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Billing: The Lifeblood of Your Business—Does Yours Measure Up? A Roadmap to Assess Your Billing Performance and Audit Your Billing Practices

Billing: The Lifeblood of Your Business—Does Yours Measure Up? A Roadmap to Assess Your Billing Performance and Audit Your Billing Practices


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Thom Schildmeyer
 
Billing represents one of the most critical aspects of a medical practice, impacting your revenue, cash flow, and overall financial results. Yet many physicians do not have a clear understanding of their billing performance and, more importantly, how it affects the bottom line. This article examines key areas of medical billing, including steps to analyze your practice’s performance against industry benchmarks. It also includes a real-world case study that highlights one practice’s billing performance and opportunity for improvement.