A Guide to Outsourcing Medical Billing: Determining the Right Time Engaging a billing partner rather than handling claims and collections in-house has become increasingly popular among medical practices. In large part, this is due to the challenges of maintaining expert staff and the ever-changing requirements and rules set forth by insurance companies. The Challenges of …
The 5 Most Important Questions You Should Ask a Prospective Billing PartnerDr. Michael Fossum, CEO, Nobility RCM When a medical practice decides to partner with a new billing service provider, there are typically one of three over-arching reasons for the change: (1) the client’s hair is proverbially on fire due to ongoing crises with …
How the Right Billing Partner Can Change Your Practice – and Your LifeFaisal Bhatti, Vice President, Revenue Cycle Operations, Nobility RCM One of the chief complaints from medical practices today is the overwhelming task of managing billing processes. Smaller practices are struggling with the time it takes to adequately handle these processes, and they often …
Tips for Developing a Due Diligence Plan Christian Hoffmann, Associate Director, Mergers & Acquisitions, Nobility RCM Due diligence plans can be very complex, so it’s helpful to have a roadmap for developing a robust plan if you intend to acquire a medical or dental billing company or if you’re preparing for a sale. The process …
Preparing a Valuation Christian Hoffmann, Associate Director, Mergers & Acquisitions, Nobility RCM If you’re a business owner of a medical or dental billing company, at some point you may consider selling your company or growing your own business through acquisition. Proper valuation of the business is key to determining whether a transaction will have a …
Mergers & Acquisitions 101 Christian Hoffmann, Associate Director, Mergers & Acquisitions, Nobility RCM Whether you’re considering selling any business – be it a physician practice, medical or dental billing company or otherwise – there are important steps to consider to prepare for such a transaction. And these steps often apply to businesses looking to grow …
How to Select the Best RCM Partner for your FQHC Brian Flynn, VP, Business Development, Nobility RCM Federally Qualified Health Centers (FQHCs) have financial management needs and reporting requirements that are distinctly different from standard, for-profit medical organizations and even nonprofit health systems. FQHCs are federally regulated and specifically dedicated to treating the healthcare needs …
Portrait of a Partnership: How Nobility Supports an FQHC Kerry Hamilton, CMO, Nobility RCM A Nebraska-based Federally Qualified Health Center (FQHC) has been partnering with Nobility’s division in the Cornhusker State since 2007 for its revenue cycle management (RCM) needs. The partnership remains robust and successful, with such outstanding performance that the FQHC consistently scores …
Four Steps You Should Take When Choosing a Billing PartnerBrian Flynn, Vice President, Business Development, Nobility RCM When you decide it’s time to identify a new billing partner, the options can seem endless and overwhelming. But a “one size fits all” solution rarely leads to ideal outcomes because medical billing needs can be sensitive, …
5 Steps to Market Your Medical Billing Company for GrowthKerry Hamilton, CMO, Nobility RCM Plenty of economic optimism surrounds the medical billing industry. The medical billing outsourcing market is expected to grow 12.6% by 2028, according to a recent report by Grand View Research, Inc. An effective marketing strategy plays a key role in accelerating business …
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