Running a physician’s practice, medical office, hospital, or other healthcare organization is complicated. On top of caring for patients, you must handle management, administrative, and financial tasks essential to keeping your organization operating smoothly. While it’s possible to handle all practice management tasks independently, having a dedicated tool makes the process much easier for everyone
An electronic health record (EHR) software solution significantly impacts patient care, administrative burden, and clinical intelligence. To determine what to look for in an EHR software provider and how to choose a solution that meets your needs, you’ll need to review: Best EHR Software Solutions EHR Software FAQs With the right solution, you’ll deliver a
Efficiently running a medical practice, whether a physician’s office or a larger multi-specialty clinic, requires implementing essential administrative routines. While doctors play a crucial role in patients’ lives, someone must also manage the day-to-day business operations, such as scheduling patients and ensuring payment for services.
Whether you manage a medical practice, clinic, or billing company, medical billing comes with various administrative responsibilities that can be tedious and take time away from patients. That’s where medical billing software comes into play! Payment solutions organize and simplify your work, ultimately making your processes more efficient. However, with so many providers in the
Canada changed over from ICD-9 codes to ICD-10 codes starting in 2001. The bad news is the implementation did not go smoothly. The good news is we can learn from the mistakes their providers made. ICD10Watch recently outlined eight lessons practice managers may want to incorporate into their changeover plans. Forget about crosswalks. Gillian Price,
The threats to medical billing companies using a traditional model are so severe that most businesses will not survive. There are times when continuing to do business the way you always have is an acceptable choice. You may not be as successful as some competitors, but you’ll still be in business. This is not one
The medical billing industry is in the midst of a sea change, which means tremendous opportunity for those who understand what’s coming and prepare accordingly. For that, we need to look at where we’ve been (2011-13), where we are now (2014), and where we’ll be in the next couple of years—for five key areas. 1.
All of us in business have, at one time or another, been told to think outside the box. If you’re in healthcare, it’s time to tear the box into pieces and throw it in the trash. The enormous shifts taking place in healthcare and the rapid pace at which they’re occurring means everyone needs to
As a medical billing service, it’s hard to soar with the eagles when your billing software is a turkey. Turkey software is the kind that gobbles up all your time, keeps you pecking around in data entry, and offers no way to help your clients stuff the financial holes so common in manual processes. In
Reports of employees stealing from a medical practice are nothing new. What’s interesting is that physicians are invariably shocked by these events. One reason is that staffers and clinicians work side by side, so practices feel more like a family than a formal workplace. Another reason is that many thefts are unplanned. “They are rather
It’s human nature to assume the staff we hire and work closely with are honest and trustworthy. They’re almost like family members—they would never steal from us, right? It might surprise you that you can’t always trust the people closest to you. As B.J. Hoffman points out in two thoughtful pieces from MedCity News, medical
One of the hardest tasks for small business owners is taking a step back to evaluate their business by looking at where the industry is, where it’s going, and where the opportunities are. So let’s take a moment to do just that. We’ll start with the fact that the outsourced billing sector is growing at
Understanding examples of HIPAA violations will help you avoid falling into similar scenarios. In October, AHMC Healthcare in Alhambra, CA, reported that health information on 729,000 patients was compromised due to the theft of two laptops. Last year, an Arizona physician agreed to pay $100,000 to HHS to settle a HIPAA violation case. HHS’s Office
There a couple of confusing things about immunization coding as it relates to medical billing. First, there are different codes for the vaccine and the administration. That’s because some vaccines are provided by states for children, and the physician is paid only for the administration. Second, Medicare was not initially developed to provide preventive care,
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