Advanced Data Systems Corporation Blog
The latest in all things RCM, Electronic Health Records, Radiology Information Systems, Practice Management, Medical Billing, Value-Based Care, & Healthcare IT.
A great deal of financial work goes on behind the scenes at any thriving medical practice. That’s a given, since you cannot keep the doors open and the lights on if you neglect seeing to the timely delivery of payment for each patient you take care of. With that in mind, professionals who are in search of solutions to save their medical organization time and money find themselves turning to revenue cycle management software.
Quality in healthcare over quantity of healthcare delivered is the new focus in these United States. In an effort to boost quality, the government is encouraging health care providers to start using Alternative Payment Models (also known as APMs), as part of a broader effort to curb costs and improve efficiency.
There are many aspects of MACRA, and it's important you're familiar with all of them.
No matter how excellent a job your team is doing in your medical practice, you can’t keep the lights on and the doors open just based on the quality of care being provided. It’s incumbent on you to pay close attention to your financials too. Those organizations that fail to stay on top of the level of revenue they’re bringing in could find themselves scrambling to remain viable while other practices around them are actually thriving.
Many familiar objects are starting to become phased out to be substituted with digital versions. For example, we read e-books on our portable devices, listen to digital music instead of purchasing physical recordings, and enjoy streaming videos instead of going to a store to buy a Blu-ray disc. Paper prescriptions signed by the hand of a physician are another example of objects going digital. If you currently rely on paper prescriptions but have some awareness that electronic prescriptions offer some benefits, read on to learn how they can improve your practice and the patient experience.
You run a small practice, but you have big ambitions for the healthcare services that you want to deliver to local patients. When your organization first opened its doors and you were smaller than you are today, a paper-based system for keeping track of patient records seemed like a reasonable approach. But as time goes by, you discover that what you really need to do is install electronic health records or EHR software.
Are you starting up a new company that calls for the inclusion of laboratory space, or are you revamping an existing area for your lab and have determined that now it’s time to find suitable lab software so you can get up and running? As a laboratory manager in charge of the equipment and software to be used, you have a priority to look into software availability and to find the most appropriate applications for your organization.
It’s pretty difficult to imagine any business setting up shop today without using computers and special software for whatever industry it is set in. The same goes for the medical profession. Chances are that you either have heard of electronic health record systems and know that you need to deploy one in your practice, or you have been laboring with some kind of generic application to store patient information, and it has not been able to meet even your most basic computational requirements.
We live in an era of accelerated change with constant innovation in technology, including medical equipment, computers, and software that never stay the same for very long. While your primary focus is on providing outstanding healthcare service, you have to devote some time and attention to staying up-to-date with all your technology too, since we rely so much on devices and applications to provide medical services.
The more actionable information that you can collect on the patients you treat in your practice, the more opportunity you and your staff have to provide excellent, state-of-the-art care. These days, many medical practices are looking beyond the confines of their own data center and are starting to migrate some of their computational infrastructure into the cloud. Cloud computing services provide a range of advantages to organizations large and small, and the medical profession in particular stands to benefit a great deal because of the convenience and ease of data management.
Extending your brand in the marketplace is the key to bringing more business your way. This applies to all types of companies, including those that are dedicated to providing healthcare services to patients. If your organization is not seeing as many patients as are called for in your business plans, it’s time to focus on the amount and quality of the marketing you are currently doing, with an eye toward making some improvements.