The trend is overwhelmingly in favor of clinicians joining large employed networks. This trend can leave independent medical practice leaders feeling isolated. And that isolation can further feelings of burnout and encourage incremental market consolidation.
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.
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.
Healthcare has gone digital. Looking at technology solutions to free up resources to focus on patient care is typically the first step and the first mistake.
Here are a few steps that practices need to take to comply with the requirements for Good Faith Estimates.
Putting together a cohesive set of processes to reduce patient no-shows can be challenging and time intensive, especially for busy practices. But, doing so is critical to both optimizing revenue and increasing the quality of patient outcomes.
This is the 3rd installment of the No Surprise Act series where we will take a look at how the rule applies to the emergency setting.
