Medical Practice Management: Three Success Drivers for 2022 & Beyond
R1 RCMJune 8, 2022
Your medical practice must deliver superior patient care, but you need to provide that care in a way that also allows for strong financial performance.
Five Healthcare Workforce Shortage Solutions for Physician Groups
Chris PierceMay 17, 2022
The healthcare workforce shortage is hitting physician groups hard. Worse, the tight labor market doesn’t appear to be a brief bump in the road. Findings from dozens of studies reveal that the shortage of healthcare professionals in the U.S. will not end anytime soon.
Good Faith Estimate Interim Final Rule Tells Us About Future of Healthcare Regulation
R1 Regulatory TeamMarch 28, 2022
The No Surprises Act of the 2021 Consolidated Appropriations Act greatly expanded patient protections through upfront cost transparency in the form of Good Faith Estimates (“GFE”). Specifically, the law requires each health care ...
4 Signs It’s Time to Work with a Physician Practice Management Company
Scott MaulMarch 10, 2022
Your goal as a physician is to provide superior healthcare for your patients, but running a successful medical group takes a lot more than clinical excellence. The day-to-day demands of operating a busy physician practice require you to have superior business management skills.
LifePoint SVP Jason Ross Discusses Value of Rev Cycle Partnerships
Brian ZimmermanJune 3, 2021
Amid what may be healthcare’s toughest era, financial leadership currently faces the daunting task of increasing revenue while simultaneously containing costs. At the recent Becker's Hospital Review 11th Annual Meeting, Jason Ross, senior vice president of revenue and network management for LifePoint Health – a nationwide health system with 87 ...
Increasing Revenue Through Payer Contract Management
R1 RCMNovember 12, 2020
Financial recovery isn’t just an uphill battle for today’s physician practice – it’s a mountainous one of Kilimanjaro proportions. Most practices are making up for a substantial decrease in revenue that resulted from a 50% to ...
Three Best Practices to Improve Reimbursement Via Coding
Yvonne RussellNovember 6, 2020
2020 is beginning to wind down, but COVID-19’s financial impact on physician practices isn’t. As The Washington Post recently stated, “many of the doctors…who form the backbone of front-line care are barely hanging on,” and ...
Joe Polaris on M&A Risk and Benefits, Consumerism Goals
Joe PolarisMarch 13, 2020
Hospital M&A activities have been trending up in recent years, and with the promised economies of scale it seems like an attractive option. However, according to Joe Polaris, Senior Vice President of Product Technology at R1, achieving the desired benefits of consolidation can be difficult. Joe recently recorded
How Physician Practices Can Decrease Patient No Shows
Richard Lopez del RinconFebruary 20, 2020
Patients who do not show up for scheduled appointments disrupt practice flow by taking dedicated time slots away from other patients and negatively impact the productivity of both the provider and staff. Practices often waive ‘no shows’ as a normal part of business but when translated to a bottom-line impact, using a rate of collections per ...
Creating a Physician Practice Quality Improvement Team
Lynn Guerrant BSN, MSJanuary 31, 2020
Quality and value seem to be two of the most elusive words in health care today. The debate over how to define, measure, and achieve quality and value, stretches from shore to shore, across all specialties and to the top reaches of our government. While definitions and rules change with startling rapidity, one thing is certain, in order to ...
