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.
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.
Running a medical practice takes hard work, dedication, and unfortunately - involves 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.
Investing in a quality practice management company to handle day-to-day tasks frees up your time to focus more on your patients and their needs. They can help your private practice streamline scheduling, billing, marketing, accounting, credentialing, human resources, and overall office operations.
If your business provides a service, you should be paid for that service - and that includes private medical practices!
Whether you’re starting a new practice or you’re adding additional practitioners to your clinic, they all have to go through the physician credentialing process.
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.