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Business/Casualty Insurance

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Casualty insurance, also known as liability insurance, protects you and your medical practice from being responsible, or liable, for negligent acts. Worker’s compensation is a type of casualty insurance. Malpractice insurance can fall under this category as well. It’s important to note that casualty insurance is not connected to other forms of insurance like life, […]

Doctor Credentialing With Hospitals And Insurance Companies

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When Hospitals And Insurance Companies Want To Work With A Physician, They Must Engage In A Process Known As Doctor Credentialing. Doctor Credentialing Helps Hospitals And Insurance Companies Choose The Best Doctors With Whom They’d Like To Work. During The Credentialing Process, Experienced Investigators Dig Deep Into The Physician’s History, Acting As Medical Detectives. Hospitals […]

In-House Doctor Credentialing VS. Outsourcing

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There are many areas of your healthcare practice that can be taken care of in-house. Many medical professionals choose to have their billing, coding, and transcription services taken care of on-site. While not as cost-effective as outsourcing, hiring a dedicated staff member to help you with these duties is convenient and can save time. So […]

Medicare And Medicaid Audits

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If your medical practice accepts Medicare and Medicaid, you may be at risk for an audit. As instances of medical fraud have risen, the government has developed 7 different types of audits to prevent overpayments, underpayments, waste and abuse in the healthcare system. Appealing a decision made as the result of an audit can be […]

HMOs vs PPOs

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As the owner of a new or growing medical practice, it’s important to have a strong understanding of your patient’s health insurance options. The vast majority of your patients will be enrolled in either an HMO or a PPO medical insurance plan. Understanding the differences between these two types of insurance will help you and […]

Life Insurance

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Life insurance is not just one more expense to add to the many expenses of running your own medical practice. It’s also not just a way to protect your family in the event of your passing. Instead, life insurance has recently become a financially sound way to protect your assets. In other words, life insurance […]

Insurance Types Needed for a Medical Practice

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When you think of purchasing insurance for your medical practice, what comes to mind? For many physicians, malpractice insurance is considered the most important type of insurance to have. But as a business owner and a medical professional, there are actually 7 different types of insurance you need in order to protect your practice from […]