Between keeping up with advances in modern medicine, establishing meaningful and healthy relationships with your patients and dealing with the day-to-day grind of running a business, it can be hard to make time to think critically about revenue cycle management. Still, it's important to remember that having a clear understanding of your various revenue streams and financial management techniques is key to the longevity and success of your practice. Luckily, this need not be quite as difficult an undertaking as it may first seem. In fact, pairing strong organizational techniques with effective practice management software can make financial evaluation a breeze. Take a look at these best practices for managing the financial health of your practice:

As ICD-10 implementation gets closer, many healthcare providers have found themselves struggling to understand the deadline. This is due largely to the fact that the set date has been pushed back several times in an effort to allow all affected parties to prepare accordingly. With that in mind, it's important to recognize that ICD-10, though seemingly far away, is a great deal closer than you think. With the ICD-10 transition date now set for Oct. 1, 2015, take a look at some key information concerning the shift:

Hi, and welcome back to the Nextech blog! Today we're going to be discussing using mobility solutions to move your electronic health records system beyond the desk and PC.

Medical coding is a shared language that allows clinicians, insurers, and government agencies to effectively share information about a patient’s health. The coders in a plastic surgery practice use codes to communicate diagnoses and treatment procedures to payers.

Coding is the common language that allows ophthalmology clinicians, insurance companies, and government agencies to share and understand information about a patient’s health.

ICD-10 codes enable dermatology clinics, insurance companies, and government agencies to share information about a patient’s condition. They organize a tremendous number of dermatology diagnoses into a standardized format all three stakeholders can understand. ICD-10 stands for the 10th revision of the International Classification of Diseases, created and maintained by the World Health Organization. WHO further divides diagnoses into ICD-10-CM (primarily used in outpatient and clinical settings) and ICD-10-PCS (primarily used in inpatient and hospital settings). Just as ICD-10 codes classify diseases, CPT codes classify procedures. Coders in a dermatology practice need to be well trained in both coding languages. Note: This content has been updated since the original publish date.