When clinical reimbursement is declining or stagnant, every minute spent balancing administrative tasks amid clinical responsibilities becomes an opportunity. Inefficient workflows evolve from less than optimal decisions made among limited resources over time.
An answering service helps triage patient calls and also relays time sensitive messages and consult requests from other providers. Choosing an answering service is an important decision for a medical practice.
Rising Costs of IT Systems and of Data Collection Prohibit Analytics Making Rate Negotiations and APMs Difficult to Impossible
Independent physicians are frustrated with a perceived lack of power when it comes to payer contract negotiation and it may start with IT costs. Implementing a new EHR may cost a solo physician practice upwards of $150,000 with ongoing annual fees over $50,000 per year.
Projects frequently fail or stall out due to vague goals and metrics, leaving organizations with a lot of time and revenue invested in a project that isn’t pushing towards business and revenue growth. The best way to know if you are successfully reaching your desired outcome is to have a defined metric that measures the impact of a process or technology change.
Each year CMS updates the MIPS program to include more flexibilities for practices and rebalancing of the program. Here are a few highlights of what’s new for the 2022 reporting year.