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Welcome to Thriving Practice - the show for healthcare practice owners who want to grow their practice while taking back their time. Hosted by executive coach and business consultant Tracy Cherpeski, this podcast features exclusive interviews with diverse healthcare business experts and successful practice leaders spanning the globe. Join us for authentic conversations about what it takes to build a successful practice without sacrifice. Our goal is to equip you with the right mindset, strategies and tools to take back your time, grow your practice and elevate your leadership. Subscribe now and then go to ThrivingPracticeCommunity.com to learn more about our modern Community of Practice for ambitious practice leaders who want to do things differently.
Episodes
Friday Feb 07, 2025
Friday Feb 07, 2025
In this episode, we dive deep into the world of medical coding and revenue cycle management with Sherry Elliott, founder of Elliott Health Information Professionals (EHIP). Sherry shares invaluable insights about how proper medical coding impacts healthcare providers, patients, and the broader healthcare system.
Key Topics Discussed:
- The importance of professional medical coding vs. provider-done coding
- How incorrect coding can lead to significant revenue loss for healthcare practices
- The ripple effects of proper coding on healthcare research and policy
- Success stories of helping healthcare providers optimize their revenue
- The broader impact of coding on healthcare accessibility and quality
Key Highlights:
- Sherry explains how providers often unknowingly leave money on the table by doing their own coding
- Discussion of a case study where millions in revenue were being lost due to incorrect coding
- A success story of helping a pain management practice recover $60,000 in denied claims
- How medical coding data contributed to COVID-19 research and treatment approvals
- The importance of accurate coding for future healthcare policy and reimbursement rates
Notable Quotes:
"Getting paid doesn't mean you're doing it correctly." - Sherry Elliott
"The viability of the organization matters not only to you, the provider, but to your whole patient population." - Sherry Elliott
Action Steps for Listeners:
- Review your current coding practices
- Consider professional coding support for your practice
- Download the free Top 10 Coding Errors guide
- Book a consultation call through the website to discuss potential revenue optimization
Sherry's Bio:
Sherry Elliott is the founder of Elliott Health Information Professionals (EHIP), specializing in medical coding, revenue cycle management, and healthcare compliance. With over 17 years of experience, including work as a CMS contractor, she helps healthcare providers optimize their revenue while maintaining regulatory compliance. Sherry's expertise has contributed to major healthcare research, including published studies on COVID-19 treatments. Her company provides comprehensive coding, auditing, and educational services to healthcare organizations across the country, helping them maximize reimbursement while improving operational efficiency.
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