Staffed by some of the best clinical professionals in the entire world, the US healthcare system is, unfortunately, still plagued by medical errors. A 2016 study by Johns Hopkins showed there were more than 250,000 deaths attributed to medical error per year over an 8-year period, nearly 10% of all deaths, earning it third place Read more…
3 Ways to Follow Up with Missed Payments
COVID-19 has brought about a global recession. Considering how poorly the world was prepared for the pandemic itself, its safe to say that most people were not prepared for the financial crisis, either. For medical practices this means expenses go up, and revenue goes down as patients struggle to pay. In the absence of an Read more…
5 Reasons Advance Care Plans are Better For Patients
End of life discussions with patients can be incredibly difficult for physicians. Some view it as a failure; the care they provided was not enough to save the patient’s life, not considering factor such as the illness, condition or patient age. For others having these discussions is simply too uncomfortable to stomach. These conversations are Read more…
4 Steps to Improve Cashflow at Your Practice
The healthcare industry was hit hard by the COVID-19 pandemic. With fewer patient visits, revenues fell to historically low levels, and now, with the pandemic continuing, providers are still struggling to improve cashflows and collections. With healthcare reimbursements evolving, providers must adjust and focus on doing what they can to increase payments and reduce A/R Read more…
3 Reasons your Mental Health Practice is Struggling to Collect Patient Payments
The healthcare industry is locked in a never-ending struggle with collecting payments. The burden placed on patients is growing, with rising insurance deductibles and premiums increasing the difficulty faced by patients to actually make their payments. According to a recent report by the Kaiser Family Foundation, nearly half of all insured adults in the US Read more…
Three Ways to Ace the MIPS Quality Category
The MIPS Quality category makes up 30 points of a clinician’s total MIPS score. Quality is reported for the whole year, and a clinician must report a minimum of six Quality measures to meet MIPS reporting requirements. Data completeness remains at 70%. A high Quality score is vital for avoiding the negative penalty deductions, with Read more…
How Value Based Care Increase the Care Quality
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…