The healthcare industry is complex, operates and undertakes high-stakes work where mistakes can equal any great revenue loss. That is the reason why so many hospitals are embracing the values of high-reliability organizations. The paradigm works remarkably well in the promotion of patient safety and efficient healthcare delivery. High reliability organizations are organizations with systems […]Read More.. 5 Principles for Highly Reliable Healthcare Organization
Patient communication at all levels in a healthcare system is proportionate to the increase/decrease in revenues. This is especially true in the case of patient interaction with pharmacists. In this article, we discuss the ways in which revenues can be enhanced by way of patient communication especially when there have been cases of dissatisfaction where […]Read More.. Talk To Me!! How Revenue Could Be Affected By Patient Communication?
Health literacy deals with a patient’s ability to obtain and process the health information for taking their health decisions; and to imbibe this understanding in the patient, pharmacists play a major role. As this is the last interaction in the chain of healthcare before patients begin to take their medication, the pharmacists must counsel effectively. […]Read More.. How Effective Counseling Skills Affect Revenue For A Pharmacist?
Acing pharmacy billing ensures efficiency of handling patients and adding revenue of the pharmacy. With the help of automated systems, pharmacy billing will be able to process claims faster, with more accuracy and should be streamlined. The practice of pharmacy billing today requires the suitable resources like operating and technological systems to enhance the productivity […]Read More.. 5 Pharmacy Billing Mistakes Most Profitable Practices Avoid
The quantity of administrations provided by doctors, clinics, and nursing homes to their patients is consistently expanding. Each time patients are given treatment and care, they owe a specific amount to the healthcare service provider in the form of reimbursement. Same is the process with Pharmacy facilities, as channelizing repayments without affecting their facility is […]Read More.. Pharmacy Billing: Channelize Your Reimbursement Without Affecting Your Facility
Pharmacies today are home to various financial challenges that result from their limited role, rising medication cost, complex contracts with insurance providers and ever-evolving regulatory policies that tend to work in favor of the patients. They often face cost pressures that impact their revenue cycle management. While focusing on various aspects of running a pharmacy […]Read More.. Pharmacist Reimbursement: Tips to Improve from the Leaders
Modernizing pharmacy is the new way to help industry to adopt scientifically sound novel technologies that helps manufacture quality medicines that are consistently effective and safe. Technology changes in pharmacy are not a new thing; but there was a hesitation of adopting the technology. Gradually the industry now embraces the information exchange via drug bar […]Read More.. New Technology to Improve Pharmaceutical Industry
Drug therapy, compared to hospital treatment and the surgical procedure is more coherent of medical treatment. According to the recent analysis of Kaiser Family Foundation, the per capita expenditure on healthcare is expected to rise from $9,695 in 2014 to $15, 618 in 2024 with an annual average growth of 5%. When the U.S. policy […]Read More.. Pharmacy Benefit Manager: Performance Benefit and Ineffective Management
Today Pharmacists have transformed their practice from just being dispensers of medicines over the counter to providers of healthcare. They are increasingly providing direct patient care based on a scope that is directed in the states in which they practice in a variety of settings right from inpatient, outpatient, and community pharmacies. The most accessible are […]Read More.. Five Innovative Approaches to Improve Your Pharmacy Billing
Pharmacies practice their specialized clinical and advanced training that allows them to evaluate, monitor and adjust drug therapy while working in close collaborations with physicians and patients. Clinical services like medication monitoring, adjusting doses and regimens, and sometimes even changing prescriptions are some of the important functions that a pharmacist is trusted with on the […]Read More.. Importance of Accurate & Ethical Pharmacy Billing