Analytics Is the Leverage You Need

  Managing the revenue cycle in a physician practice is one of the most important and most challenging roles. Without a productive revenue cycle, you don’t have cash flow. Without cash flow, you don’t get paid. This is why revenue cycle productivity is so important. The problem is, it is difficult to measure. Leverage to…


4 Reasons Why EHRs Should Really Be CHRs

Many in healthcare are calling for a move from Electronic Health Records to Comprehensive Health Records. This switch represents the shift in the mindset of the healthcare community. Here are 4 reasons why EHRs should really be CHRs. 1. The “E” in EHR is redundant Back in 2014 when healthcare moved from a paper system…


Technology Adoption in Healthcare Will Save 150 Billion Per Year by 2025

By 2025, technology adoption will save the healthcare industry up to $150 billion per year, according to a recent report by BIS Research. There are two driving motivations behind the continual development and adoption of technology in healthcare: interoperability and patient data security. Developments in blockchain, AI, and automation technology will not only solve these issues, but…


Understanding ICD-10 Specificity

As we begin the fourth year since the introduction of ICD-10, some practices are beginning to see an increase in denials and reduced reimbursements due to the use of unspecified diagnosis codes. Now that the grace period has passed, insurance companies are expecting more from practices with regards to coding specificity. If your practice is experiencing…


Here’s Proof That Advanced Revenue Cycle Analytics Really Improves Efficiency

This year, the hot topic for healthcare leaders is big data. Healthcare leaders agreed that the number one opportunity for them this year is analytics. Leveraging insightful, quality data can lead to real results. But how does this work? Are analytics really that beneficial? We have seen more and more proof that they do work, and…


3 Concrete Strategies For Overcoming Physician Burnout

  Physician burnout is a serious problem. We can no longer look the other way when almost half of all physicians are experiencing some form of burnout. That is what the Massachusetts Medical Society, along with other contributors, presents in their recent report on the crisis of physician burnout. In their report, they included 3 concrete strategies…


5 Revealing Statistics on the Consumerization of Healthcare

PwC released their annual report on the top issues facing healthcare in 2019. This year, they argue, the healthcare industry is finally starting to catch up to other industries when it comes to modernization. Healthcare is beginning to face similar challenges and opportunities that other industries face. PwC had this to say about healthcare in the US…


Industry Leaders Agree: Physician Burnout Is A Public Health Crisis

More and more healthcare industry leaders have come to the realization that physician burnout is more than just a frustration for physicians: it’s a threat to the health and well-being of the entire American public. A report was published last week by the Massachusetts Medical Society, the Massachusetts Health and Hospital Association, the Harvard T.H. Chan School of…


Flip Your Revenue Cycle Into a Profit Center For Your Practice

Most practices face the challenge of managing their revenue cycle well. With more work, flat reimbursement rates, and staff turnover, it is difficult to break even, let alone increase revenue. Many practices accept that these are their circumstances and just try to get by. However, there are others who have discovered how to not only…


Coder & Biller Turnover: Is Your Practice Prepared?

  The Bureau of Labor Statistics projects the number of biller and coder jobs to increase by 13% by 2026. Not only that, but the current unemployment rate in the U.S. is around 4%, down from 10% in 2010. These statistics indicate what many practice managers may already know, that competition for the best billers and coders…