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Insights to guide your practice. 

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5 Reasons You'll Replace Your EHR in 2016

by Keith Lage on January 20, 2016

The 2015 Jackson Healthcare report on Physician Trends found that 85% of physicians have adopted electronic health records (EHR) systems. Furthermore, 61% of physicians said their overhead costs for their EHR have increased because of requirements under the ACA. At the same time, physician satisfaction with EHR systems has been declining - significantly in some cases. With the average physician seeing 22 patients per day, an EHR can make or break a practice's efficiency.

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Topics: EHR

How Patient Engagement is Changing Healthcare

by Nicole Laucks on January 18, 2016

Doctors have long since said that they want patients to be more involved in their healthcare. It only makes sense that the patient who is genuinely engaged in, say, controlling their diabetes is more likely to comply with medical and dietary instructions. 

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Topics: EHR, Patient Engagement

Are You Ready for Self Pay Patients in 2016?

by Kathy Kuhn on January 14, 2016

Today's American healthcare consumer is responsible for paying almost 35% of his or her own medical expenses - triple the amount paid out of pocket in 1980. This has led to a major shift in medical practices today focusing more on patient pay strategies. Now that we are in a new year and patients will be back at zero when it comes to meeting their deductibles, practices need to take collecting from patients very seriously or prepare to lose revenue.

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Topics: Revenue Cycle Management, Self-Pay

How Creating Strategic Partnerships Can Benefit Your Practice

by Keith Lage on January 12, 2016

Do strategic partnerships have anything to do with revenue cycle management? Absolutely. But picking the right partner to assist with various aspects of your medical practice can be a daunting decision. Pick the right partner and you save a time and money. Pick the wrong partner and your practice's cash flow can take a serious hit.

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Topics: Practice Management

5 Ways to Find RCM Tools That Grow With Your Practice

by Keith Lage on January 11, 2016

Perhaps there was a time when you could argue that revenue cycle management tools were only worthwhile for large practices with big budgets. All that has changed, however. In fact, a small or new practice may benefit disproportionately from having excellent revenue cycle management tools.

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Topics: Revenue Cycle Management, Practice Management

Balancing Business with Patient Care in Private Practices

by Kaitlyn Houseman on January 8, 2016

Running a successful medical practice is more than taking care of patients. And while most doctors would prefer to just focus on medicine and patients, there are a number of other responsibilities that can come with being a physician at a private practice.

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Topics: Practice Management

Why an EMR Shouldn't Be "Out of the Box"

by Nicole Laucks on January 7, 2016

In a perfect world, every EMR would be easy to use and simple to implement right out of the box. You wouldn't need to close your practice for a few days or pay for that expensive trainer to visit you. Unfortunately this isn't the case and it's causing a lot of practices to hate their EMR.

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Topics: EHR

5 Ways to Support Your Patients With Chronic Health Conditions

by Kaitlyn Houseman on January 6, 2016

Though they can happen at any age, single and multiple chronic health conditions are more common in older patients, and managing them effectively requires that the patient take active part in daily healthcare decisions. A collaborative approach may require more time up front, but long term it can decrease demands on your time by empowering the patient to take better control of his or her health.

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Topics: Practice Management

Obama Signs Meaningful Use Hardship Exemption Legislation

by Kaitlyn Houseman on January 5, 2016

Last week, President Obama signed into law a bill (S 2425) that expands providers' eligibility for hardship exemptions to Stage 2 of the meaningful use program, EHR Intelligence reports. The legislation will create a blanket hardship exemption from 2015 meaningful use penalties, which would have been assessed in 2017.

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Topics: CMS, Incentive Programs

Should Your Practice Charge No Show Fees?

by Kaitlyn Houseman on January 4, 2016

The estimated no-show rate for medical practices is around 5 to 7%. That may not sound bad, but if you consider each missed visit prevents your practice from collecting an average $25 co-payment and $90 reimbursement from a health plan, one or two no-shows per day adds up to tens of thousands of dollars in lost revenue every year.

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Topics: Revenue Cycle Management, Practice Management

New Database Lets Consumers Search for Provider HIPAA Violations

by Kaitlyn Houseman on December 31, 2015

ProPublica has created and launched a new database, called HIPAA Helper, which allows consumers to search for privacy violations by health care providers. An analysis of the database revealed hundreds of repeat HIPAA offenders between 2011 and 2014,ProPublica reports (Ornstein/Waldman [1], ProPublica, 12/29).

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Topics: HIPAA

6 New Medicare Codes Primary Care Doctors Can Use to Increase Payments

by Kaitlyn Houseman on December 30, 2015

What if we told you there was a way to potentially earn tens of thousands of dollars more from Medicare all while improving patient care? It isn't tied to pay to performance measures or linked to alternative payment models either. 

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Topics: Revenue Cycle Management, Coding

10 Reasons a Physician Should Seek an MBA

by Keith Lage on December 29, 2015

More doctors are pursuing the Masters of Business Administration (MBA) degree on top of their medical qualifications. Should you? It can be a wise career move whether or not a doctor is interested in transitioning to the management side of healthcare. But do the pros outweight the cons?

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Topics: Medical Business, Practice Management

Minimizing Malpractice Risks During Flu Season

by Kaitlyn Houseman on December 27, 2015

The 2015-2016 flu season is here, and that means medical practices must be able to handle an influx of people who want to be vaccinated, as well as a possible surge in patient load should the disease spread significantly in your area. Obviously, you want to minimize malpractice risk year-round, but there are certain things you can do during flu season to help minimize risk then, even if you end up with a higher patient load.

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Topics: Practice Management

Most Commonly Unexpected Denied Procedures

by Kaitlyn Houseman on December 23, 2015

Claim denials are an unpleasant fact of life, and too many of them can dramatically impact your practice's cash flow. Not only do coders have to cope with murky and complicated rules for coding and documentation but at the same time they have the threat of an audit hanging over them, and it's not easy.
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Topics: Revenue Cycle Management, Coding, Denial Management

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