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The easiest way to improve how you manage your practice is to improve how you measure it. If you are collecting key data and using actionable reports, you will see areas where your practice can improve efficiency and increase profits.
For physician practices and medical billers, there’s nothing more frustrating than a denied claim. The work was done but, through some technicality or minor coding error, the payer refuses to pay. Practices must resubmit their claims with the hope that
A recent study commissioned by the American Hospital Association (AHA) found that the Centers for Medicare and Medicaid Services (CMS) significantly underestimated the cost of establishing an accountable care organization (ACO). The findings were shared in a letter sent to
When a patient misses their scheduled medical appointment, it affects more than just their health – it affects a physician’s bottom line. The risk of medical complications from patient no-shows is very real, but it can be expected; what may
As the date to switch to the ICD-10 diagnostic coding system gets closer, medical practices have one question: How much is implementation going to cost? Nachimson Advisors, LLC was retained by several healthcare organizations to answer that very question. After
As the healthcare industry gets increasingly more complicated, it seems the people suffering the most are the patients. However, this doesn’t have to be the case. In fact, there are a few simple ways to not only improve the patient
Hello, Internet! First of all, let’s start with an apology: it’s been a little while since we last updated the blog, but not for lack of ! We’ve been extremely busy around here. Between winning IBM SmartCamp Silicon Valley,
Foreword: Remember that friend of yours, the one that just doesn’t ‘get’ Twitter? The one that talks about how it’s a useless frivolity and a passing fad? We all know at least one. Some people wouldn’t know the future if
