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Thursday October 9, 2014
Tips to Improve Patient Experience and Profitability at Your Practice
Patient satisfaction plays an important role in enhancing physician reimbursement. Sadly, majority of practices have not yet acknowledged the significance of this aspect. They fail to realize that patients want more than just accurate diagnosis and appropriate prescribing. In order to increase revenue and profitability, physicians need to provide a positive experience and establish a good relationship with the patients.
Industry Facts:
  • According to the Medical Group Management Association (MGMA), approximately 80% of “better performing” practices make use of patient satisfaction surveys
  • As per the Cleveland Clinic survey, around 85% patients said that there was at least one factor about their doctor’s clinic that affected them Read More...

How Can You Devote Time Towards Improving Patient Experience?

These solutions can be implemented only when physicians strike a right balance between clinical and admin tasks. Considering the current scenario of the US healthcare industry, practices are finding it difficult to devote time towards improvement of patient experience.

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Overcoming Challenges in Value-based Reimbursement Adoption
The United States of America lags behind Germany and Hungary in successful implementation of value-based payment models. Here are some of the challenges related to the adoption of value-based reimbursement:
Industry Facts:
  • According to a report by Kaufman Hall, value-based reimbursement accounts for less than 10% of the total revenue at three-quarters of US hospitals in 2014
  • As per a report by Boston Consulting Group, the United States (with the highest per-capita costs) ranks third in the use of value-based care Read More...
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