Healthcare is an ever changing and competitive environment; where pathologists are not barred from bearing the brunt of these changes in form of unique challenges and anxieties. These issues could be related to revenue cycle management, compliances, contracts and/or growth. And to keep up in this altering scenario, pathologists too need to be well-trained like a specialist as in any other medicine specialty. Continuous innovations in technology require pathology business leaders and practice administrators to ensure that no money is left on the table and work towards maximizing the compensation of pathologists.
Challenges in Pathology-
Various issues become a part of the Pathology practice management and can greatly hamper the billing and coding for the practice, thus resulting in lower reimbursement. This hits the bottom line of the practice, having it run into losses. Pathology services are associated with a stream of tests to be conducted for the diagnosis of a disease. After these tests are conducted, the physician begins the apt treatment for the patient. It is the physician, many times, who decides which pathology service should the patient use. If the pathology company notices that they are beginning to lose business on a regular basis, it's time for up gradation of skills and practice. This indicates that pathologists need to be fellow-ship trained in dermatology, urology, hematology etc. The pathology practice needs to tap into specialty expertise for gaining references and movement for an increase in the revenue cycle.
Pathology practice management leaders need to identify ways to step up their practices for enhancing their revenue cycle by ensuring better reimbursements. Pathology services often suffer from payers’ payments as the latter tends to get deep into contracts and not pay for things they were paying for in the past.
Therefore, measures to enhance the pathology practice management are:
Managing and practicing pathology implies creation of opportunities, growing the practice and providing expertise to the community. Including consequential training in pathology practice management and informatics to satisfy the requirements of skillfulness in pathology will prove beneficial.Back