99MGMT Blog

Although it’s never easy, there are times when ending the relationship with a patient from a medical practice is absolutely necessary.

Topics: Operations, Practice Management, Physician-Patient Relationship

 

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.

Topics: Operations, Practice Management, Financial

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?

Topics: Marketing, Business Growth, Social Media, Patient Volumes, Financial, Coding, IT, Medical Billing, Physician-Patient Relationship, Technology

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.

Topics: Credentialing, Enrollment

The Electronic Medical Record (EMR) system is designed to provide comprehensive, up-to-date information regarding the patient journey that can be shared among different departments or medical centers, facilitating effective communication between clinicians and improving the quality of patient care. 

Topics: HIPAA, Practice Management, Consulting

Social media has become an integrated part of today's world, and it is no surprise that it plays an increasingly important role in our lives. As healthcare professionals, you know the importance of staying up-to-date with the latest technologies, including social media-related ones. 

Topics: Compliance, HIPAA, Social Media

What’s in a name? It turns out that names are very powerful, especially when you’re selecting a name for your practice. Your practice name is how patients will share recommendations with friends and family. It’s how people will find you online, and it’s the cornerstone of your medical practice’s identity.

Topics: Marketing, Practice Management, Practice Start-Up

The Physician Self-Referral Law, commonly referred to as the Stark Law, is a federal law passed in 1989 that prohibits healthcare providers from referring Medicare and Medicaid patients for “designated health services” to entities with which the provider has a financial relationship. This includes physician practice management companies, such as those that employ new physicians and offer administrative outsourcing. 

Topics: Compliance, Practice Management, Physician-Patient Relationship

Healthcare professionals regularly find themselves struggling to find the best ways to help patients, working in a world where masks continue to be a controversial topic and health is a valued commodity. Society has discovered, thanks in part to the coronavirus pandemic, that a work-life balance is a higher priority than it had been given of late and has begun taking steps to change lives for the better. 

Healthcare employment is projected to increase 13% by 2031, and the U.S. Bureau of Labor projects that means 2 million new jobs in a decade. With more employees to think about, Healthcare HR has some ongoing concerns to address.

Topics: Business Growth, Operations, Compliance, Practice Start-Up, Physician-Patient Relationship

Much like any business, running a medical practice is a lot of work. To reasonably handle everything it takes to run a clinic successfully, day in and day out, there must be a high level of optimization and efficiency.

This goes beyond inventory management and scheduling. This means prioritizing patient experience and making sure each staff member is prepared to facilitate success each day. 

Topics: Operations, Practice Management, Practice Start-Up