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Today more than ever, managing a practice is not just about caring for your patients it’s also about running a successful business. If you lack efficiency, your quality of service will ultimately suffer. To thrive, you need to make informed decisions, but this can be a challenge. As the…
Like most clinicians and healthcare leaders and executives, you’ve been spending time trying to absorb information about the Quality Payment Program (QPP) and the Merit-based Incentive Payment System (MIPS). Hopefully, you’re more familiar with the program, what it is, and how it affects your Accountable Care Organization (ACO), health system, or practice. MIPS is…
Healthcare organizations must continually make adjustments to maintain optimal function. A number of different techniques can be used to determine where adjustments need to be made. One essential technique involves a discussion of an organization’s strengths, weaknesses, opportunities, and threats, commonly called SWOT analysis. SWOT analysis has been used extensively in other…
Technology is driving consumerism with lower prices for wearable, self-monitoring devices. For providers, this means balancing these sources of information with your training and expertise during treatment. Technological advances in the healthcare industry are among the most interesting developments every year, and 2018 was no different. Focus on three development…
Every new business needs a business plan, including a medical practice. A business plan is a road map to the success of your practice. It shows you where you are starting, where you want your business to be in the future, and how you plan to get there. When doctors begin a…
Four ways data is improving healthcare operations. Lower cost, better care. The healthcare industry now has more data than ever. It can be challenging to corral and understand massive amounts of data from a variety of systems. There’s data from patient care, supply chain, insurance billing, compliance, operations and the…
The automation of manual tasks is an important strategy for performance improvement as the healthcare industry continually works to cut costs and improve efficiency. More than ever healthcare organizations face tough challenges in their efforts to control costs while delivering quality patient care. While many of these challenges impact healthcare providers…
Patient No Shows are the bane of every medical practice, and having strategies in place to reduce them is essential. Nationally, most medical practices without a systematic patient reminder process average 18 to 20 percent no-shows monthly. Even with no-show fees in place (which may or may not get paid).…
On June 20, 2017, The Centers for Medicare and Medicaid Services (CMS) released the 2018 Quality Payment Program (QPP) proposed rule, which proposes policies for the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Model (APM) programs 2018 to impact 2020 Medicare physician payments. It doesn’t seem that long…
Every physician knows that online reputation management has always played a huge role in their ability to attract new patients to their medical practice. But as the internet has ushered in the age empowered patients, comparison healthcare shopping, and active social media use, peer reviews are playing a larger role…
