More than 5,000 Doctors Share Their Profitability Challenges, Solutions and Forecast [Infographic]
Physicians report cautious optimism regarding their financial outlook improving despite ongoing industry challenges, according to the Third Annual Practice Profitability Index. Doctors are also taking action — investing in their practice operations to counter regulatory challenges, financial pressures, and administrative burdens. In this year’s survey of 5,024 physicians nationwide, 31% predict a negative trend in […]
Large Primary Care Group Cuts Denials and Boosts Revenue Per Patient by 20% [Case Study]
The Chief Technology Officer for a 15-provider, 6-site family practice, and urgent care group in New Mexico faced a challenge. After a period of growth and consolidation, it was clear that Atrinea Health would need a more modern health IT solution to drive greater productivity and profitability during its next phase. Read the story of […]
How to Avoid the 5 Most Common Mistakes Causing Claim Denials
The Medical Group Management Association (MGMA) found that better-performing medical groups average just a 4.05% claims denial rate. Is your practice’s denial rate above four percent? If so, it could be time for a checkup of your internal claims processing. Manual errors, input oversights and timing issues create more denials than many practices realize. Keep an eye […]
4 Key Takeaways from Our Expert Interview: TechnologyAdvice Podcast
Juan Molina, Director of Business Development at CareCloud, was a recent guest on the TechnologyAdvice Expert Interview Series. The series, hosted by TechnologyAdvice’s Josh Bland, explores a variety of business and technology landscapes through conversations with industry leaders. In this episode, we discuss EHRs, the cloud and interoperability. Below are Juan Molina’s biggest insights from […]
CareCloud Connect: Integrating Solutions for Practice Success
Q&A with Juan Molina, CareCloud Director of Business Development Q: What is CareCloud Connect? A: CareCloud Connect is our integrated partner ecosystem providing medical groups access to a variety of innovative solutions that complement CareCloud’s suite of products and services. Connect is a comprehensive collection of apps, services, specialty solutions, and clinical connections. Connect is […]
3 Best Practices for Healthcare Consumer Billing Statements [That Are More Likely to Get You Paid]
Effective billing statements — ones that increase the chances for prompt, full payment — are part art and part science. Statement colors, fonts, and a straightforward design can draw a greater response. There’s also research that shows it’s important to start with the healthcare consumer in mind (after all, the future of healthcare looks increasingly […]
How a Large Orthopedic Group Grew Monthly Cash Flow by 28% [Case Study]
Who doesn’t like a good story – especially one where you can learn from the success of a colleague? The 15-provider CORE Orthopaedic Medical Center in Southern California was struggling with its local billing service in late 2013. Mired in cumbersome workflows, weak analytics, and less-than-optimal financial results, they decided to take action. CORE’s Practice […]
5 Ways to Keep High Deductible Health Plan Patients Coming to Your Practice
How will the trend for more and more people with high-deductible health insurance plans affect your physician practice? After all, some experts predict patients paying a greater share of medical expenses could hesitate to come for care as often if — financially speaking — there’s more on the line for them. Education is a great […]
How to Connect: Large Physician Group Makes a Call on Telemedicine
Telemedicine can make sense when your patients come from far and wide, you offer unique expertise, or you’re looking to add an ancillary service to your growing medical group. And with telehealth’s reach expanding, the 143,000+ member strong American College of Physicians offers advice for doctors considering connecting with patients remotely. Their take on telemedicine […]
Boost Your Practice Revenue by Focusing on Key Metrics
If you’re like most providers and practice managers, you’re already busy enough keeping up with the day-to-day operations. But monitoring your practice’s financial performance remains vital to your medical group’s success as a business. It’s not only worth investing your time, it’s critical that you do it. One of the top reasons practices lose money […]