No-Show Risk Management
When patients miss appointments, they interrupt the flow of patient care, impede clinic productivity, and signal an eroding patient loyalty. The rate of no-shows runs…
When patients miss appointments, they interrupt the flow of patient care, impede clinic productivity, and signal an eroding patient loyalty. The rate of no-shows runs…
Update – March 29, 2024 We understand the challenges the Change Healthcare outage has brought, especially with delayed payments and confusing updates. Here’s how we’re…
What is outcomes-based compensation in healthcare? Compensation plans in the healthcare industry have undergone a paradigm shift, with more providers moving away from volume-based to…
Credentialing in medical billing is crucial for ensuring patient safety and maintaining the quality of care provided by healthcare providers. This process involves verifying providers’…
People handle adversity differently; some break down sooner than others. When a team focused on a common goal faces adverse conditions, dissent among some team…
In the last chapter we talked about hunger and the drive that must exist between all members of a patient community, including the patients themselves,…
Great, now Reuven wants to know if I’m hungry. Don’t worry, we’re not talking about hunger pains or anything like that. I’m talking about drive,…
Medical billing complexity and massive volumes of daily claims render manual claims processes incapable of protecting both the provider and the payer from underpayments, overpayments,…
AI has revolutionized many different industries, and healthcare is no exception. In recent years, medical billing has benefited greatly from using Artificial Intelligence. Where…
Partial denials cause the average medical practice to lose as much as 11% of its revenue (Capko, 2009). Payers are known for denying claim payments…
Without a computerized scheduler, a practice has less than a 2% chance of earning the title of a “better-performing practice,” according to the Medical Group…
I love this topic because it’s easy to miss the mark, especially since so many consultants and marketing firms misappropriate this term and don’t actually…
Practice owners seeking better solutions often start with a vision of increased practice profitability while treating reasonable patient volumes. Their vision spans multiple aspects, including…
DO YOU know a practice owner who wants more patients in her clinic, better pay-per-visit, and better collections? We all know healthcare practice owners who…
This blog chapter discusses the importance of standard operating procedures (SOPs) and checklists in problem resolution within the context of complex billing processes, with a…
The use of Software as a Service (SaaS) in healthcare has transformed medical practice management by offering scalable, cost-effective, and AI-integrated solutions. SaaS shifts system…
Patient loyalty is essential for the success of healthcare organizations, both in terms of recurring revenue and new patient acquisition. Factors like patient satisfaction, service…
The U.S. faces escalating healthcare spending, with 2021 per capita costs reaching $12,318. Compared to advanced economies, the U.S. spent double the amount on healthcare.…
Mergers and acquisitions benefit healthcare by expanding services and improving patient care. However, they entail complexities, expenses, and risks. Research reveals reduced operating expenses and…
ClinicMind introduces Live Chat for real-time client support, enhancing convenience and issue resolution. New features like Incoming Fax Queue, Roster Check-in, and image chart components…
Effective denial and appeal management is essential for private practices, with studies showing that up to 90% of insurance denials are preventable. Common reasons for…
Health insurance audits can be daunting for private practices. Auditors aim to ensure correct billing and proper claims handling. Audits can be routine or event-triggered,…
Analytics play a crucial role in optimizing insurance management for private practices and healthcare providers. Monitoring approvals, denials, and appeals provides valuable insights. Identifying the…
The health insurance landscape is continually evolving, posing challenges for healthcare providers. To stay updated, practitioners should read industry news and share vital updates within…
Creating a profitable and fair fee schedule is crucial for private practices. It should cover true service costs, not just insurance reimbursement. Align your rates…
Medical coding and billing are essential for efficient revenue cycle management (RCM). Attention to reimbursements and accounts receivables (AR) is vital, as insurance companies often…
ClinicMind has acquired Affinity Billing to expand its revenue cycle management (RCM) services. Monthly updates include scheduler customization, waiting list management, and mobile EHR enhancements.…
Maximizing private practice revenues hinges on effective billing practices, automation, and clear collections procedures. Verify patient eligibility, streamline payment processes, and focus on key performance…
Private practice reputation management is crucial in today's digital age. A proactive approach is recommended, as being reactive may lead to reputation damage. Encourage patient…
Efficiency is key in structuring a successful private practice. Enabling patients to manage their care through tools and technology streamlines operations. Automation can handle scheduling,…
Establishing a successful private practice requires careful planning. Physicians should be prepared to balance both business and patient care aspects. Assess your capabilities, challenges, opportunities,…
Building a strong referral network is vital for private practice success. Referral marketing and patient reviews play a significant role. Implement a well-structured referral program,…
The rise of mobile apps in healthcare is transforming private practice management and patient engagement. These apps enhance patient records management, scheduling, billing, and more,…
Effective patient engagement in private practice is vital for improving healthcare outcomes. The challenges include patient passivity and the disconnect created by telehealth. Providers should…
Credentialing for insurance coverage is a vital step when establishing a private practice. The process involves application, information verification, and contract negotiation with insurance providers.…
In private practice, focusing on patient care amidst administrative tasks is a challenge. To provide a more patient-focused service, doctors can utilize technology and automation.…
A solid content strategy is crucial for private practice chiropractors. Planning an effective strategy involves deciding on the types of content to create, including blogs,…
Blogging is an essential part of content marketing for private practice owners like chiropractors. Planning an effective strategy is crucial, and considering whether to hire…
Production servers now offer several new features. The Patient Messages Mailbox enhances patient communication and experiences. Automatic Document Publishing allows documents to be shared on…
Creating a website for your private practice is crucial. To make it an effective marketing tool, ensure you have essential pages like the homepage, about,…
Social media offers a valuable platform for healthcare practitioners to cultivate relationships, showcase values, and validate expertise. It can serve as an excellent recruitment tool…
Understanding the tax implications of running a private practice is crucial for managing your finances effectively. Self-employment tax, payroll tax, and corporate tax are key…
More than ever before, consumers are paying close attention to how businesses operate. This means every interaction counts, with both staff and patients, to showcase…
Choosing the right legal and tax structure for your private practice is crucial. You can opt for an LLC, a regular corporation (Inc), an S-Corp,…
Leveraging Google for your private practice goes beyond paid ads. Focus on Google My Business for free profile management and customer engagement. Utilize Google Analytics…
New features and optimizations have been rolled out on production servers. These include a Patient Responsibility Estimator for viewing patient costs, an update to the…
A website is a valuable asset for your private practice. It helps attract the right clients, build credibility, enhance the patient experience, and strengthen relationships.…
The insurance industry relies on shared risk and managing the financial float is crucial for profitability. Insurance companies invest premiums to maximize returns while maintaining…
Switching to a new Electronic Health Record (EHR) system is a significant decision for healthcare practices. Before making the switch, consider questions such as change…
Payor-provider adversity in the healthcare industry results from opposing interests between insurance payors (companies) and healthcare providers (clinics). Payors aim to minimize claims payouts and…
An Electronic Health Record (EHR) is a digital system designed to store and manage patients' health information. EHRs facilitate physician documentation, provide secure storage of…
The text discusses the challenges and benefits of transitioning to a new Electronic Health Record (EHR) system. It highlights that many existing EHRs may no…
Payor adversity in healthcare refers to payment disputes, delays, and billing challenges with various payors, impacting providers' revenue and workflow. Electronic Health Records (EHR) and…
Financial float in insurance refers to funds retained by insurance companies through the difference between collected premiums and paid claims. Insurers invest this surplus to…
The CURES Act, enacted in 2016, focuses on streamlining healthcare information sharing, improving mental health services, addressing the opioid crisis, and enhancing privacy protections. It…
The 988 Crisis Lifeline, launched on July 1, 2022, is a suicide prevention network connecting over 200 crisis call centers across the U.S. It provides…
Marketing is crucial for private practices to attract new clients and grow. It involves promoting the practice and its services to the public and potential…
Credentialing, or getting on an insurance panel, is crucial for healthcare providers. It boosts reputation, expands the client base, and facilitates referrals. Steps include researching…
Starting a private medical practice is a significant decision. It offers more control but requires balancing business and patient care. Your salary structure changes, and…
Medical professionals must handle billing efficiently. While in-house billing may seem ideal, it comes with numerous challenges. Training, salary, compliance, and accountability issues can affect…
Setting therapy rates in private practice involves balancing overhead, personal income, and future goals. Avoid mirroring competitors' rates and relying solely on insurance reimbursement. Gradually…
This series delves into using social media for chiropractic practices. Begin by identifying your target audience and selecting the right platform. TikTok, Instagram, Facebook, and…
Mental health practitioners often grapple with common billing issues. Insurers might deny claims due to perceived duplicates. DSM-5 and ICD-10 code disparities can complicate billing.…
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