Five-Star-Life

It has been accurately stated that you cannot manage what you do not measure. This is particularly true in the arena of medical billing denials. Without a strong Revenue Cycle Denial Management system in place you cannot properly manage this critical element of medical billing. If you are not managing your denials then you are most likely leaving more than 20% of your revenues uncollected.

I heard on the radio today that Americans were finally saving again after years of racking up debt. Saving takes discipline but anyone can do it by paying yourself first. A simple three step system works for me. 1. Add up all my bills for the month 2. Deduct that from what I make for the month 2. Deduct my spending money for the month and then deposit the remainder in my savings account. You can also do this on a weekly basis. Don’t write checks for anything but bills and live on your allocated spending money. This sounds so easy to do but it isn’t.