of this year, Joe Biden was sworn in as the United States of America’s 46th president. Like any new leader of a country, this change in the White House meant many different things for various people, businesses, and entire industries.

 

The new administration is a tremendous shift from the previous one, changing the nation’s landscape across the board.

 

No more are these changes evident than in healthcare. Biden and his administration’s approach - even at first glance - is a totally different beast than former President Trump’s. With that said, how will this impact private practices across the US?

 

This blog will explore the above question and then delve into urology practices, specifically.

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Topics: Reimbursments, urodynamics, finance, Reimbursment Trends, Reimbursement Trends, clinical operations, urology, urodynamics billing, Medical Practice Operations

Reimbursement for Urodynamics in 2020

Posted by Dr. Peter Steinberg on Feb 10, 2020 3:15:28 PM

Reimbursement is always a hot topic in urologic care, especially with regards to specific procedures. While individual payors may vary with regards to what they pay for specific evaluation and management (E&M) and procedures (CPT codes), almost all reimbursement is ultimately driven by what rates Medicare will pay and/or how many Relative Value Units (RVU’s) Medicare will assign to a specific E&M or CPT code. This post will review reimbursement trends for urodynamics in 2020 (UDS).

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Topics: Reimbursments, urodynamics, finance, Reimbursement Trends, urodynamics billing, urodynamics profitability

Urodynamic Procedure Reimbursements 2016-2018

Posted by Clark Love on May 29, 2018 7:29:29 PM

Urodynamic procedures can be scheduled for reimbursements through Medicare and other insurance companies. You will need to know the exact codes listed below in the article to help build a proper case for calculating how much you can be reimbursed for. The following information is a guide to help you estimate your reimbursement. However, not all reimbursements will be accepted. Contact your insurers for an assessment to check if you qualify for urodynamic procedure reimbursements. Each insurance office has strict policies and guidelines on whether you will get accepted or denied your reimbursement.

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Topics: Reimbursement, Reimbursments, urodynamics billing

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