Today’s world has integrated technology into every aspect of our lives, and medical practices are finding that patients, particularly Millennials and Gen Xers, are prioritizing partnerships where virtual staff integration is commonplace. One example is appointment scheduling: in 2021, a Harris Poll Survey found that 68% of all patients expect to be able to book appointments for well visits or other health concerns online.
Here’s the bottom line: you’re wasting time and money doing your own credentialing. Find out how to avoid wasting precious time and money.
Once novel concepts in healthcare; telehealth and virtual care have become a common practice throughout the industry. Not only do these care options simplify the patient’s healthcare journey, but they present numerous opportunities for physicians to maximize the possibilities of care they can provide. The sudden onset of COVID-19 pushed these means of patient evaluation and treatment to the forefront of medicine, reinventing older concepts of personalized care and getting necessary treatment- fast.
Research shows that today’s average medical practice overhead is actually between 60% and 70%.
Overhead is calculated as costs as a percentage of revenue. Basically, this means any and all revenues that don’t go into your pocket.
You don't have to look far to see the use cases of AI in healthcare – diagnostics, robotic surgery and much more. But what about the time-sucking tasks that get in the way of those important patient touchpoints?
The need for dedicated, dependable healthcare workers has never been greater, yet the well to tap from has never felt drier.
Deciding to start your own private medical practice is a decision filled with endless pros and cons. One of the most compelling pros is the ability to offer your unique vision of patient-centered care.
Investing in a quality practice management company to handle day-to-day tasks frees up your time to focus more on your patients and their needs. They can help your private practice streamline scheduling, billing, marketing, accounting, credentialing, human resources, and overall office operations.
Let’s face it - social media has taken over. People jump onto social media to check out the latest current events, connect with family and friends, and seek recommendations for just about everything.
With social media at the forefront of communication, businesses are capitalizing on social platforms as a marketing resource.
The Physician Self-Referral Law, also known as Stark Law, bans physicians from referring patients to “designated health services” payable by health coverage programs such as Medicare or Medicaid with which the physician or an immediate family member has a financial relationship (unless a rare exception applies).