Healthcare

Showing 1–16 of 414 results

  • 6 ways to improve your revenue cycle

    Spring 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 418

    Abstract: Revenue cycle management (RCM) is one of the most complex medical office tasks. The various steps involve creating, processing and submitting claims, as well as collecting fees for services. This article suggests six ways to apply the standard principles of professional RCM to improve a medical office’s ability to get paid in a timely manner.

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  • Co-management arrangements – Rewarding quality and efficiency can be a win-win

    Spring 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 615

    Abstract: In difficult economic times, it’s particularly important for medical practice managers to assess any areas of their practices to locate systems that can be streamlined, simplified and improved. This article notes that making strategic changes will give practices a boost that can help them survive an economic downturn and thrive going forward. It explains that, while it’s not for every practice, clinical co-management is one tool that can help create incentives for improving service quality and efficiency while maintaining control.

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  • Is it a good time to buy a practice? Consider these factors before you make the leap

    Spring 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 660

    Abstract: Even in times of economic uncertainty, there may still be opportunities for growth. While some medical practices are struggling, others are doing well —and may want to expand their operations by acquiring a practice. This article looks at some factors potential buyers need to consider before purchase, including goodwill, transition details and revenue adjustments. It notes that with proper due diligence, an acquisition is more likely to succeed over the long term.

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  • What you need to know about practice valuation

    Spring 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 821

    Abstract: In these uncertain economic times, many medical practices are closing. To survive, others are considering buying a practice, merging with another practice — or possibly selling. The first step in any of these scenarios is to establish estimated value. This article explains the importance of using a professional, accredited appraiser to conduct a practice valuation, and discusses the items the practice will need to provide to the appraiser and the possible valuation methods that may be used. A sidebar notes the importance of ensuring compliance with relevant rules and laws before engaging in any transaction.

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  • Make the most of patient-facing technology

    Winter 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 462

    Abstract: Patient-facing technologies — or a medical practice’s phone system, website and patient portal — offer new and current patients ways to access the practice’s services. The importance of these technologies shouldn’t be underestimated. This article looks at each technology category and explains how practices can ensure that these technologies provide the best possible experiences for their patients.

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  • A good business plan can help your practice thrive

    Winter 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 682

    Abstract: For physicians who are obtaining loans to expand their practice — or simply to set up operations — generating a business plan makes sense. And with the current economic uncertainty brought about by COVID-19, it’s even more important. This article points out that a good business plan will enable physicians to operate a successful medical practice based on proven methods, allowing them to respond to their patients’ changing needs and continue to provide excellent health care regardless of the circumstances.

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  • 7 steps to handle a down economy

    Winter 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 722

    Abstract: One ramification of the COVID-19 pandemic has been a down economy that has affected many sectors of our society — including medical practices. Physicians have felt the effects as patients have lost jobs and health insurance, have been reluctant to visit doctors’ offices because of fear of infection and have shifted to saving instead of spending. This article suggests seven steps that can help medical practices not only survive any downturn, but thrive in the long term.

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  • Should you outsource your billing?

    Winter 2021
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Deciding whether to handle billing in-house or hire an outside billing company is an important decision for any medical practice. While it’s true that not all physicians or their staffs have the experience, training and temperament to handle billing internally, it’s important to understand that a billing company typically takes 6% to 9% of the monies they handle. This article takes a look at the drawbacks — and benefits — of outsourcing billing. A sidebar lists four key metrics that will help physicians make the decision for their practices.

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  • How can you avoid “paralysis” when making key decisions?

    Fall 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 480

    Abstract: Being too aggressive with changes or improvements to a medical practice can cause confusion and resentment among staff, while not being aggressive enough may mean the changes don’t happen at all. To avoid paralysis in making improvements, this article offers some simple strategies to help physicians running a medical practice find a balance and make improvements successfully.

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  • Get ready for your closeup – Embrace telehealth

    Fall 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 537

    Abstract: The pandemic has accelerated the use of telehealth, and many physicians are finding it convenient, efficient and liked by patients. This article explains the importance of laying the groundwork for a successful telehealth strategy by ensuring the platform has strong security features and having good policies in place in case technology fails. The article notes that, rather than being an “extra service offering,” telehealth may become a significant part of many medical practices permanently.

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  • Nonphysician providers could enhance your practice

    Fall 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 619

    Abstract: In these volatile economic times, adding staff to a medical practice may be counter-intuitive. But hiring one or more nonphysician providers (NPPs) may help round out the staff, helping the practice respond more effectively to changing needs. This article points out that NPPs can fill a niche and provide high-quality services to patients while relieving pressure on the physicians.

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  • Lessening the financial impact of the pandemic

    Fall 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 785

    Abstract: The COVID-19 pandemic has had, and will continue to have, a large economic impact. Many physician practices have experienced a reduction in patient volume as patients have lost jobs and no longer have insurance. Even those who still have insurance may be reluctant to have elective procedures performed. This article suggests some steps medical practices can take to mitigate the effects of the economic slowdown, including appointing a patient care coordinator and leveraging telehealth. A sidebar discusses the possibility of shoring up finances by having some staff members juggle roles or outsourcing some duties.

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  • What can you do about physician burnout?

    Summer 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 409

    Abstract: A 2018 survey found that 78% of physicians suffer from burnout. That was before the COVID-19 pandemic entered the picture, so chances are that the percentage has increased since then. Medical practices need to recognize, prevent and manage physician burnout to ensure doctors are better able to balance the quality of their lives with the demands of work. This will help the practice maintain profitability and improve patient health outcomes going forward.

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  • How to handle collections reasonably and compassionately

    Summer 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 641

    Abstract: A significant percentage of people had trouble paying medical bills even before the COVID-19 pandemic hit. In light of the lingering effects of the crisis, including high unemployment, it is still important for physicians to make a special effort to handle collections fairly, reasonably and compassionately. This article offers some strategies medical practices can use in dealing with delinquent payments to ensure optimal outcomes for all involved.

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  • Staying solvent (and maybe even profitable) in tough times

    Summer 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 748

    Abstract: When the economy undergoes a sudden and unforeseen downturn, it can be hard for any business, including a physician practice, to stay afloat. Coping with economic change can become even more difficult because of the constantly shifting Medicare, Medicaid and health insurance landscape. This article suggests some ways to stay solvent, and maybe even profitable, during these tough times.

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  • The new normal – Learning from the pandemic and preparing for the future

    Summer 2020
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 891

    Abstract: Physician practices have had to be creative and flexible in responding to the COVID-19 pandemic in many ways. These efforts might need to continue as practices make changes to better guard against similar crises in the future. This article suggests some steps medical practices can take to shore up operations, including increasing the use of telemedicine and re-evaluating equipment procurement strategies. A sidebar looks at how to create a disaster preparedness plan.

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