
If you own an O&P practice, you know that times are changing. Reimbursement delays and billing audits are making it difficult to manage cash flow, forcing some practices to close their doors. What will happen to practitioners who are laid off? Will they secure positions with past competitors, enter the hospital system, or enter a new field entirely? O&P practitioners are specialized and passionate. It would be a shame—not only for our industry but also for patients—if we lose these great practitioners. There are several investments that O&P business owners can make right now to help secure their companies’ futures. The first is to appoint or hire a business manager to help contract, bill, and code effectively.
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