According to U.S. Bank’s latest research, 82 percent of small businesses fail owing to one simple reason: inadequate cash flow management. It everything comes down to cash flow, whether it’s a shortage of capital, a slow income flow, inadequate money management, or overburdening budgets. Cash flow is crucial since it is your practice’s lifeblood. We…
COVID-19 has been faced with a lot of clinical problems, especially in individuals at high risk of complications when the virus is acquired. Many of these patients even have forgotten that chronic health issues like heart disease, diabetes and high blood pressure are essential because they worry that they can visit a clinic near coronavirus…
Managing the income cycle might be one of the most popular yet important elements of a successful practice. However, it’s not precisely for many providers to manage a company that you first go to medicine and definitely not something they discuss at medical school in depth. Even with a highly skilled office manager and medical…
In the aftermath of the COVID-19 pandemic, the fast adoption of telemedicine and other telehealth techniques has offered critical insight into what the future of medicine could look like. While many patients have shown an interest in continuing to use telemedicine in the future, the usage of internet platforms to provide virtual consultations has revealed…
In today’s market, growing and expanding a private medical business might be difficult. Everything about how we live our lives and run our companies has altered as a result of the coronavirus epidemic, including the criteria for small business funding. After paying for personnel, overhead, and expenditures, it might be tough to come up with…
No-show appointments are costly to your practise, as you already know. They can leave holes in your schedule that are hard to fill, and they cost healthcare providers in the United States an estimated $150 billion or more each year in missed income. Appointment reminder services are one of the most effective strategies to prevent…
The growth of telemedicine as a result of the epidemic is unprecedented. Telehealth visits increased by 50% in March, according to CNBC, with telemedicine companies like Teledoc reporting more than 15,000 video call requests each day. However, because it is such a new platform, there are still a lot of patients who have unresolved questions.…
If you search the internet for advice on how to manage the revenue cycle in your medical practice, you will find a wealth of resources. While revenue cycle management is critical and a basic component of running a successful clinic, we believe you should go a little higher in terms of revenue cycle optimization.
A typical medical office software buyer claims three basic needs for their employees, regardless of practice size or specialty: easy to use, easy to learn, and easy to grow. As patient involvement becomes more widespread, the same requirements apply to patient self-service tools and apps. This eGuide contains seven dangerous software selection mistakes
We reviewed two recommended practises for identifying a revenue cycle management system that not only “manages” but also optimises your clinic billing and collections to enhance overall income and enhance your bottom line in part one of this blog article. Here are a few additional strategies to improve your RCM so that you may generate…