There are several reasons for the closing and/or sale of medical practices. The primary cause is financial strain, which was exacerbated last year as a result of the global pandemic.
Healthcare compliance training is a highly important part of any medical organization’s functions. Without it, medical facilities couldn’t legally operate, and the quality of patient care across the country would plummet.
As a physician or other medical worker, your primary focus is likely to be on patient care -- not the tedious details afterward. However, bookkeeping in the medical office isn’t something you want to overlook.
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 helped cut down on healthcare fraud and ensure that employees could maintain healthcare coverage while between jobs. Since its original creation, several updates have been made to HIPAA to help improve privacy protection for patients and health plan members.
In recent weeks’ blog posts, we’ve spent some time talking about the steps that go into starting your own medical practice.
Starting your own medical practice is a huge undertaking, and it is virtually impossible to handle all by yourself. As you are planning for your new practice, there are several kinds of people who you will need to help you along the way, and we’ll be discussing those partnerships today.
As with all healthcare awareness holidays, the goal is to bring light to aspects of the field that might be overlooked, or simply not talked about enough, and to share important information that could help save lives.
If your business provides a service, you should be paid for that service - and that includes private medical practices!
As anyone who works in the healthcare industry knows, maintaining HIPAA compliance is one of the most important responsibilities you hold.
As with any business, there are certain laws and regulations put in place that exist solely to protect patrons of those businesses, and medical practices are no exception.