Value-based healthcare is a care delivery model where providers are paid based on patient health outcomes. It is designed to improve the quality of care patients receive by incentivizing providers to do focus on delivering high-quality care rather than serving the highest possible quantity of patients. This is achieved by making a few changes to Read more…
7 Tips for Young Physicians with Student Loan Debt
Medicine is not an easy field to get into. Medical school is tough, and the student loan debt accrued through attending can be an even greater challenge to overcome. For young physicians, at the start of their careers, the going can be tough. The pay isn’t always great for fresh graduates and the looming specter Read more…
6 Areas to Work on to Reduce Physician Burnout
Physician burnout has been a growing problem in the healthcare industry for some time now. While the COVID-19 pandemic did exacerbate the issue, burnout among physicians had been growing even in the years before. The growing realization of this problem and the increased enthusiasm for finding solutions at a systemic level is encouraging, there is Read more…
3 Billing Codes Every Physician Should Know
Physicians and practice managers are always on the lookout for ways to increase revenue. One of the ways practices miss out on revenue is by not always billing for services that have been provided. Coding mistakes are common, be it from a lack of understanding of when certain codes should be used, or due to Read more…
Important Marketing KPIs for your Practice
Most providers are, understandably, not experts when it comes to marketing. Not much use for marketing study in medical school. It is also likely that very few have an MBA in addition to their MDs. However, once running a practice, there are a few marketing metrics that it is beneficial to know about; these can Read more…
4 Benefits of Online Patient Payments for Your Practice
In this modern digital age, customers are accustomed to paying their bills online. Utilities, credit card bills, internet, etc. can all be paid online through apps or a web page. This begs the question: why should healthcare payments be any different? Surveys have shown that nearly 70% of respondents would prefer paying their medical bills Read more…
Using Telehealth to Engage Senior Patients
Senior patients have, by and large, embraced telehealth. Surveys have found that over 60% of Medicare eligible seniors enthusiastically took to telehealth during the pandemic, and that senior usage of telehealth services increased by 300% over the course of the pandemic. Telehealth has, in many ways, already gotten senior patients more engaged in their healthcare; Read more…
3 Benefits of Automated Payments for Specialty Practices
Collecting payments can be difficult and complex for specialty practices. Receiving timely payments, managing and coordinating all the different types of payments used by patients and communicating with patients effectively are just a few of the challenges specialty providers have to navigate. This leads to cash flow issues and inefficiency in the practice as a Read more…
4 Simple Steps to Reduce Denials In Your Medical Practice
Economists had already predicted a recession in 2020, and the arrival of a global pandemic only made things worse. Unemployment rose and companies were forced to close doors, putting many under severe financial stress. Healthcare practices were certainly not immune to these problems, so casting an eye over your billing process to ensure problems are Read more…
3 Mistakes to Avoid When Selecting Your Medical Billing Software
Healthcare providers are increasingly harnessing the power of technology to automate their billing processes, reduce billing errors, and improve the overall productivity and profitability of the practice. There are three common needs that healthcare practitioners identify when seeking medical billing software. That includes ease of use, ease of integration, and ease of scaling. Regardless of Read more…