Practice Management

Doing Documentation Right: A Balancing Act for Physician Practices

Medical group practices often go full speed ahead once they decide to implement an EHR — until physicians start to lose their footing as they try to use the systems to accurately document patient care.  There are, however, a few precautions practice leaders can take to overcome this common stumbling-block.  By Alok Prasad, RevenueXL When medical group practices decide to ...

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Taking Aim at the High Cost of Provider Turnover

Keith A. Herl, MHA, MBA Matthew Mingenback In today’s ultra-competitive market, smart healthcare delivery organizations have sought to improve their margins by capitalizing on strategic advantages and maximizing efficiencies. However, most organizations have yet to adequately address one inefficiency that costs millions of dollars annually – provider turnover. In fact, less than one-quarter of healthcare organizations measure the cost of ...

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Food For Thought: Food Allergy Prevalence

The prevalence of food allergies has been increasing in recent years, and it is now estimated to be 6-8% in children and 3-5% in adults. Food allergies are the result of the body’s immune response to food proteins.  People with food allergies produce specific IgE antibodies, that when exposed to the allergic food, result in an allergic reaction of varying ...

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Being the Chief Revenue Officer (CRO)

Consider two focused questions: As you think about the status of your Practice, can your current Revenue Streams support your Practice to be as healthy as it really needs to be, in order to meet all of your goals? Based on current Revenues and Margins, would you be an Investor in your Practice? Good quality Revenues and Margins are the ...

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Tips for Contesting Unemployment Benefits

By Paul Edwards & Jennie McLaughlin, J.D. What should you do when an employee resigns but later changes their story in an attempt to receive unemployment benefits? We get questions about this quite often. The employee resigns because they are moving, got a new job, want to go back to school, or didn’t think it was a good fit – ...

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Are You Ready for Performance-Based Medicare Reimbursements?

Earlier this year the US Senate voted (98-2) to permanently repeal the highly criticized Medicare Part B Sustainable Growth Rate (SGR) reimbursement formula and passed the “Medical Access and CHIP Reauthorization Act of 2015” creating a new, pay-for-performance oriented Medicare reimbursements program. The program, called the Merit-Based Incentive Payment System (MIPS), will have a significant effect on reimbursement. What will be ...

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How Call Tracking Can Help Your Practice Generate More Return Patients

By Dice Nakamura National Healthcare Division, ReachLocal, Inc. If you’re like most hospitals or practices, you view inbound phone calls from new patients as a measure of your marketing success. However, that probably means you have no way of quantifying how many of those calls were generated as a result of your local online marketing. A strategy being used by ...

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11 Guidelines to Building a Prosperous Team

I use the word prosperous, because building a team is of the utmost importance in creating a successful practice. It can really make or break your success. If your team is unmotivated, it will effect how they interact with your patients, their decision-making, and their efficiency level. If they are motivated and connected to their job, they will make great ...

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5 Questions to Assess Whether Your Practice is a Good Fit for an Acquisition

By Margaret McGuckin Are you thinking about selling your practice or joining a system? As a former Chief Operating Officer for a large, nationwide practice management company, I experienced physicians that loved working in our management system and those who didn’t. What made the difference? The questions they asked while in the discovery phase of the M&A process helped them ...

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