Managing the day-to-day finances and budgetary needs of a busy medical office is a huge responsibility. Medical office managers should have formal training in accounting and financial best practices like cost analyses, financial reports, and financial forecasts. Managing the budget is a major undertaking but learning this one skill will set you up for success in other areas of financial management.
Topics: Practice management, CMOM, medical office manager topics, budget planning, financial management
Conflicts are an inevitable part of any workplace, and medical offices are no exception. With high-stress environments, diverse personalities, and the need for seamless teamwork, it's crucial to have effective strategies in place to address and resolve conflicts when they arise. Consider the following best practices for how to handle conflicts in a medical office setting.
Topics: Practice management, CMOM, cmom certification, workplace violence, Medical Office Management
The Calendar Year (CY) 2025 Medicare Physician Fee Schedule (PFS) Final Rule was published on November 1, 2024. Many changes were scheduled to take place on January 1, 2025, and providers should understand the new regulations and guidelines to stay compliant with billing and coding practices. The Medicare PFS final rule, along with other Medicare final rules, addresses the need for an equitable healthcare system that results in better accessibility, quality, affordability, empowerment, and innovation for all Medicare beneficiaries.
Topics: CMOM, PMI Certification, cmom certification
This article highlights the unique journey of Cynthia Voorhees, an acute care nurse practitioner who transitioned into a dual role as CFO and operations manager for Texas Neuro Spine (TNSPINE), one of San Antonio’s leading neurosurgery group
Topics: CMOM, PMI Certification, cmom certification
At Practice Management Institute (PMI), we are fortunate to work alongside dedicated professionals who are committed to advancing the healthcare industry. One such individual is Jan Hailey, one of our esteemed instructors. Recently, Jan was featured in Small Business Showcase, highlighting her remarkable journey and her impactful work in healthcare consulting.
Topics: CMOM, PMI Certification, cmom certification
We’re thrilled to share some valuable insights from our latest collaboration with Oncology Practice Management (OPM)! If you’ve ever felt overwhelmed by the ins and outs of medical coding and billing, you’re not alone. In the article "Coding 101: Common Pitfalls and How to Avoid Them," we break down some of the biggest mistakes that can cost your practice time and money.
Topics: CMOM, PMI Certification, cmom certification
Taya Gordon, MBA, FACMPE, Chief Revenue Cycle Officer at H4 Technology and a nationally recognized expert in revenue cycle management, emphasizes the importance of foundational practices in her latest article for Oncology Practice Management magazine. Gordon highlights that navigating the complexities of revenue cycle management (RCM) is crucial for oncology practices to achieve financial stability and operational efficiency.
Topics: CMOM, PMI Certification, cmom certification
Enrolling in the Certified Medical Office Manager (CMOM) course is a significant decision that can open new doors for your career. It’s natural to feel hesitant, especially when you're weighing factors like cost, time commitment, or whether you're truly prepared. However, these uncertainties shouldn't prevent you from taking steps toward achieving your professional goals. Let's address the most common obstacles that might be holding you back and explore practical ways to overcome them, so you can confidently move forward with your certification.
Topics: CMOM, Certified Medical Office Manager
Katie Lawrence, a seasoned instructor with Practice Management Institute (PMI), delves into the power of intentional decision-making in oncology practice management in her latest article for Oncology Practice Management magazine. Lawrence emphasizes that, in a fast-paced healthcare environment, making deliberate, informed decisions is key to driving both short-term success and long-term sustainability.
Topics: CMOM, PMI Certification, cmom certification
The August 2024 issue of Oncology Practice Management magazine offers an insightful look into the key performance indicators (KPIs) that are critical for the success of oncology practices. The article emphasizes that while many practices monitor a wide range of metrics, it’s essential to focus on those KPIs that truly impact the practice’s financial health, patient satisfaction, and overall efficiency.
Topics: CMOM, PMI Certification, cmom certification
As healthcare practices strive for greater efficiency and compliance, the demand for skilled Medical Office Managers is on the rise. The Certified Medical Office Manager (CMOM) certification from the Practice Management Institute offers an unparalleled opportunity to advance your career. By covering critical topics like operational efficiency, financial management, and leadership, CMOM equips you with the tools needed to excel in managing a medical office, setting you apart in a competitive job market.
Topics: CMOM, PMI Certification, cmom certification
If you've been thinking about earning certification, PMI can help you slay your goals. The next live online training series beginning on October 9th. Review some of our most frequently-asked questions below, and start your journey learning new skills for career advancement.
Topics: CMOM, PMI Certification, cmom certification
As the Certified Medical Office Manager (CMOM) program celebrates its 25th anniversary, we delve into conversations with two seasoned professionals, Kiva Lenzy, CMOM, and Judelin Bonares, CMOM, to understand the significance of certification in their careers.
Topics: CMOM, medical office certification, Certified Medical Office Manager, medical office training, Desk of the President Series, partnerships
Leading a busy medical practice comes with an incredible amount of responsibility. There's no time to stop and take a breath when everywhere you turn something or someone needs your attention. Whether it's hiring and supervising office staff, managing the practice cash flow, maintaining compliance, or ensuring patients are seen within a reasonable timeframe, each day presents new challenges. Studying to become a Certified Medical Office Manager (CMOM) can boost your knowledge and help you become a more effective and efficient practice manager.
Here are a few more reasons why you should get a CMOM certification:
Topics: Practice management, CMOM, medical office certification, Certified Medical Office Manager, medical office leadership
You are thinking about the busy workday ahead as your car inches forward in heavy morning traffic. An incoming call from the medical office building manager changes the trajectory of your day. Downed power lines from a heavy storm have forced the offices to close indefinitely. Water has seeped into the building. Now your thoughts shift to the patient load for the week, in-office procedures scheduled for the day, and communicating with staff heading into the office. How can you address the closure, property damage, system outages, and other unknown perils as quickly as possible?
Topics: CMOM, medical office manager topics, medical office compliance, workplace violence, leadership, workplace safety, Crisis Leadership