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Seth Flam, DO

Lead Blogger: Seth Flam, DO

Dr. Flam is one of the founders of HealthFusion and serves as the company's CEO and President. He is board certified in Family Practice and is one of the creative forces behind MediTouch EHR.

Managing Your Practice Requires Graphic Dashboards with Real Time Data from Your Practice Management Software

Practice management software
As reimbursements decline and finances become more challenging for medical practices across the country, one thing is clear:      You MUST review your practice financial data on a regular basis. But by this, we don’t mean looking at spreadsheets once a in a while. By the time you see months-old data, you may already have lost the battle. As a recent article in Healthcare Finance News pointed out, “Discovering significant reimbursement declines and payment denials several months in—regardless of cause—can be crippling.” “To facilitate data-driven decision making, every key piece of […] Continue Reading

Denial Management: Can You Afford to Throw Away $25 for Each Denial?

denial management - don't throw money away
A recent MGMA report showed that the average cost to rework a claim is $25. That means every claim that’s denied or rejected—every claim—is costing you an average of $25. Let’s do the math: If your staff must rework 100 claims every month, it’s costing you: $2,500 per month Why let that revenue flow out your door? By analyzing and fixing the problem, whether with one biller, practice-wide or with a particular payer, you can save your practice a substantial sum of money that goes right to the bottom line. In a […] Continue Reading