Several changes are scheduled for the healthcare industry in 2015. These developments will have an impact on most of the medical practices, affecting the physicians’ incomes in varying degrees. Here are some of the important changes that practices will have to master to succeed in the coming year. 1. Implementation of ICD-10 According to the […]
Medical billing and coding can be described as the procedure where a hospital caters to the needs of patients and submit the physicians’ bills to insurance companies for claims reimbursements. In order to receive the billed payments for the services doctors provided, it is necessary for the billing staff to submit accurately filled forms. It […]
More patients mean more money but many practices are still not prepared for handling the patient influx caused by the Affordable Care Act. Due to the lack of skilled front-desk staff and physicians, providers have become uncertain about the future of their business. The shortage of skilled resources has put pressure on an already-taxed healthcare […]
There are several factors that determine whether a physician should run a private practice, get employment with a hospital or work in a group practice. Physician employment is increasing at a rapid pace; however, majority of physicians continue running a private practice in the US. According to a report by AMA, approximately 60% physicians worked […]
Healthcare professionals in the US have rapidly adopted social media. They are using this platform to connect with patients, provide health education, gather information and spread awareness about new advancements in medicine. Social media websites have transformed how medical information is shared and transferred. By using this platform for educational purposes physicians have been able […]
Physicians and insurance carriers complement each other. One can have a large influence on the other. In fact, it would not be incorrect to state that one can make or break the other’s potential client base. However, providers and payers usually follow the “you scratch my back and I scratch yours” policy. They know that […]
It has been observed that a large number of physicians in the US are losing control over their professional lives. Increasing workload, payment cuts and rising costs of running a private practice are making them feel stressed and frustrated. Young Physicians Opting for Financial Stability There has been an increase in the number of young […]
Social media has had a transformational impact on the US healthcare industry. Payers, as well as healthcare professionals, are Engaging Patients through Social Media. This has brought tremendous change in the outcomes and delivery of healthcare interventions in the US. Why is Social Media Taking Justify-stage? With the advancement in digital technologies, the impact of […]
Healthcare reforms, patient influx and downward pricing pressures from insurance companies have made it difficult to run a profitable clinic. It is important for providers to analyze their practice management system, financial standing, billing, and collections procedures. This will help to determine if their practice is reaching its full revenue potential. Observation and surveys reveal […]
One of the major focuses of the healthcare service providers undoubtedly is profit maximization and the ideal way to achieve this is through revenue management which can be accomplished by practicing few simple but very important steps. This essential aspect of the healthcare organization is the key role of the practice managers, who by applying […]
Connect with us by filling out this form. Let’s tailor a
solution that fits your needs perfectly.
