5 Medical Billing Mistakes That The Most Profitable Practices Avoid
Avoiding all medical billing errors may be impossible — especially in busy offices where details can get lost in the shuffle. However, by focusing on stopping the most common medical billing mistakes, you can make the most of your staff’s time and maximize practice revenue. Medical billing experts Alice Scott and Michele Redmond identify common […]
What is predictive analytics and why does it matter?
Thanks to the power of big data, healthcare organizations now have access to troves of data and analytics that can ultimately help executives make decisions that put healthcare systems on the best path forward, meet patient demand, and prepare for future industry changes. However, leveraging that historical data into meaningful, actionable insights can be challenging […]
9 Habits That Are Impacting Your Reimbursement
In nearly every other industry, a customer or client pays before services are rendered. But healthcare is a different animal entirely in that payment is made after services are rendered –and the billing cycle often takes months to complete. The healthcare reimbursement process requires complicated steps and, at each turn, the risk of delay lingers. […]
5 Signs Your Data Isn’t Helping You
Healthcare practices now have access to a trove of data that can be leveraged to help optimize operations and ultimately boost profitability. That data can be used to reallocate resources to different areas of the business, identify shortfalls in the revenue cycle management process, adjust staffing levels to meet demand or save on personnel costs […]
Four Consequences of Poor Revenue Cycle Management
In the highly regulated and fast-paced environment of healthcare, making sure your practice secures revenue and reimbursement should be top of mind. However, this task shouldn’t be needlessly difficult and time-consuming. Thankfully, revenue cycle management (RCM) support services can help fill in the gaps in your administrative billing processes, so you can focus on what really matters, patient care. Revenue cycle management can be time-consuming […]
Six reasons why you should migrate to a cloud-based EHR
In today’s digital world, migrating to the cloud is a no-brainer when you consider the cost savings, security, privacy, scalability, interoperability potential, deployment, and efficiency. Considering these benefits, it’s no wonder why EHR solutions top the list of services that healthcare IT executives want to migrate to the cloud. According to a 2020 study, nearly 60% of small hospitals said […]
The Pros and Cons of Patient Consumerism
Patient consumerism is taking hold in healthcare; a combination of care accessibility and greater access to digital information pertaining to providers, conditions, diagnoses, and treatments has emboldened twenty-first-century patients. With readily available medical information online, physician reviews, mobile apps, and other technology, patients have become more empowered than ever before. The healthcare consumerism trend is transforming health […]
Three ways to excel in today’s fast-paced digital age
The digital age has yielded incredible advances in technology – advances that have provided incredibly positive outcomes both at home and at work. Progress, however, comes at a price. The proliferation of the internet has driven consumer-minded patients to expect even more from their healthcare providers. As consumers, patients expect you to utilize the same […]
Prioritizing non-essential care with virtual solutions
In March of 2020, the CDC asked physicians to triage non-essential care in order to reduce the risk of COVID-19 exposure. Fast forward to our post-pandemic landscape, and in order to provide quality care for marginally healthy groups, many physicians have adopted virtual solutions. Virtual care gives physicians risk-free, reliable ways to offer non-essential care whenever […]
6 Telehealth Capabilities You Shouldn’t Overlook
So, you’re shopping for new telehealth technology. Whether you’re taking your practice digital for the first time or you’re looking to replace your existing solution, make sure to add the following capabilities to your must-have list. Reimbursement eligibility Easy patient access HIPAA Compliant Quick appointment management Integrates with your practice management & EHR systems Affordable There are countless telehealth providers out there, all offering technology to you at […]
