Consulting Services

Simple Strategies to Improve Cash Flow in Your Practice

Keeping the cash flowing in your medical practice can be tough. Slow payments, disorganized billing, and unpredictable revenue make managing expenses or investing in patient care challenging. But don’t worry: improving cash flow doesn’t have to be complicated! Legacy Consulting Services has the right strategies to help you tackle these challenges head-on and set your […]

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Billing Integrity Audits: A Guide for Healthcare Practice

In today’s healthcare world, billing integrity audits protect the practice from potential risks and enhance its overall efficiency.  These audits identify errors, such as incorrect coding, duplicate charges, or unbilled services, which can lead to revenue loss or overbilling.  Accurate billing ensures the practice collects the full reimbursement it is entitled to, improving cash flow

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Essential KPIs Every Healthcare Provider Must Track

In today’s fast-paced healthcare industry, tracking the right Key Performance Indicators (KPIs) is essential for optimizing operations. This data ensures patient satisfaction and maintains financial health. Whether you run a small clinic or a large hospital, KPIs show where you can improve and help you make decisions. At Legacy Consulting Services, our experienced team helps

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Maximize Revenue, Minimize Stress: The Benefits of Outsourcing Medical Billing

The healthcare industry faces increasing administrative demands, with medical billing often being one of the most challenging tasks. For many providers, the time spent on billing detracts from their primary mission: delivering quality patient care.  This blog explores why outsourcing medical billing could be a game-changer for healthcare providers. Why Healthcare Providers Should Consider Outsourcing

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Weighing-In on Weight-Loss Medications: Navigating Regulations for Ozempic and Mounjaro

Weight-loss drugs, like Ozempic and Mounjaro, are creating a buzz and offering new hope for patients struggling with obesity. Originally approved for treating type 2 diabetes, these medications have quickly gained popularity for obesity treatment and general weight loss, despite their high prices and limited insurance coverage. The once-a-week injections are so popular that pharmacies

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Brace for Impact: CMS Proposes Cut to Physician Payments

The Centers for Medicare & Medicaid Services (CMS) dropped a bombshell in July: they released their proposed rule for next year’s Medicare physician fee schedule. The big news? They’re planning to slash physician payment rates by 2.8%! Industry groups are already up in arms, insisting that physician reimbursement needs to keep pace with inflation. Here’s

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Securing Patient Data in the Aftermath of a Cyber Attack

Experts call it the most significant cyberattack in American history! In February, a ransomware breach on Change Healthcare, a subsidiary of UnitedHealth, brought medical billing to a standstill nationwide. The attack, allegedly orchestrated by Russian cybercriminals, severely crippled payment processing for doctors and hospitals, putting some practices at the edge of bankruptcy. The repercussions of

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Value-Based Care to Soar in 2024

Value-based healthcare is beginning its anticipated acceleration in 2024. This model is all about making sure patients get the best care possible while keeping costs in check in a tough healthcare environment. Instead of just paying for every service a patient receives, regardless of how effective it is, value-based care focuses on the outcomes of

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The Vital Role of Credentialing and Provider Enrollment Services

Are you facing significant hurdles with provider enrollment and credentialing? Is this negatively impacting your cash collections?   We understand and we hear it every day.   With streamlined and efficient provider enrollment processes, physicians can focus on healing and saving lives, while patients receive quality care. Keep reading to learn how Legacy Consulting Services brings significant

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Turning Revenue into Cash: The Importance of AR Follow-up and Timely Filing

In the intricate landscape of healthcare, managing the revenue cycle and reimbursement is a constant challenge for practices. Timely filing of claims and timely AR follow-up is a pivotal aspect that directly impacts cash flow. Failure to adhere to timely filing limits and appeal deadlines set by different payors can lead to significant financial losses

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