More patients than ever before are showing an interest in having access to their medical records; one survey shows 92% of respondents indicating the importance of this. As a result, patient portal usage rates have steadily been increasing over time – 40% currently use them when available – though even those not yet using them Read more…
9 Ways to Improve Your Revenue Cycle Management
In today’s rapidly evolving healthcare landscape, integrating artificial intelligence into revenue management processes is essential. Leveraging AI can streamline claims processing, reduce denials, and enhance revenue outcomes. According to Global MarketInsights the projected market value for healthcare revenue cycle will be over $275 billion in 2028. This staggering figure shows how vital revenue cycle management is for healthcare Read more…
When to Refer a Patient to a Fellow Provider
A referral is a common and necessary medical practice. In some situations, a physician is not capable of providing a patient the care they need, and the best choice is to refer them to a fellow physician that might be better equipped to help. Referrals are the ideal route for physicians to ensure a smooth Read more…
3 Tips for Optimizing Your Healthcare Website
Most people use the internet when looking for local businesses relevant to their requirements. They do the same when they need information pertaining to healthcare. 55% of consumers use the internet or mobile apps to compare between providers when looking for healthcare services, according to the United Healthcare Consumer Sentiment Survey for 2020, a drastic Read more…
Breaking the Smartphone Addiction in Medical Practice Staff
In 2011, an attending at a hospital ordered a prescription for a PEG tube replacement. Just as the resident was about to enter the prescription into the Computerized Physician Order Entry System (CPOE), she received a text message from a friend. On day four, the patient suddenly required an emergency open-heart surgery. The resident had Read more…
Patient Satisfaction: The Most Significant Factor in Ensuring Practice Growth
As the healthcare ecosystem continues to change for the better, patient satisfaction has become more important than ever. Not only are patients now more involved in their healthcare decisions, but they also find themselves at greater financial risks associated with care. They are more likely to compare practices in terms of healthcare services, which means Read more…
Sustaining the Survival Value of Independent Practices
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…
Boost Patient Acquisition with High Converting Content Framework
One prominent aspect that healthcare consumerism has greatly influenced is patient empowerment. Thanks to digital tools and platforms, patients can near-instantaneously cross-compare products and services, post reviews and the content posted by providers to hlelp people make informed decisions. This has also enabled providers to evolve; allowing them to attract new patients by optimizing patient 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…