Small and independent practices are struggling hard to maintain survival, despite offering better, cost-effective, and personalized care to the patients. Small Independent Practices (SIPs) are always struggling to maintain their survival value. Their concerns range from low reimbursement rates to exclusion from networking. This is mainly why SIPs are disappearing at a startling rate, chiefly Read more…
3 Negligence and Malpractice Traps in Medical Billing
While extreme damages are rare, healthcare malpractice is a serious threat to any practice, one that should be avoided at all costs. Malpractice, fraud, and negligence are all mistakes that can land providers in hot water, legally, and this applies to all facets of being a provider. Billing is an area that is particularly dangerous, Read more…
Strategies to Correctly Evaluate and Reduce Costs Per Patient Acquisition
Cost per Patient Acquisition (CPA) is a strategic metric healthcare organizations use to gauge the total average resources spent to acquire a new patient. It is essentially performed to improve marketing techniques and direct them towards an ROI (return on investment) focused approach to ascertain, and eventually maximize, patient acquisition and retention rates, as well Read more…
Appreciating Support Staff: Why and How?
The U.S. unemployment rate remains at historic lows, declining further during the current pandemic. According to BLS stats, the unemployment rate dropped to 11.2 percent in June 2020. Despite the downward trend in the unemployment rate, employee turnover remains a daunting challenge for employers. According to the 2018 North America Mercer Turnover Survey, an average Read more…
Why Medical Practices Should Embrace the EHR Dashboard
EHR dashboards have evolved as a necessity for the efficient functioning of medical practices. Although they are often overlooked as an essential tool for providers, EHR dashboards offer valuable insights that can benefit the practice in ways more than one. EHR is widely acknowledged for offering an integrated platform for functions beyond digital data storage Read more…
Key Tips for an Exceptional Practice Manager
Efficient management of healthcare facilities has always been a high priority for all healthcare professionals, and rightly so. The recent explosion of telehealth visits, however, has made it a more important aspect of healthcare than ever before. The role of the practice manager, which has always required a high degree of operational knowledge and experience, Read more…
Guide to successful EHR implementation
It is true that no modern healthcare practice is complete without an Electronic Health Record. It is just as true that any benefit a practice is able to derive from their system will depend entirely on successful implementation. Performed incorrectly, EHR implementation can create many difficulties that are then difficult to resolve. With successful implementation, Read more…
How to Deal with Out of Network Patients
While it may not be something that happens all the time, it is still prudent for practices to be prepared for situations where they encounter an out-of-network patient. Preferably intake procedures will identify these issues early enough for them to not be a problem, but mistakes happen and some of these patients will always sneak Read more…
3 Simple Tips to Improve Your Medical Bookkeeping
Any healthcare professional will likely spend most of their time caring for patients, which can lead to neglect in certain other areas. One of these areas that are often neglected is bookkeeping. Most physicians would prefer to focus on patient care, rather than the tedious tasks that come afterward. However, a medical practice is also Read more…
6 Ways to Grow Your Practice Through Funding
Alternative small business funding provides a fantastic opportunity for providers to attain the extra capital they need to grow their practices. Alternative practice funding is available to practices of any specialty. The majority of these loans are best suited to newly licensed physicians looking to start their practice or established physicians looking to dip into Read more…