How Innovations in Cohesive Practice Management Software Are A Game Changer for Any Ophthalmic Practice

2022 is not quite finished yet, but you’ll want to spend some time considering what’s ahead in the coming year for your medical organization. After all, it’s best to be as prepared as possible for upcoming requirements that will have a big effect on your practice and the way you do business during the next two years of the Biden administration.

Savvy owners and operators of medical practices know that it’s prudent to periodically look ahead to the future of healthcare technology trends. The idea is to carve out a bit of room in their already busy schedules to get a better understanding of what may be to come. Doing so can help you support your bottom line in the coming year.

While we are still in the middle of summer, it’s prudent to look ahead to next year to prepare for potential changes in how your medical practice will receive payments for services rendered. Whether your patient population currently consists mostly of Medicare patients or only a portion, it’s imperative to stay on top of regulations and updates that the government issues regarding healthcare coverage. And consider that local demographics may be changing, leading to more Medicare patients coming through your doors in the years to come. It can be challenging to carve much time out of your already busy schedule to keep track of what’s happening with Medicare lately. With that in mind, here’s a look at proposed Medicare fee schedule changes that are anticipated for 2023.

The complex nature of providing health care demands complicated computer and software systems to support the work of doctors, their staff, and other members of the medical industry. You don’t need to be a computer scientist to appreciate the nuances of healthcare data standards and systems to help people communicate and share vital medical information. But it’s good to become at least somewhat familiar with the technology that allows us to share important facts and statistics about patients with other healthcare providers.

How is the flow of revenue in your healthcare practice these days? Or more precisely, how is your revenue cycle management (RCM) progressing?

In the aftermath of the massive numbers of COVID-19 infections from the global coronavirus pandemic, medical practices large and small are reassessing their revenue cycle as they begin to see more patients coming back. After years of social distancing and shelter-in-place orders, you can assume that more of your patients will be entering your doors once again for appointments that they canceled or procedures and tests that they put off.

Medical Billing: Claim Submission and Follow Up "Medical billing is the process of submitting and following up on claims with health insurance companies in order to receive payment for services rendered," as stated on HBMA. Without submitting clean claims on a timely basis, it doesn't matter how many patients you see or how many services you render.

2023 presents some definite concerns for radiologists regarding billing and collecting revenue, operating more efficiently, and complying with certain CMS initiatives.

Your healthcare organization or medical practice needs tighter control over the flow of revenue and you are now preparing to deploy Revenue Cycle Management software. If you’re new to RCM applications or are curious about how RCM will integrate into your company’s existing medical billing computation infrastructure, it pays to become more familiar with Healthcare Revenue Cycle Management software and how it works. To help guide you in the decision-making process, here are the top features to look for in Revenue Cycle Management software for both smaller practices as well as large healthcare organizations.