COVID-19 Impacts to Healthcare Sector Real Estate
by Brian Zelenka – Vice President Marketing Thanks to COVID-19, a majority of healthcare real estate expansion plans, and future decisions regarding real estate, have stalled. Social distancing, shelter-in-place mandates, and the success of telehealth mean fewer medical office buildings and hospital developments will plan to break ground this year. Even though many practices are […]
Seven Steps for Reopening Your Practice: A Checklist
Every day, more practices are moving towards reopening their offices and preparing to resume regular patient care. Ensuring the safety of patients as well as staff means there are a number of considerations to take into account. Do you ever wish you could consult a universal physician practice guide to reopening? You’ve come to the […]
Waiting Rooms Can be Fertile Areas For Product Sales
by Tobi Elkin Making products available for sale in medical practice waiting rooms is a growing trend, and while it’s been around for a while in dermatology, it’s increasing in other specialties. Direct-to-consumer product sales are helping medical practices boost the bottom line and diversify their revenue streams. But they must maintain a delicate balance […]
Know Your Leverage in Payer Negotiations
The healthcare sector is a highly competitive marketplace. A large part of medical practice strategy is successfully navigating partnerships — especially relationships with payers. CareCloud recently hosted a panel discussion with practice leaders from Northeast Florida to discuss how local medical practices are not only adapting to a more complex healthcare environment but also setting […]
Physician Entrepreneurship in the New Medical Economy
Value-based care, consumerism., big data, technology innovation and entrepreneurship. These are the primary market forces shaping the business of medicine for practices across the country. CareCloud recently brought together a group of medical practice leaders to dig into how are these national trends are playing out on the frontlines of American medicine. This article is […]
Goal Setting Needs to Be About More than Money
By Andis Robeznieks Changing physician behavior is an interesting art, according to David Fairchild, M.D., a director with healthcare consultants BDC Advisors. “It’s not necessarily about financial incentives — though people think if you pay doctors to do X, doctors will do X,” Fairchild explained. “But there also has to be alignment with doing the […]
Learn From These 4 Bad Habits Of Falling Behind Medical Practices
By Daniel Sabido The good news is that American medical practices are generally doing well. Together with UBM Medica, our 2017 Practice Performance Index research surveyed over 2,000 medical practice leaders earlier this year and found that 61 percent of practices are holding steady, and nearly 1 in 4 is a “high performer” — showing […]
5 Habits of High-Performing Medical Practices
By Daniel Sabido There’s a widening gap between medical practices in the U.S. – Some are falling behind, feeling overcome by the pace of regulatory and technology change, while many others are growing rapidly, finding opportunities for expansion in an uncertain market. What sets high-performing medical practices apart from those falling behind? What can we […]
How a Business Partner can be your Medical Group’s Competitive Advantage
Medical practices are learning to sweat the small stuff. From patient experience to evidence-based medicine, the trend is for medical leaders to pay attention to the small details when wanting to make improvements. Even minor optimizations can result in the better deployment of resources and ultimately produce a better experience for the patient in some […]
Delegating to Non-physician providers is Key for High-growth Medical Practices
By Emily Peters A study from the Medical Group Management Association (MGMA) shows one surprising key factor in practice success: the addition of non-physician providers and support staff. The findings are part of the MGMA DataDive Cost and Revenue Survey of 2,900 practice organizations and 40 specialties, which found that practice operating costs were increasing […]