3 Key Things Medical Practices Are Doing To Get Ready For MIPS/MACRA
By Polly Friend, RN, Senior Director of Clinical Strategy, CareCloud In 2017, there were two tracks of MACRA to choose from: MIPS, the merit-based incentive payment system, and APMs, an advanced alternative payments model. Most providers were, by default, placed in the MIPS program, and providers put in a lot of hard work to avoid […]
Convenience + Revenue Growth Make Telemedicine A Win-Win
By Tobi Elkin Imagine the benefits: Patients don’t have to take time off work or school to come into the office for consultations, follow-up appointments, to obtain lab results, or post-operative guidance. Physicians have more time in their schedules for new patients and those who must be seen in person. Telemedicine can meet many different […]
The Top 5 MIPS Questions Answered
By Polly Friend, RN, Senior Director of Clinical Strategy, CareCloud On November 2nd, the Centers for Medicare and Medicaid Services (CMS) released the 2018 Quality Payment Program (QPP) final rule outlining how physicians will be held accountable under year 2 of the MACRA (Medicare Access and CHIP Reauthorization Act of 2015) law. While many practices […]
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 […]
Technology Makes Me a Better Doctor, Entrepreneur, Person
By Elson Lai, MD I’m probably biased. My residency program was one of the first to be entirely electronic. I graduated as an ophthalmologist having never used a paper chart. When I started my medical career by joining an established practice, it was a shock to see their struggles with technology. The technology issues at […]
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 […]
Measuring Patient Care in the Age of Value-Based Payments
By Andis Robeznieks Healthcare’s movement from volume to value-based payments continues forward even as Congress endlessly wrestles with whether it will repeal, replace, or repair the Affordable Care Act. Part of this movement is an increased focus on improving patient engagement, satisfaction, and experience and then linking physicians’ reimbursement to those elements. Trepidation is high, […]
