When a small practice attempts to do everything themselves, problems will almost certainly arise. Between managing operations, scheduling, billing, account management, customer service, and providing medical attention, administrative duties can become too demanding and downright burdensome for a small staff. In fact, it may often divert attention from the core focus of providing care.
How can this be avoided? A recent discussion between MGMA Members Community provided overburdened practitioners with valuable feedback. Some were of the view that practices should outsource their administrative duties while others provided tips on how to streamline operations to reduce the burden.
Here is what they recommended:
Are you prepared for MIPS? As the deadline to collect data is approaching, it is time for providers to get serious about documentation to avoid penalties. MIPS reporting can be stressful, confusing, and haphazard if you are not prepared. However, in order to avoid penalties and maximize incentives, it is important to assess how you have fared. While you may require special assistance in the form of CureMD’s MIPS consultancy services to properly equip you with a penalty protection plan and help you understand how to maximize your returns, CureMD can simplify the technicalities for you. Enhance your understanding of eligibility, scoring, performance thresholds, and alternative payment models here. Get More Information on MIPS Reporting 2017
For nearly a decade, the $28 billion Electronic Medical Record (EMR) market was on a foreseeable path with roughly 20 similarly-sized competitors and many smaller participants offering software systems and support services. A new report from Kalorama Information says the EMR market is confronting changes that will determine how healthcare providers operate moving forward. Per the report, the market is consolidating, leading to a decrease in EMR support services and creating issues for providers. To illustrate, here are 11 ways the EMR market is changing:
- The EMR systems market has been consolidating for years. While there are hundreds of EMR vendors today, consolidation in the industry has accelerated in recent years. In a meaningful use (MU) attestation in 2012, the top 15 EMR vendors of 336 hospitals surveyed represented 75 percent of all providers attesting. On the inpatient side, this concentration was even more pronounced with the top six representing 75 percent of total hospital attestations. Read More
For anyone who’s lost out on fulfilling a dream because they depleted their savings on medical expenses, those who avoid going to the doctor for fear of a huge medical bill, and those that have lost loved ones to cancer, Obamacare was a tremendous blessing. Highly popular amongst Americans initially, President Obama’s signature health care law has provided health coverage to approximately 20 million Americans who were unable to afford health insurance previously. This accounts for approximately 15% of the American population who currently has access to healthcare. Possibly inspired by Britain’s NHS system, the Affordable Care Act’s main objective is affordable healthcare for all, eventually leading to a healthier and happier America. However, Britain’s NHS is considered a huge burden on taxpayers and is facing allegations of inefficiency, and Obamacare seems to be equally in trouble as Republicans are working to replace the law with a new version called the Better Care Reconciliation Act of 2017. Continue Reading
America has come a long way over the years and witnessed many extraordinary moments. Here’s to the American dream that will never be forgotten!