#1 Favorite download
Best Practices to Improve Patient Payments
Regardless of geography, demographics or patient income, balance collections are in a sorry state for most small practices. In fact, private practices are now among the largest unsecured credit grantors in the country.
How did we get to this point? As the money from insurance companies decreases, patient portions have increased. As a result, both patient liability and bad debt are on the rise and healthcare providers are experiencing unprecedented revenue and margin pressure. This may not be the patient’s fault because, in many cases, the patient does not know what they owe at the time of service and, in many cases, they are not asked to pay anything more than their copay.
#2 Favorite download
Achieving Meaningful Use in Private Practice – Stage 2
As part of the American Recovery and Reinvestment Act of 2009, the Federal Government laid the groundwork for the nationwide implementation of electronic health records systems as a measure to improve patient care, reduce healthcare costs, and increase the level of overall public health. The Health Information Technology for Economic and Clinical Health program requires providers to demonstrate Meaningful Use of an electronic health record system to be eligible for monetary incentives and reduce penalties.
This highly popular eBook gives detailed explanations about what is needed to demonstrate Meaningful Use, how to attest, and what constitutes certified electronic health record software.
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#3 Favorite download
Decrease Costs & Increase Revenue
The advent of technology in the medical industry is exposing many operational inefficiencies and redundancies that were previously unnoticed or unavoidable. Technology has improved medical office claims management, A/R balances, data storage, and coding so significantly that doctors are investing in updated computer systems in an effort to stay competitive.
Market analysts estimate that the U.S. healthcare system is so inefficient that 24 cents out of every dollar are wasted on administrative and billing expenses. According to a Modern Physician/PricewaterhouseCoopers survey, medical practice technology usage increases 40% every year. Aside from these quantifiable costs, outdated office technology and software can additionally impact the bottom line with inefficient billing processes and superfluous administrative expenses.
This timeless resource can help you balance the costs and benefits of medical office billing and scheduling software as well as help you better understand how much money outdated technology might be costing you.
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