Blog: Saving Private Practice

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3 ICD-10 truths every medical professional should know

Many medical professionals are thanking the universe for the postponement of the big ICD-10 switch. This provides independent practices the time they desperately need to prepare. However, there are holdouts who continue to believe there isn’t a need for the rollout at all.

While this change will require adapting to a new and more in-depth coding system, the criticisms of ICD-10 are speculative at best. Here you will find three misconceptions about ICD-10 debunked. 

5 mistakes to avoid when selecting an EHR

Finding the right electronic health record system is a decision that physicians can’t afford to get wrong. But, unfortunately, many healthcare providers have found themselves saddled with an EHR platform that just doesn’t meet their needs.

Private practices have financial pressures bearing down on them from every angle; EHR buyer’s remorse shouldn’t be one of them. To help you achieve a smooth implementation, we’ve compiled a list of the most common and costly pitfalls practices should avoid.

Celebrating Independent Private Practices Nationwide

The high cost of running a practice, the increased wave of patients along with a tsunami of government regulations have put enormous pressure on the private physician. Helping physicians stay in private practice, meet regulatory standards and provide state-of-the-art healthcare is the primary mission here at AdvancedMD where we serve more than 5,000 private practices nationwide and process more than 34 Million annually. Today, we are paying tribute to the independent physicians who continue to service their communities despite the obstacles.

Is fax a four-letter word in your office?

Most practices have formal processes in place to improve staff productivity and revenue capture. Yet one of the most overlooked, and quite possibly your lowest hanging fruit, is fixing your fax problem. Yes, you can say this out loud: “I have a fax problem!”.

3 areas of your practice to improve during the delay of MU Stage 2

Private physician practices have MU2 measures that give them the opportunity to help build their practice, not just achieve some certification checkbox. With the recent delay announcement, focusing on a few key areas can allow the practice to increase care quality as well as revenue while positioning the practice to be in a better place to qualify for MU.

For example, embracing portals for communication and reminders can help close the loop for increasing follow-up visits for better care and revenue generation. Patient population reporting can help a practice get a better handle on reimbursement and more normalized cash flow by applying that knowledge to the schedule. Understanding the data that a physician practice has just by using the technology can help them participate in other incentive programs and increase revenue. Below are three improvement opportunities that practices can start today as they prepare for MU Stage 2.