As the new year approaches, many medical practitioners are reevaluating their career trajectory, especially in the wake of an economy-shaking pandemic.
As this most tumultuous year comes to a close, many businesses are taking this time to evaluate their performance over the past 12 months, as well as considering their goals for 2021 and beyond - and your medical practice should be no different!
When it comes to running a private medical practice, handling all of your own Revenue Cycle Management (RCM) in-house can take up more time than you have to spare.
Medical billing is the middleman between a medical facility and an insurance company, so it’s safe to say that it’s a pretty important step in the process of running a practice.
Running a medical practice takes hard work, dedication, and unfortunately - a lot of expenses. Like with any other business, it is important to be aware of all the costs you’ll be incurring for your clinic so you can plan accordingly.
When you’re running a medical practice, you’re constantly thinking about patients, medical inventory, and insurance claims - but are you paying enough attention to your online reputation?
With the ongoing COVID-19 pandemic, telemedicine services are becoming more and more popular among private practices. As with any new service you may implement in your practice, you have to be sure to market it or else you may not see the patient volumes you’re hoping for.
In our last post, we discussed some practice considerations that could come up as telemedicine becomes more prevalent - especially as we navigate a global pandemic. In addition to those practice considerations, expense management is also a major facet of implementing telemedicine services in your office.
For anyone who is currently, or has ever been an employee at a business, you know the value of being appreciated by the people you work for. Especially in the Medical field, employees at medical practices work day in and day out, late nights, holidays, and more - all to ensure that the public has access to adequate healthcare.
Here at 99MGMT, our primary goal is to help medical practices run as efficiently as possible, and one of the most impactful ways to help overall performance at a practice is to decrease expenses to increase revenue.