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Tuesday August 19, 2014
70% Doctors Spend more Time on Paperwork - How is your Practice Coping?
According to Practice Profitability Index (PPI), the percentage of doctors spending more time on paperwork increased from 50% to 70% in 2014. In order to boost patient engagement, physicians need sufficient time to focus on providing care. But, with implementation of the long-anticipated healthcare reforms, they are spending more than one day in a week on paperwork rather than on patients.
Industry Facts:
  • According to PPI, nearly 23% of physicians spend more than 40% of their time on administrative tasks
  • 40% physicians were of the view that patient engagement programs aimed at high-risk patients will hold great promise for the performance of their practice Read More...

MBC Helping Practices Strike a Balance has been helping practices improve productivity and lift their administrative burden.

  • MBC frees up a doctor’s time so they can concentrate on documentation
  • Claims denials rate is minimized and revenue is maximized
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MBC Billing Solutions = More Focus on Patient Care + Reduced Paperwork
90% Solo Practices to Outsource Billing by 2016 - How will this Enhance Profitability?
In the next two years, around 90% of solo and small physician practices will outsource their billing needs, according to a 2014 report by Kareo’s Black Book.
Industry Facts:
  • 42% small practices with an in-house billing team plan on outsourcing billing requirements by 2015
  • Of the small practices planning to continue with an in-house billing team, 82% hope to integrate billing, practice management and EHR with a single vendor in next two years Read More...
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