Telehealth, EHRs, and rapidly advancing medical technology has contributed to improving population health, but most of these solutions still tend to focus on a single patient encounter. A visit to your doctor today for a chronic complaint, is likely helpful, but one visit may not be enough to keep you healthy. This is considered reactive…
As more people continue to seek medical care, healthcare delivery evolves to meet the rapid changes. AI, SaaS, and the ever-changing EHR already impact patients and practices, and things are not slowing down. Working to retain not only your patients, but your employees as well, is essential to your practice’s future. In today’s climate, the…
Many private medical practices find year-end taxes to be a real pain, but end of year tax wrap up also is the best time to start planning your practice purchases. Utilizing IRS Section 179 to your practice advantage is one way to minimize tax burdens while growing a business. Understanding Section 179 is an important…
Successful medical practices concentrate on quality of care, and the level of expertise of their practitioners. Billing is not typically a first consideration. Medical billing, however, fuels a health organization’s daily operations; therefore, warrants a better look and deeper dive. What can practices do to minimize losses, ensure timely reimbursements, and collect payment? Here’s how…
With stagnant reimbursement rates for fee-for-service, and medical cost inflation, the value-based care model (VBC) is increasingly present in health care organizations. To have success in a VBC environment, practices should embrace patient engagement as a foundational capability. Engaging patients not only keeps them healthier and prevents patients from requiring costly care or potential hospitalization,…
Most medical providers agree that prior authorization processes are overused, exploitative, and present both administrative and clinical concerns to physicians and patients alike. A physician’s healing hands can be tied by prior authorizations: Excessive prior authorization steps complicate clinical treatments. When a doctor and patient agree on what’s best for a patient’s health, many times…
The efficiency of a healthcare organization’s medical billing is a key player in their financial stability and success. With the advent of massive changes facing today’s medical practices, the demand for streamlined third-party billing solutions is strong, and the numbers agree – outsourcing may be the answer. Drivers of the outsourcing boom Outsourcing medical billing…
Healthcare technology is evolving. Digital and telehealth services continue to expand at astronomical rates and these changes are here to stay. Because this unprecedented growth extends to the healthcare cyberattack surface, the expansion also exposes the vulnerabilities and weaknesses of a healthcare organizations’ data. Partnering to manage cyber risk… Many healthcare organizations lack the executive…
Healthcare budgeting determines the scope of funding requirements, including operating costs, and capital expenditures. Health Information Management (HIM) departments are often underfunded expenses that can negatively affect a healthcare organization’s bottom line when mismanaged. Managers of HIM budgets deal with projecting budgets that estimate revenues and expenses over time. Management and Release of Records are…
For healthcare providers, maximizing revenue potential necessitates efficient insurance claims denial prevention strategies, and protocol. Managing and resolving claim denials is an essential responsibility of your revenue cycle team. However, the prevention of claim denials requires participation from physicians and administrators alike. Substandard denials management leads to financial pitfalls for any practice. Revenue cycle delays…
