How much thought have you given to the value of your intellectual property? You already understand the value of your equipment, supplies, property and support staff. While IP may not be as tangible a resource, protecting it is an important part of running a successful practice. “Creating and protecting your intellectual property is the best way […]
A fantastic patient experience is important across healthcare, but it’s especially crucial for pediatricians.
As doctors and health systems face mounting pressure to improve efficiency, boost patient satisfaction, and increase their bottom lines, patient flow will play an integral role in running a successful practice. What is patient flow? Patient flow is the movement of patients through a doctor’s office, hospital, or health system in an easy, seamless, and […]
If you’re like most physicians, your goal is to make your medical practice more efficient, which will ultimately reward your profit margins. The reality, however, is that you probably spend a significant percentage of your day reviewing test results, entering data and writing prescriptions. According to a survey by Advisory Board, doctors spend only 27 […]
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Stale jokes about physician’s handwriting aside, the truth is that both patients and doctors benefit when providers shift from the traditional pen & paper note-taking to keeping electronic records. Not only do you cut down on misreadings and miscommunications, but electronic health records (or EHRs) also allow for secure, centralized storage of information, quick transfer…
It’s a situation any provider wants to avoid: you take an appointment with a patient, provide outstanding service…and then find out they’re out-of-network. Now, you’re looking at time spent haggling with their insurance company over reimbursement, and spending time and resources chasing down full or partial payment from the patient. Instead of focusing on getting […]
When it comes to running your practice more efficiently, maintaining a steady cash flow and driving revenue, you must make healthcare revenue cycle management a priority. Healthcare revenue cycle management (RCM) is the medical billing cycle that physicians, hospitals, and healthcare systems use to manage the administrative and clinical aspects of processing claims, payments and […]
Marketing your practice is all about getting a return on your investment—and while calculating your cost per lead and cost per appointment are crucial for making smart marketing decisions, they only tell half the story (the investment half, to be exact). To truly know how well your marketing works, you’ll also need to calculate the […]