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Category: Billing Tips

How to establish a business plan for your holistic practice

Opening a holistic healthcare practice is an exciting and challenging endeavor that requires careful planning and preparation. A business plan is a critical tool that can help you to organize your thoughts, set goals, and create a roadmap for your practice's success. In this blog post, we will discuss the steps on how to establish […]

Tips for opening your first practice

Opening a holistic medicine practice can be a rewarding and fulfilling experience, but it is also a significant financial investment. As a healthcare consultant, I want to share some critical business advice and tips for opening your first practice. First and foremost, it is essential to have a clear and comprehensive business plan in place […]

How Rejected Claims Impact Your Practice (+ How to Minimize Them)

The healthcare revenue cycle is fraught with various moving parts and pieces that can throw a wrench in your financial performance; one such example is that of rejected claims, which can delay your payment for services rendered, cause extra stress, and result in lower financial performance for your holistic practice. The ideal metric for tracking […]

Effective Patient Communication: How to Write a Patient Satisfaction Survey

No matter the specialty of your holistic practice—whether you offer acupuncture, massage therapy, chiropractic treatments, or a combination—you’re there to provide quality care to your community. How do you know that you’re squarely hitting that target, though? What if there are some areas of your holistic practice that patients wish were a little more streamlined […]

Medicare Billing: 3 Tips For Your Holistic Practice

If you’re on the fence about opening up your practice to patients covered by Medicare, but you’re dubious of the extra workload dealing with billing Medicare for services rendered, then you’ve come to the right place. Expanding your pool of patients to include those covered by Medicare is limited depending on your specialty—primarily acupuncture or […]

What Is a Relative Value Unit? (+ How It Impacts Medicare Billing)

At Holistic Billing Services, we know that trying to make sense of the medical billing cycle can be confusing and intimidating. There are so many acronyms to learn and putting the pieces of the massive puzzle can feel impossible like Relative Value Unit (RVU); we’re here to help break down the process and explain some […]

What is a SOAP Note? (+ Why it is Important for Insurance Billing)

Healthcare documentation is a critical component for your holistic practice, both in terms of delivering great care to your patients and for insurance billing purposes—not to mention the importance of having some form of documentation in the event of a legal situation, in this blog you will discover What is a SOAP Note. Treatment notes […]

How to Start Providing VA Massage Therapy (+ Tips for Billing the VA)

A recent consumer study found that 88% of respondents reported massage therapy was beneficial to their overall health and wellness. Want to offer VA massage therapy services to the veterans in your community, but aren’t sure how to manage billing the VA? We’re here to help you understand this process better so you can deliver […]

Top Healthcare KPIs to Track to Improve Your Holistic Practice Management

When evaluating the success of your holistic practice, where do you start? It’s too short-sighted to worry only about keeping the lights on, but planning for the future on a broad, subjective scale can feel intimidating or overwhelming. That’s where tracking top healthcare KPIs can benefit your holistic practice. Healthcare KPI tracking can provide a […]

How to Prevent CMS Audits for Holistic Practices

Treating Medicare patients not only entails serving a greater population in your community, but it also means that your holistic practice may be subjected to Medicare audits. These can lead to suspension of payments and Medicare fees if your holistic practice isn’t up to snuff with current regulations and laws.  Unfortunately, healthcare waste, fraud, and […]

How to Avoid Claim Denials as a Holistic Practice

Your holistic practice’s health insurance denial rates are some of the most significant indicators of your medical billing success. Unfortunately, they’re also one of the most difficult elements of your billing operation to improve. If you’re not paying close attention to your insurance claim denials rate, you’re jeopardizing the financial stability of your practice. By […]

4 Best Practices to Help Lower Days in Accounts Receivable

Unfortunately, many holistic practices simply let their accounts receivable (A/R) metric to be a black box of misunderstanding, when in reality, it’s one of the most important numbers to know when gaining an overview of your practice’s financial standing.  This figure indicates the financial health of your practice, which is essential to know when making […]

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