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
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 ...
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 ...
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, ...
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 ...
Is it time for a checkup? Whether your practice is healthy or in operational pain, a physician practice assessment can uncover the underlying problems that are holding your practice back. Long before “big data” and “analytics” were buzz words in the healthcare industry, physician practices have been using ...
Physicians often rely on referrals for new patient flow through their practice. Unfortunately, most doctors network incorrectly, inconsistently and ineffectively. Having a consistent effort toward building and maintaining a healthy referral network could be the key to resolving these problems and, in turn, ...
A significant portion of operational impact, support and overall compliance in healthcare services starts with coding. Medical coding helps the healthcare industry transform diagnoses, physician’s notes, and various medical services into a common language that ensures both the patient, provider and payers receive ...
Nearly 69 percent of hospitals and health systems use more than one vendor solution for revenue cycle management, according to a recent HIMSS Analytics and Dimensional Insight
Corey Perman admits that for every company, there might be a different name for what he does. Compliance, corporate responsibility, and corporate integrity all denote key aspects of his position as executive vice president, compliance and risk at Chicago-based R1 RCM, which provides revenue cycle ...
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