To guide the in-house/outsource decision, we’ve condensed decades of experience in medical billing for independent practices into six simple conditions within an in-house billing operation that are strongly indicated for outsourcing. If four or more of these conditions are true, there is a high probability you’d be financially better off with a good outsource billing … Continued
For many physicians, independent practice actually is everything it’s cracked up to be – on most counts. Greatly expanded flexibility, control, decision making latitude, and trusted patient relationships are highly satisfying and fulfilling vs. the employment alternative. On the flip side, there are challenges to be faced and overcome – month-to-month profitability among the chiefest. Perhaps … Continued
To build a thriving practice, it is crucial that your patients take an active role in their healthcare experience. But how do you ensure patient involvement when there are so many other priorities to manage as an independent healthcare practice owner or administrator? We address this question and give ten suggestions in this five-page … Continued
In this eBook, AdvancedMD takes a deep dive into the most common medical billing challenges private practices face and outlines ten key functions of a successful medical billing strategy. Every private practice owner knows that financial stability is a must if they want to continue to provide exceptional care for their patients. But creating effective … Continued
This ebook from AdvancedMD shows how an effective EHR platform can drive efficiencies across your practice, highlighting the top ten EHR technology requirements that ensure your charting workflow processes are flexible and sustainable. Electronic health records (EHR) technology enables private practices, hospitals, and healthcare systems to create a more patient-centric care model, improved workflow processes, and … Continued
The economics of the impacts of scheduling on a medical practice are pretty simple: fewer patients = lower income. And no-shows are the major contributor in turning a solidly-booked day into a checkerboard of open time slots. It’s typically part of a mundane scheduling discussion, with no-shows an acknowledged inevitable reality of medical practice – … Continued
Practice revenue leaks don’t go away, but they can be stopped A few years ago, we published an eBook entitled “3 Tips for Stopping Revenue Leaks.” In it, we identified three key areas many practices were struggling with at the time that negatively impacted revenue. A lot has changed in the short few years since … Continued
There’s an ‘elephant in the room’ discussion we must have. It’s one that most doctors choose to ignore. But ignoring it doesn’t make it go away. This free 5-page eBook tackles this topic head on. We address a highly sensitive topic which has been found to impact business profitability by erasing efficiency gains from software … Continued
When considering EHR, practices often remain status quo because it seems easier and less expensive than adopting change—but this way of thinking is shortsighted and could drain thousands in profits—up to $42,000 per year, per physician. Learn the five myths of remaining status quo, why you may being held back, and the impact to your … Continued
With COVID-19 fading into the clinical rearview mirror, the emphasis has now shifted to understanding the long-term health effects of the pandemic. These impacts—referred to as ‘Long COVID’—are frequently both unexpected and unpredictable. For many patients, they are also life-altering, and in some cases, life-threatening. However, physicians and clinic managers may be unaware of a … Continued
Most billing issues and worries can be overcome by aligning your practice with best-in-class solutions. These solutions could be a blend of technology, automation and human resources. This eGuide on medical billing solutions outlines ways to balance these three key areas of your operations, whether you are using an in-house billing staff or considering an … Continued
The payor relationship is crucial to your practice’s financial success. It impacts everything from the claims process and reimbursement rates to your staff’s work-related stress levels and the patient experience. Whether your practice is able to streamline payor processes—and strengthen payor relationships—depends on your EHR platform and its ability to meet your practice’s most critical … Continued