Healthcare Blog
The latest in all things RCM, Electronic Health Records, Radiology Information Systems, Practice Management, Medical Billing, Value-Based Care, & Healthcare IT.
By:
Marc Klar
October 20th, 2017
You may not have gone into medicine primarily for the money, but that doesn’t mean that you have to ignore economic realities, especially when it comes to getting paid in a more timely manner.
By:
Stephen O'Connor
August 24th, 2017
Delivering healthcare services in the United States requires providers to obtain compensation for the work they do in evaluating, diagnosing, treating, and following up with patients.
Learn why patient engagement is a necessity and how you can master it within your practice.
By:
Stephen O'Connor
August 9th, 2017
You may have many years of experience in the healthcare industry already, but lately you have come to realize that despite what you know about the medical field, you would like to become more familiar with the healthcare revenue cycle. That’s a good idea, because successful revenue cycle management (RCM) is the key to any successful medical practice’s growth and development.
By:
Stephen O'Connor
June 5th, 2017
When it comes to ensuring the ongoing success of your medical organization, taking pains to hire only the best and brightest people is just the beginning. Each member of your staff should focus on customer service and cultivating a good bedside manner, to be sure. And the high standards you set should also apply to how you process your billable claims. In fact, the success or failure of your medical practice will naturally depend to some extent on how well you are managing the flow of revenue.
By:
Stephen O'Connor
March 28th, 2017
While implementing an electronic health record (EHR) can dramatically streamline internal workflow and facilitate more effective communication with peers and patients, adding the technology alone won't necessarily make your organization as lean as possible. Healthcare in a digital environment is complex, especially with so many regulations that seem to constantly be rolling out another layer. While some studies show that a large percentage of physicians (91%) polled preferred the least expensive outsourcing option, there are some potential challenges associated with moving toward outsourcing medical billing with that approach.
Medical Billing / RCM | Practice Management | Electronic Health Records
By:
Stephen O'Connor
March 14th, 2017
It almost goes without saying that the needs of pain management practices are quite different from those of other specialties. Addressing the needs of patients coping with acutely painful situations and managing patients’ chronic pain properly while meeting law enforcement requirements can spell the difference between a relatively speedy recovery or prolonged care that may include complications.
By:
Stephen O'Connor
November 21st, 2016
Have you considered hiring a medical billing company, but aren't sure that is the right step for your practice? Maybe your organization is having trouble reworking denials or you have a higher than expected percentage of claims sent back due to incorrect coding or patient data. Every practice has different pain points, but almost every medical enterprise could use some help improving their reimbursement rates and lowering the charge off ratio. Hiring a medical billing company can help you achieve those goals.
By:
Stephen O'Connor
July 18th, 2016
When considering the impact of medical billing mistakes in your organization, let’s begin by recognizing that to err is human and to forgive is divine. Discovering there are problems doesn’t need to devolve into a wave of finger pointing and blame. But recognizing that you are making mistakes with your medical billing can be positive because now you can make an effort to correct them. When you take care of the mistakes, the results should be less stress on your already busy staff, improved revenue flow and the confidence that comes with knowing you have set your system right. Are you and your team making these three medical billing mistakes?
By:
Stephen O'Connor
July 8th, 2016
It makes sense that owners or managers of medical organizations would set up a billing process and then continue to use it over the years without ever analyzing it to see if it could stand some improvement. After all, if the software was working properly after you first implemented it, you may have considered the matter settled. The old adage that if it isn’t broken, don’t fix it comes into play more times than you might imagine in modern medical offices. But software and computer technology will continue to advance, as does our ability to connect with one another over the network and exchange information. Failure to stay on top of such developments and take advantage of them will naturally lead to inefficiencies, relatively speaking. Just because your office seems to be functioning properly, it doesn’t mean that your employees are working at their best capacity. They may be working around the inefficiencies instead of realizing that improved software would help them do their jobs better. In fact, you may determine that now would be a good time to consider installing new software as well as outsourcing your medical billing process to third party experts. Here are five reasons why your medical billing process is inefficient.
Medical Billing / RCM | Practice Management | Electronic Health Records | Value-Based Care
By:
Stephen O'Connor
July 1st, 2016
As the manager or owner of a thriving medical practice, you know that it is prudent to routinely take time to look at the entire business and see how its processes are integrated. To that end, increasingly sophisticated software offerings are now available to medical practices to help ensure things really are humming along, and you don’t want to miss out on any potentially helpful solutions. Two “off the bat” solutions are systems are electronic health records (EHR) and practice management (PM). Many practices opt for an all-in-one EHR-PM system. Once set up, you have essentially deployed an in-house capability for revenue cycle management (RCM). Adding a patient portal will do wonders for increasing patient engagement and connectivity between practice and patient, and vice versa. With these thoughts in mind, here are four technology trends that indicate a healthy practice.