Positioning Your Physician Organization for Success in Times of Change
How an Elastic Business Model Improves Financial Results in Times of Business Contraction and Expansion
Physician organizations have been under stress for many years. Adjusting to value-based care, serving underinsured patients, managing the complexities of payer contracting and increased consumerism are just a few of their recent challenges.
Now practices face additional demands due to the COVID-19 pandemic and are in a crucial financial period; the blunt reality is that some will fail while others will weather the storm and become stronger.
This white paper will focus on revenue cycle considerations that can help physicians develop a strategy for long-term financial success. While many physicians would much prefer to spend their time and resources on patient care, this is a crucial ingredient for the enduring viability and success of any organization.