As more patients gain access to insurance, practices need to focus on building new relationships. Newly insured patients could also have undiagnosed conditions that could place a strain on physicians.
Reimbursement trends will continue to decline, especially with the transition to ICD-10. The increasing number of high deductible plans also means practices need to step up patient pay collections efforts.
As practices face more challenges with the changes in health care, many staff members are taking on more responsibilities. Not being able to compensate workers for added work load is a continuous struggle.
"We definitely made the right decision to outsource our billing functions.
According to a recent Black Book Study, 90% of business managers in independent practices confirm that an innovative, seamless RCM/PM/EHR system would ensure practice independence, and greatly improve productivity & profitability.
See how GroupOne's OneRate EHR and RCM combo can transform your practice.