Dear Imaging Center Insider,
Under the best of circumstances, running a radiology practice is a challenging endeavor. As 2007 approaches and proposed double-digit reimbursement reductions loom on the horizon, administering an imaging center is a daunting task.
Patricia Kroken, a principal in Healthcare Resource Providers, an Albuquerque, NM-based radiology business consulting firm, knows this all too well. A former imaging center manager and past president of the Radiology Business Management Association (RBMA), Kroken has been there, done that, enjoyed the wins, and learned from the losses.
At the recent American Healthcare Radiology Administrators (AHRA) conference in Las Vegas, Kroken outlined several steps an imaging center practice can take to modify and make the most of its revenue cycle. With almost certain reductions to the revenue stream coming in the months ahead, control of this process could mean the difference between surviving and thriving.
To learn more about the practical steps your imaging center practice can take to maximize its revenue cycle, click here. As an AuntMinnie.com Imaging Center Insider, you have access to the article days before the rest of our members.
Kroken has also authored an article, published late last month, which marks the beginning of a content sharing arrangement between AuntMinnie.com and the RBMA. In the coming months, we'll be featuring occasional articles from the association's RBMA Bulletin that deal with many of the aspects of imaging services management.
In other news, if your practice has contractual arrangements to reassign the professional component of its Medicare bills to another entity (such as a hospital or other specialty practice) for global billing, you may want to take a look at our story on proposed reassignment rule changes that were included in the recently published 2007 Medicare Physician Fee Schedule.
Finally, if you have a comment or report to share about any aspect of imaging practice, management, administration, regulation, or financing, please contact me at [email protected]. I look forward to hearing from you.
