The latest in all things RCM, Electronic Health Records, Radiology Information Systems, Practice Management, Medical Billing, Value-Based Care, & Healthcare IT.
Even though medical professionals undergo many years of education and training, most of them aren't trained on how to successfully run their own business. Unlike just a few decades ago, attracting new patients today to a medical practice can be more complex. This is mainly because of the digital age in which we live. However, with the right strategies and tools, you can grow your practice. Here are 10 basic tips on how to grow your medical practice in 2019, along with a few considerations and warnings.
Forecasts for Health Care Technology One area that is on the front burner of health care is the "push toward truly digitized health care," as found on Forbes. At Advanced Data Systems Corporation (ADS), we are hearing and reading how providers are "feeling the pain" with electronic health record (EHR) integration. We are here to help providers meet the challenges, and learn how to get the advantages an EHR offers.
There are many aspects of MACRA, and it's important you're familiar with all of them.
With the popularity of telemedicine on the rise, countless healthcare providers find themselves wondering whether or not they, too, should take the plunge towards modernization. Since the American Telemedicine Association's founding in 1993, motivated individuals within the community have been pushing to expand telehealth technology companies and boost patient access to care; now, as many as 90% of healthcare executives have moved to develop or implement telemedicine programs into their organizations.
Advanced AI Creating New Avenues of Healthcare Efficiencies First, there was artificial intelligence (AI) that made machines capable of following mathematical directions to capture and store intelligence. Then came machine learning (ML), which advanced the machine intelligence to use collected data to make predictive solutions. We now have deep learning, a more intelligent subset of ML that is based on the human brain. As found on Medium, "Artificial Intelligence would be the bigger, encapsulating circle that contains Machine and Deep Learning".
A reliable radiology information system (RIS) offers the electronic means to efficiently manage a radiology practice in all aspects that offer the best in patient care and practice management.
High Deductibles Have Lead to Difficulties Collecting for Services Rendered One of the latest healthcare challenges for many Americans today are the out-of-pocket, healthcare expenses. It is becoming apparent that high-deductible healthcare plans can pose a financial risk to people of low-income and those with chronic illnesses as found on USC News. If patients, especially those with chronic illnesses, are struggling to pay their out-of-pocket deductibles, providers are going to have the hardship to collect for services rendered.
If you're a medical professional, you probably know by now that since the beginning of 2019, PQRS, which is an acronym for Physician Quality Reporting System, has been replaced with MIPS. Maybe you've heard about these changes but aren't sure how they can improve your practice. Here's what you need to know about MIPS and its benefits, along with the importance of having the software for tracking composite scores.
Revenue Cycle Management (RCM) is an expensive, complex, but nonetheless critical element of every healthcare operation. Mismanaged RCM operations can result in higher staff turnover, reduced patient satisfaction, crippled healthcare processes, mounting debt, damaged reputations, and poor revenue. RCM is difficult to effectively implement. Fortunately, there are modern, 21st-century solutions to the RCM dilemma that enable healthcare organizations to harness the power of technology to disentangle their RCM processes and boost their revenue.
Do you own or manage a large radiology business and are noticing a decline in your patient population? Or maybe your problem is not being able to maintain a competent workforce. If these issues describe you, your dilemma could be linked to using outdated ways for keeping records. More and more healthcare professionals are becoming aware of the need for modernizing how records are kept by using a state-of-the-art radiology information system (RIS). Here are some of the pros and cons of a radiology information system and its software, along with a few considerations and warnings. What Is a Radiology Information System? Even though radiology information systems were first introduced in the 1980s, many people are still unfamiliar with them. Basically, a radiology information system is a software system used to manage medical data and imagery. It's used to track radiology, imaging orders and billing information. The system allows you to combine several functions into a single comprehensive system.
We’re presenting here some easy-to-understand basics on MACRA for 2019. Many more exciting details can be found on www.cms.gov which should definitely be consulted if those details are needed.