99MGMT Blog

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What Do Physician Credentialing Companies Do For Providers? Save Money

Posted by 99 MGMT on Sep 12, 2024 1:15:00 PM

Healthcare professionals face a relentless challenge: administrative overload. 

Credentialing is a standout culprit, consuming up to four hours weekly for physicians, not to mention the additional burden on office staff. 

What if this time could be redirected toward patient care? 

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Topics: Business Growth, Operations, Credentialing

12 Tips For Effectively Using Social Media in Healthcare

Posted by 99 MGMT on Aug 19, 2024 7:53:46 AM

Did you know that over 90% of consumers use social media to help make health-related decisions? 

In today's digital age, social media in healthcare has become a powerful tool for professionals to connect with patients, share valuable information, and build trust. However, navigating the social media landscape in the healthcare industry requires a strategic approach to ensure compliance with regulations and to maintain professionalism.

As a healthcare professional, navigating social media in healthcare can feel daunting. These 12 healthcare social media tips can help you create a strong online presence, educate patients, and enhance their care.

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Topics: Marketing, Business Growth, Operations, Compliance, Liability, HIPAA, Social Media, Practice Management

What are Physician Practice Management Services?

Posted by 99 MGMT on Jul 31, 2024 9:00:00 AM

Operating a private practice can put strain on the practicing physician, as they need to balance patient care with administrative tasks and staff management. Physician practice management companies, also known as Management Services Organizations (MSOs), offer non-clinical business administrative services to private practices, alleviating some of these pressures.

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Topics: Operations, Practice Management

Medical Assistant Career Advancement: 10 Pros of Working in the Field

Posted by 99 MGMT on Mar 15, 2024 1:21:00 PM

Medical care is necessary to prevent diseases and improve quality of life. With many doctors offering a wide range of treatments, additional staffing is required to ensure smooth and timely interactions and services for every patient.  In many cases, the role of a Medical Assistant extends beyond checking vitals and updating medical histories. 

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Topics: Operations, HR, Physician-Patient Relationship, Location

What Are Medical Billing Services? Why Outsource Medical Billing?

Posted by 99 MGMT on Feb 23, 2024 2:08:00 PM

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.

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Topics: Business Growth, Operations, Financial, Medical Billing

Nine Expensive Stark Law Violations

Posted by 99 MGMT on Dec 27, 2023 1:18:00 PM


The Physician Self-Referral Law, also known as Stark Law, bans physicians from referring patients to  “designated health services” payable by health coverage programs such as Medicare or Medicaid with which the physician or an immediate family member has a financial relationship (unless a rare exception applies).

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Topics: Operations, Compliance, Liability

[Example] How to Write a Patient Dismissal Letter

Posted by 99 MGMT on Oct 23, 2023 9:27:00 AM

Although it’s never easy, there are times when ending the relationship with a patient from a medical practice is absolutely necessary.

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Topics: Operations, Practice Management, Physician-Patient Relationship

Average Medical Practice Overhead & How to Reduce Practice Expenses

Posted by 99 MGMT on Oct 17, 2023 9:14:00 AM

 

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.

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Topics: Operations, Practice Management, Financial

Medical Practices’ Top 6 Healthcare HR Challenges

Posted by 99 MGMT on Jun 7, 2023 7:51:00 AM

Healthcare professionals regularly find themselves struggling to find the best ways to help patients, working in a world where masks continue to be a controversial topic and health is a valued commodity. Society has discovered, thanks in part to the coronavirus pandemic, that a work-life balance is a higher priority than it had been given of late and has begun taking steps to change lives for the better. 

Healthcare employment is projected to increase 13% by 2031, and the U.S. Bureau of Labor projects that means 2 million new jobs in a decade. With more employees to think about, Healthcare HR has some ongoing concerns to address.

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Topics: Business Growth, Operations, Compliance, Practice Start-Up, Physician-Patient Relationship

How to Run a Clinic Successfully: 4 Tips for the Practice Owner

Posted by 99 MGMT on May 9, 2023 8:04:00 AM

Much like any business, running a medical practice is a lot of work. To reasonably handle everything it takes to run a clinic successfully, day in and day out, there must be a high level of optimization and efficiency.

This goes beyond inventory management and scheduling. This means prioritizing patient experience and making sure each staff member is prepared to facilitate success each day. 

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Topics: Operations, Practice Management, Practice Start-Up

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