Maximizing efficiency in the management of the physician practice: survival under managed care.

The managed care environment is forcing physicians to maximize the efficiency of the management of their practices. Physicians can no longer afford to delegate billing and office management to inexperienced or untrained personnel. All physician practices must ensure they have resources available to maximize revenue, control expenses, and avoid costly billing errors and omissions. Use of outside resources such as practice management firms and delegation of all billing and collections to professional medical billing companies are the best alternatives available to the physician.