Busy medical practices have to balance a high level of patient care with completing necessary administrative tasks to keep the doors open.

Medical billing can take up a lot of valuable time. It can also be difficult to find and train people to handle this crucial task. Plus, if claims are processed slowly or incorrectly, they can negatively impact your practice's revenue.

Topics: Business Growth, Operations, Financial, Medical Billing

Bookkeeping for medical practices can be a complicated process. Technology may be the resource you need to ensure a potentially complex process does not result in missed opportunities or lost revenue. 

Topics: Practice Management, Financial, Medical Billing, Technology

 

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

In previous blog posts, we’ve spent some time talking about the steps that go into starting your own medical practice. 

Topics: Operations, Practice Management, Financial, Medical Billing

Navigating medical issues and the confidential nature of medical histories is complex. Patients know they have rights, and they are counting on the medical professionals they see to respect those rights. 

Topics: Compliance, Liability, Financial

In today’s society, potential patients look to online resources for everything. Studies show that 80% of potential new patients search for health-related topics online before they reach out to any professional. This is why online marketing is key to growing your medical practice. 

Topics: Marketing, Business Growth, Compliance, Financial

THE SECRET TO INCREASING PATIENT VOLUMES 

Topics: Marketing, Business Growth, Operations, Practice Management, Patient Volumes, Financial

If there’s one positive thing that we can say about the COVID pandemic, it’s that it showed the world just how equipped we are to effectively conduct our jobs from the safety and comfort of our homes. For some things, at least. 

Topics: Operations, Practice Management, Financial

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. 

Topics: Compliance, Practice Management, Financial