The amount of healthcare data is growing at an astounding rate. Statistical significance is used by quality improvement administrators to determine whether differences in quality are likely to occur by chance. This data presents a valuable opportunity for healthcare organizations. Using healthcare data to build better quality improvement programs Health care organizations use data to…
Among the most significant updates to the medical code system are changes to the Current Procedural Terminology (CPT) codes. Due to their close connection to billing and reimbursement needs, falling behind in understanding these changes can quickly damage your organization’s bottom line. There have been 225 additions, 75 deletions, and 93 revisions to CPT 2023. The…
Today’s successful medical practice owners and administrators realize the importance of analyzing future trends in healthcare technology to plan for their practice. Understanding what changes may be coming, and the advances that are most relevant to your practice can help you keep your bottom line healthy during the healthcare technology boom, and your practice profitable…
A streamlined billing process is one of the most important parts of your practice and one of the most insightful ways to gauge your fiscal health. Medical Billing Reports provide valuable information regarding each claim, payment history, and other financial aspects of your practice. Running a wide range of reports should take priority, particularly at…
Prior Authorizations in practice Payers use Prior Authorization to control costs and ensure their members receive only medically necessary care, before providing specific services or items to a patient, providers must obtain payer approval in advance. Providers are now burdened with the process of obtaining prior approval for services. Group medical practice executives cited Prior…
Determine what impact The 21st Century Cures Act legislation was enacted with the goal of increasing choice and access for patients and providers in 2016. The law authorizes funding to address the opioid epidemic and improve mental health services. Current funding encourages expedited approval of new drugs, devices, and treatments. As of October 6, 2022,…
Malware attacks on healthcare up 121% in 2021, 22% of small practices and 45% of large practices have been victimized by ransomware. If you think your healthcare organization is safe from a cyberattack because you’re too small to be a target, it may be time to re-evaluate your risk. A recent survey found five percent…
A focus on the mechanics of interoperability may overlook its true intention: to create a portable, solitary record of patient health. Here’s what to look for when evolving toward patient-centric, smart interoperability. Providers make better medical care decisions when they have the information they need, where they need it. A significant challenge for medical decision-making…
Many organizations are still feeling the effects of the pandemic on staffing levels. Use staffing strategies, technology, and efficient workflows to keep your office running smoothly. We all know that the pandemic has affected our personal and professional lives in unexpected ways over the last two years, and experts indicate we will continue to feel…
Even before the pandemic, physician burnout was seen as a threat to the healthcare profession. According to the AMA, things were looking up before COVID, with the physician burnout rate dropping to 42% in 2019, down 4% from five years prior. A recent survey by the Medical Economics Journal reveals that professionals’ mental health has…
