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On Demand

The Blueprint for Cash Practice Success & Common Mistakes Made by Texas DO's in Billing


Total Credits: 2 including 2 AOA Category 1-A Credit(s)

Average Rating:
Not yet rated
State Associations:
TOMA - Texas
Faculty:
James Mahoney, DO |  Don Self, CPC, CMCS
Duration:
1 Hour 57 Minutes
Expiration:
Never Expires.


Description

The Blueprint for Cash Practice Success

This session will present a compelling case for transition away from corporate medicine and dependence on third-party payors into the freedom of independent practice. The barriers to effective Osteopathic treatment created by restrictive reimbursement policies will be exposed as the primary cause for the year-over-year decline in the use of OMT. The popularity of practices that provide OMT and their subsequent financial success will be demonstrated. The session will present data on improvements in quality of care and patient satisfaction in independent practice, focusing on these benefits in the absence of third-party interference. The pressing need for a return to independent cash practice will be supported by real-life vignettes, statistical data and physician surveys. Multiple viable pathways for a transition to cash practice will be presented to attendees for practical application and proven success.

Objectives:

  • Reveal the existential crisis facing osteopathic treatment due to third-party interference
  • Review the pros and cons of DPC, Concierge, and Fee-for-Service practices
  • Present step-by-step instructions for building an osteopathic cash practice
  • Share best business practices for enhanced cash flow and patient retention
  • Provide an ethical framework for the transition from third-party dependence to independence.

Common Mistakes Made by Texas DO's in Billing

This session will discuss not only the common errors in billing and coding made by Texas osteopathic physicians, but will also identify the services that Medicare and commercial plans expect to pay for, which are not presently being billed by the majority of physicians. In addition, this session will identify why Medicare Part B patients are the most profitable for any primary care physicians/practices as well as show the average payments for the services most often suggested by Medicare. Finally, the speaker will discuss how it is illegal most of the time for commercial insurance companies to recoup or demand refunds from clinics and physicians.

Objectives:

  • Identify the billable services most physicians are performing - but neglecting to bill
  • Pinpoint the areas where most physicians are intimidated by insurance companies, but shouldn't be
  • Clear up confusion about how profitable the Medicare patients truly are and identify increased income.

Statement of Accreditation
The Texas Osteopathic Medical Association (TOMA) is accredited by the American Osteopathic Association to provide osteopathic continuing medical education for physicians. TOMA designates is program for a maximum of 2 AOA Category 1-A credits and will report CME credits commensurate with the extent of the physician’s participation in this activity.

Grievance Policy
All grievances may be directed to TOMA's Executive Director at toma@txosteo.org. All grievances will receive an initial response within 30 days of receipt.  If the participant does not receive a satisfactory response, they can submit a complaint to the Bureau of Osteopathic Education of the AOA at 142 East Ontario Street, Chicago, IL 60611.

 

Handouts

Faculty

James Mahoney, DO's Profile

James Mahoney, DO Related Seminars and Products

DrJ Regenerative Medicine


James J. Mahoney DO, “DrJ” to those who know him, is board-certified in Family and Neuromusculoskeletal Medicine and has been a passionate teacher, mentor, and advocate for Osteopathic principles and practice since receiving his DO degree from Philadelphia Osteopathic in 1985.

DrJ has enjoyed 30 years of success in a cash practice in Southlake, Texas and shared his methods and model with thousands of health professionals all over the world through one-on-one mentoring, seminars, visiting professorships, mission work, and, software development.

DrJ is a husband, father of three grown children and most recently a grandfather. His contribution to the healing arts is focused on elevating the doctor-patient relationship through applying Osteopathic principles in every aspect of practice. 

Dr. Mahoney discloses that he has no relevant financial relationships with any organization producing, marketing, reselling, or distributing health care goods or services consumed by, or used on, patients relative to the content of this presentation.


Don Self, CPC, CMCS Related Seminars and Products


Don has taught more than 900 seminars/webinars over the past 38 years to tens of thousands of physicians, NPPs, coders and billers on coding, revenue, reimbursement and billing.  His books and E&M Sliderules have benefited tens of thousands of professionals.   He has helped thousands make sure they are paid properly by Medicare and other payers.


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