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.
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.
There are many aspects of MACRA, and it's important you're familiar with all of them.
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.
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.
You’re focused on providing the highest quality of care for each patient who comes through the doors of your medical practice, and this leaves you little time to consider how you can expand your brand in the marketplace. However, improving the reach and exposure of your practice with online platforms is essential for increasing your patient pool.
How do new patients find out about your practice? As is the case with any company, you cannot remain stagnant and expect to continue to thrive. Medical practices continuously take in new patients to offset other patients who leave because they have moved out of the area, changed insurance, or simply want to switch to another practice. If you’re not effectively engaging with patients and the community, you’ll want to forge a clear path to create a patient referral program as soon as possible.
Practitioners of the healing arts as well as the various supporting staff members around them work in an environment that is informed by progress made by professionals following the scientific method. Part of the scientific method includes measuring actual data and then forming a plan based on results.
There’s no doubting the growing importance of customer reviews - and healthcare practices and medical providers are not exempt from the trend. This trend is gaining speed partly thanks to the massive use of smartphones, tablets and laptops that enable patients to chime in with their thoughts about doctors and their impression of the rest of the staff and their overall experience.
Running a busy medical lab will definitely keep you on your toes. As compared to a physician’s office, urgent care facility, or other place of healing, you likely will be seeing many more patients coming through your doors every day. These patients will arrive to fulfill their doctor’s orders for tests or because they are being screened for using illicit substances.
The keys to financial success in a medical practice include recruiting the best possible doctors, nurses, assistants, and other key personnel and then positioning yourself in the community as a leading healthcare provider. Prudent managers will always be on the lookout for money that is leaving the practice, whether due to problems in scheduling, unpaid claims, or just the fact that you are hobbling your staff by making them use outdated or otherwise ineffective software systems.