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Practice Management

January 2, 2018
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Ins and Outs of Increasing Revenue for Your Orthopedic Practice

The 2018 update season has brought some interesting news for orthopedics, from staggering numbers of ICD-10-CM changes to removing TKA code 27447 from the inpatient-only list. Here are some ins (things you can do to improve current systems) and outs (ideas to consider beyond what you currently provide) to think about for 2018.

Categories: Practice Management
January 2, 2018
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Striving for Cost Optimization Instead of Cost Cutting | HFMA

Healthcare leaders should ask these four questions before embarking on an operational strategy that promotes cost optimization.

Categories: Practice Management
December 14, 2017
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Implement Scalable, Repeatable Processes to Grow Your Practice

Patients may find it difficult to understand when it makes the most sense to visit your urgent care locations if the level of acuity varies from one location to the next. Instituting repeatable processes and creating a consistent “brand promise” are essential to building a stable identity and making it easy for patients to trust your operation.

Categories: Practice Management
December 14, 2017
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The value of happiness: Satisfied patients more likely to undergo a mammogram

Radiologists are always looking for new ways to improve screening mammography utilization among their patients. According to a new study published by Academic Radiology, one way to produce an uptick in utilization is by ensuring patients have a strong relationship with their primary care physician and are satisfied with the quality of care they receive.

Categories: Practice Management
October 25, 2017
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Six Steps to Reduce Taxes on Investments

Individuals in the highest income tax brackets may have been presented with an unpleasant surprise in the last few years when they learned of their investment tax liability. A prolonged period of strong domestic stock performance from 2009 to today, combined with the implementation of The American Taxpayer Relief Act of 2012, may have resulted in significantly higher taxes for you. 

In this article, we will provide you with six suggestions that could save you thousands of dollars in investment taxes over the next several years.

Categories: Practice Management
October 10, 2017
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New To The Area? Invite The Neighbors Over

Often, neighbors welcome people who’ve just moved into the neighborhood by dropping by with a basket of muffins or inviting them over for coffee. Castleview Hospital in Price, UT is turning that on its ear, though, by inviting residents living near its new urgent care center over for an open house.

Categories: Practice Management
October 3, 2017
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NYU Langone Emergency Physicians Connect Patients To Financial Counselors

In recent years, it’s become one of the biggest trends in patient-friendly communications: Informing patients up front about the estimated cost of healthcare services and offering options to help them address their financial responsibilities. But that proactive communication does not apply in fast-paced emergency departments (ED) where timeliness takes precedence over financial matters.

 

Categories: Practice Management
September 20, 2017
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The Waiting Is The Hardest Part: 4 Steps To Improving Patient Wait Times

Patients can forgive certain things, but making them wait too long is almost guaranteed to translate into a negative opinion about their experience, no matter what else may have happened during their visit.

Categories: Practice Management
August 28, 2017
Average: 5 (1 vote)

12 Reasons Why Patients Delay Paying Their Medical Bills

Nearly three in five Americans (56%) delay paying their medical bills. Late payments, along with self-pay revenues that are never collected, add to the financial stress healthcare organizations experience as they attempt to optimize reimbursements and increase revenue while adapting to new value-based payment models.

Americans feel healthcare costs are too expensive, with 79% of consumers expressing affordability as the biggest obstacle. With this in mind, the top three reasons patients delay paying medical bills include unexpected high deductibles (42%), confusion regarding what their insurance will cover versus what the patient owes (30%) and patients receiving bills for services they do not think they are responsible to pay (30%).

This report from West’s Engagement Center Solutions gives an in-depth analysis patient payment and proposes ways to increase patient engagement to reduce payment cycles.

Categories: Practice Management
August 23, 2017
Average: 4 (1 vote)

Urgent Care Growth Is A Good News/bad News Scenario For Hospitals

Health system administrators and fans of the Affordable Care Act (ACA, or “Obamacare”) have been lauding the fact that employment in the healthcare industry has been climbing since the ACA was implemented. While that may be factually correct in terms of overall numbers, it is also true that health systems have been cutting jobs strategically in order to cut payroll expenses.

Categories: Practice Management

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