The Latest Healthcare Insights
Anything you can do to improve the way your practice runs, however small, can help you breathe easier under the pressure — and retain or regain a measure of control. Every practice can be improved. Here are several ways, both large and small, that you might go about improving things.
As health care organizations aim to tighten their business processes to drive revenue and increase cash flow, specialty practices sometimes find themselves behind the curve, unsure of where to begin to improve performance. Part of the reason is there are some common misconceptions about the revenue cycle and the best ways to optimize it.
To maximize their reimbursement rates, today’s healthcare providers must take control of revenue cycles, and that requires optimizing three particular areas: estimates, claims, and collections.
In order to help their patients, healthcare providers need to buy equipment, pay salaries, and spend money to maintain an effective, efficient customer experience. Revenue is what makes healthcare work, so preserving revenue should be a main priority for healthcare administrators.
In today’s fragmented digital landscape, health systems are having difficulty connecting with patients. This is leading to a potential decrease in patient acquisition — and ultimately less revenue. With physician and health system information living across a variety of places and devices, patients are having trouble finding the right healthcare information in moments that matter.
The title of the article may look unrealistic but you may find an answer towards the end. Revenue Cycle Management (RCM) has been a problem area for many practices and most of them leave the money on the table without even realizing that they have a problem.
Medicare is undertaking a significant update to how it pays for physician services. As is typically the case with Medicare, privately managed Medicare will likely follow suit. It is important to understand the details around the MACRA as it will impact many of our health plan clients.
In an effort to increase access to affordable healthcare coverage, the Trump Administration on Thursday morning proposed a new rule that aims to expand access to certain associated health plans. The rule is meant to stir competition in the health insurance markets.
Within the rule, small businesses and those who are self-employed will be able to work together to obtain affordable health insurance. If enacted, this rule would change the way “employer” is referred to under the Employee Retirement Income Security Act of 1974. By doing so, more groups would be able to form health insurance plans under the Affordable Care Act.
Experts analyze that the proposed rule would actually hurt the individual health insurance market, since these associated health plans that would be made would not be under the same regulations and protections as other health plans in the market.
Read the original article from Modern Healthcare here.
As competing priorities emerge, it’s getting tougher and tougher to find the time and resources to effectively manage today’s revenue cycle processes.
As we help our clients with their internal campaigns, we hear the same cries for help during interviews and focus groups and watch as employees become unstuck when their leadership starts implementing ways to address employee engagement. Here are a few ways you can refocus your attention on the real measure of ROI in your organization—your people.
Here are some common features of medical billing software that can contribute a lot to increasing practice efficiency:
When it comes to running your practice more efficiently, maintaining a steady cash flow and driving revenue, you must make healthcare revenue cycle management a priority.
“Being a Practice EHR Channel Partner allows Revenue Management Corporation (RMC) to offer my customers an easy-to-use, billing integrated, specialty-specific EHR platform for an extremely competitive price.”
Green Stick Marketing, a Virginia Beach-based agency specializing in digital marketing for small commercial enterprises, announced today...
Are employees of medical practices often overworked? Yes. Is there anything you can do about it? Yes. You may not be able to reduce your number of patients (nor would you want to), or make compliance easier or decrease the number of back office tasks that need to be done, but you can streamline some of your most time-consuming tasks.
