Increased competition, lower reimbursement and evolving patient preferences are just a few of the many, many challenges making it harder to thrive as a medical practice, and a global pandemic certainly did not make things any easier. To continue standing out in such a crowded field it is important for providers to renew their focus Read more…
DOs and DON’Ts of Physician Contract Negotiations
Despite minting large sums gleaned from tuition fees and massive student loans, medical schools continue to be ineffective in teaching aspiring physicians elaborate strategies required to actually achieve success in their field. Arguably, the pursuit of this profession is primarily driven by the noble aim of helping humanity in times of sickness; this altruistic undertone Read more…
A Guide to Improving Patient Satisfaction Scores
Physician reimbursement rates continue to fall, while what little reimbursement they do receive is tied heavily to patient satisfaction scores. While this might once have been a problem that only hospitals had to worry about, it has now come to affect practices of all sizes; and getting those scores up is becoming harder than ever.
The Most Popular Websites for Patient Reviews
Finding the perfect doctor for your needs can be a long and arduous process. A patient-physician relationship is a delicate and extremely private one; it takes a great deal of time and trust to build. Naturally then, most patients prefer to do their own extensive research before taking the first step and booking an appointment. Read more…
7 EHR Features That Can Help to Eliminate Medical Errors
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…