The healthcare landscape is changing drastically and most practices in order to survive will also require making changes. Whether a practice is participating or not in an ACO and other innovative payment models; no matter the size of the set-up; all medical practices will eventually require finding ways to adapt to the increased number of insured patients.
Industry Standards State
With the Affordable Care Act more than 30 million individuals are expected to gain health insurance
Considering the upcoming influx of newly insured physicians need to rethink their patient flow and find a solution which suits their set-up, to ensure smooth flow of operations and returns. Moreover they will also need to look into practice management issues to avoid penalties and earn population-management bonuses.
Steps a practice can take to adapt to this change
With the expected increase in patient population various practices are thinking of adding physicians, physician assistants or nurse practitioners, however for continued profitability there are various other developments which will have to be considered-
Evaluating areas of the practice-
Better patient care at you practice -
Avoiding common mistakes as your medical practice expands-
Besides these practices can assess and document improvement in health of practice’s population and inform patients about the changes like – improved care, additional capacity or new services added to the practice, and so on.
In the end practitioners need to understand change requires good planning however there may be a few things that cannot be foreseen. In this case the practice will need to recognize this problem quickly, and resolve it as soon as possible to ensure patients satisfaction hence guaranteeing continued patient flow and high revenue in the future.
Medicalbillersandcoders.com the largest consortium of medical billers and coders across all 50 US States has been successfully providing medical billing services for over a decade now. MBC’s experts with their in-depth industry knowledge can help practices adapt to higher patient volume by assisting practice’s determine areas of improvement.
Our clients can easily concentrate on improving their practice management as they rely on MBC for optimized billing services, well informed decisions, and improved communication. Our team with their years of industry experience can also assist in negotiating higher rates with payers and offer guidance to help gain incentives and bonus payments - an essential to remain successful in the changing US healthcare industry.