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