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End of Year Practice Management Checklist
This holiday season, don’t forget to give your practice the gift of an end-of-year checklist. Take the time to reflect on your practice management accomplishments this year and plan for a productive new year. Here is an end-of-the-year practice management checklist to help you start the new year off right. 1. Review This Year’s Progress […]
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What Does RVU Mean in Medical Billing?
RVU stands for Relative Value Units and they are often used to factor compensation. What is the value of the services you provide to your patients? While no one factor defines the compensation for your doctors, RVUs are one factor that acts as an indicator to define the value of medical treatments, procedures, and services […]
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3 Trends That Will Drive Healthcare Revenue in the Future
Over the last few years, healthcare spending has skyrocketed, driven by a combination of engaged healthcare companies, comprehensive care options, and emerging technologies. With spending forecasts projected to reach $83 trillion by 2040, experts are seeing a dramatic transformation in healthcare, driven by more personalized data, technological breakthroughs, and regulations designed to support the current direction of […]
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What Is Practice Management Software?
Implementing a powerful tool such as practice management software (PM or EPM) alongside your electronic health record system (EHR) can increase your practice’s efficiency and boost productivity. Practice management systems handle many administrative tasks including appointment scheduling and medical billing. With this software, you can ease administrative burdens, save time and money, and focus more on your patients. […]
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How To Improve Your Revenue Cycle Management Process
Your practice’s revenue cycle management process can be daunting. Medical billing requirements change frequently, and many practices face denied claims or delayed payments. Here is how your practice can use ambulatory practice management and EHR systems to improve its revenue cycle management (RCM) process. Improve Your Revenue Cycle Management Process with Ambulatory EHR Systems Your […]
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What Are The Best Practice Management Systems?
Finding the best practice management systems is critical for people in the healthcare space, including doctors, nurses, and individuals in the ambulatory healthcare business. Indeed, finding a good practice management system can be critical for a healthcare business of any size, but even more so for medium and larger-sized practices, who must take advantage of […]
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Improving Revenue Cycle Health: A Definitive Guide
To manage your patients’ health, you also need to manage your revenue cycle health. Your practice depends on timely, accurate reimbursement to keep all aspects of patient care running. If your practice struggles with denied claims, late payments, and delinquent accounts, your revenue cycle health may need a check-up. Here is the definitive guide to […]
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Benefits of Outsourcing Revenue Cycle Management
If your practice is struggling with unposted charges, unsubmitted claims, unworked follow-ups, large amounts of credit balances, denied claims, or other billing and revenue cycle issues, outsourcing may be the answer. Outsourcing revenue cycle management lets professionals handle your medical billing for a fixed cost or percentage of collections, freeing your practice to focus on what you do best—care […]
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4 Barriers to Improving Revenue Cycle Health
Improving revenue cycle health can help keep your practice financially healthy, letting you continue to provide high-quality care to your patients. But many practices struggle to improve revenue cycle health on their own. Here are four key barriers to improving revenue cycle health and how your practice can address them. 1. Your Workflows May Be […]
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The Difference Between Practice Management Software and EHR
If you’re looking for ways to use technology to improve efficiency and productivity within your healthcare practice, you’ve likely researched popular options like practice management software and electronic health records (EHR) systems. You may be confused by which features and functionality practice management and EHR systems have. Maybe you’ve even noticed they have a lot […]