Practice Financials

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Consulting

  • Billing and Collections Assessment: A consultant will review your practice's business office operations, focusing on your complete billing and collections process.
  • Billing and Collections Training: Your consultant will provide on-site training to assist you and your staff in developing policies and procedures for effective billing and collections processes.
  • Embezzlement Risk Review:  An embezzlement risk review is a review of your cash handling procedures, inventory control procedures, staffing assignments, checks and balance systems, and a comparison of profit and loss statements to practice management reports.

Tools & Resources 

  • TMA 30-Minute Billing Cure:  Under the sponsorship of county medical societies, TMA staff experts visit county society headquarters for one-to-two-day engagements, providing prescheduled, free half-hour sessions to TMA member physicians and their employees throughout the day. 
    A TMA expert will show you and your staff how to file claims correctly, thus reducing costly delays, resubmissions, and appeals - and possible audits. You can discuss your hassles with Medicare, Medicaid, private payers, and/or workers' compensation, and general payment-related coding and billing questions. To schedule a TMA 30-Minute Billing Cure in your community, contact your county medical society.  Free to TMA members.
  • Financial Trend Tracker for medical practices: The TMA Financial Trend Tracker displays a practice’s key performance indicators in a user-friendly format through easy-to-read graphs and charts. MembersOnlyRed
  • Billing Company Evaluation Matrix
    Use this matrix when evaluating billing vendors to determine which vendor best suits the needs of your practice.

TMA Endorsed and Group Discount Program Vendors 

IC System(1)
Since 1938, IC System for Intelligent Collections has been helping clients achieve their accounts receivable management goals. 
 
TSYS

TSYS® is a TMA-endorsed member benefit for payment processing. More than just credit card processing, TSYS® offers low-cost ACH capability, web payment tools, recurring billing, easy-to-read merchant statements, and more.  

Last Updated On

October 05, 2018

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