Many providers today are frustrated and overextended, and we don't blame them. In our five-part educational video series, delivered once a day to your inbox for one week, we aim to help your practice identify places help optimize practice operations and medical revenue cycle management without sacrificing clinical quality.
Many providers don't know why their business is struggling. Before pursuing new ways to increase revenue, it's important to find any places where you are leaving reimbursement on the table for services you are already providing.
There are dozens of ways to organize patient interactions, but in the age of healthcare consumerism, efficient communication from provider to patient and optimized front-desk procedures can ensure increased patient satisfaction with their visit and painless payment collections.
Lack of patient volume permeates all aspects of a practice. Promoting your practice doesn’t have to be costly or time-consuming but you need to know your ideal patient, where to find them, and how to engage other providers for referrals.
The most effective way to increase your take-home revenue is through effective billing and coding strategies. Even before payment can be collected from payer or patient, a practice must accurately capture services rendered, code them correctly, and receive reimbursement in a timely manner.
For physician owners looking to maintain their independence while gaining operational support and negotiating leverage, many have turned to establishing professional partnerships. These partnerships take many forms as providers look to gain additional bargaining power and stability, without losing control of their practice.