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Mind Your Money, Mind Your Business

Mind Your Money, Mind Your Business
O&P News, May 2017

CHICAGO — In the face of business challenges, such as prepayment audits and low reimbursements, Robert Benedetti, controller for De La Torre Orthotics and Prosthetics and consultant for Promise Consulting, said O&P practices can focus on the following three things to stay financially viable: people; process; and profit.

“All of these can affect your cash flow, and cash flow is the lifeblood of your company,” Benedetti said at the American Academy of Orthotists and Prosthetists Annual Meeting and Scientific Symposium. “I have talked about [patient] care and profit, and where each [should] fall on a continuum [of importance], but there is a balance between the two.”

Meeting News

Speaker: Encourage staff to take ownership, not buy in

March 2, 2017
CHICAGO — O&P employers should include more members of their staff in regular decision-making processes and encourage them to feel a sense of ownership in the…
Marketing with Mansfield

Milk, Eggs and Cheese

O&P News, January 2017
Elizabeth Mansfield
According to HHS, the older population — aged 65 years or older — numbered 46.2 million in 2014. They represented 14.5% of the U.S. population, or about one…
Cover Story

The Pros and Cons of Hospital-owned vs Independent O&P Practices

O&P News, January 2017
In choosing between joining a hospital-owned institution or opening an independent practice, O&P professionals have a multitude of variables to consider. The smaller…
Business News

Mind Your Money, Mind Your Business

O&P News, May 2017
CHICAGO — In the face of business challenges, such as prepayment audits and low reimbursements, Robert Benedetti, controller for De La Torre…

Meeting News

Speaker: Encourage staff to take ownership, not buy in

March 2, 2017
CHICAGO — O&P employers should include more members of their staff in regular decision-making processes and encourage them to feel a sense…

Marketing with Mansfield

Milk, Eggs and Cheese

O&P News, January 2017
Elizabeth Mansfield
According to HHS, the older population — aged 65 years or older — numbered 46.2 million in 2014. They represented 14.5% of the U.S…

Cover Story

The Pros and Cons of Hospital-owned vs Independent O&P Practices

O&P News, January 2017
In choosing between joining a hospital-owned institution or opening an independent practice, O&P professionals have a multitude of variables to…

Research uses smart textiles to improve the lives of patients with neurological disorders

October 26, 2016
Investigators at the University of Rhode Island’s Wearable Biosensing Laboratory announced they are performing research to use smart textiles…

Meeting News Coverage

Prosthetics 2020 focuses on the future

April 27, 2016
WASHINGTON, D.C. —  During a presentation at the American Orthotic and Prosthetic Association Policy Forum, Michael Oros, CPO/LPO, FAAOP

Cover StoryPublication Exclusive

More Than A Number

O&P News, February 2016
With audits, budget cuts and the economy taking its toll, some O&P businesses are struggling to stay afloat. Although others are able to weather…

Cover StoryPublication Exclusive

Turning the Tassel: A Guide for Graduates Entering the O&P Profession

O&P News, December 2015
The O&P profession is on the cusp of change. Millennials comprise more than one-third of the U.S. workforce and with the recent transition to the…

Meeting News Coverage

Speaker identifies top reasons for billing claim denials

October 12, 2015
SAN ANTONIO – There are four common documentation errors that could lead to billing claim denials and audits, according to a speaker at the…

Worth Building

Taxpayers should not fall for new tax scam tricks by IRS posers

September 14, 2015
Although the tax season is over, tax scammers work year-round. The Internal Revenue Service advises taxpayers to stay alert to protect themselves…

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