market when the time is right, then you have not taken advantage of the tools that can make your company valuable in the eyes of a third party buyer. as the economy has clearly demonstrated over the past few years, postponing decisions can increase business risk. if you have not yet chosen a specific exit path, we encourage you to conduct open and frank discussions with your advisors about which direction to take and when. feel free to contact us for further suggestions on the pros and cons of each exit path. Stephen Klein, CPA is CEO and founder of Exit Strategy Solutions, LLC and a member of Business Enterprise Institute’s international network of exit planning professionals. The company provides transition and exit planning solutions and merger and acquisition services to business owners. Stephen can be reached via email at SKlein@ExitStrategySolutions.com or by phone at (609) 731-8419. FEATURE storY (Help Physician Practices “Heal That Claim”™ by Taking Advantage of ERAs and EFTs continued) the bank then posts these payments into your account. if your practice currently uses a lock box, you should discuss with both your bank and your billing service the most optimal way to continue as you move to efts. however, you may choose to retain your lock box for patient payments, especially if your practice is located in a crime-prone area and you do not want checks mailed to your office. 4. how will i be able to access the eras from the health insurer? talk with both your billing service and the health insurer to determine all the available ways they can provide access to the eras. make sure you know how your practice will be able to access this information and integrate it into your practice work flow before signing an eft agreement with a health insurer. Leap over your competition in a single bound by becoming accredited. Our personal accreditation coaches at HQAA help you look at your organization from a whole new perspective, and support you to maximize quality. And our web-based tools help you organize your policies and procedures to streamline your business and enhance e!ciency. Aim high. Choose accrediation. Contact HQAA today. 866.909.4722 www.HQAA.org/billing the journal of the healthcare billing and management association 33
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