As the calendar page turns over to another year, a big opportunity for medical practices to reduce administrative burden, bill more accurately, and increase profitability and care quality is on the horizon. In 2021, the Evaluation and Management (E&M) coding...
Articles
Geographic Expansion via Telehealth: First, You Need a Business Plan
Nov 19, 2020 | Articles, Telehealth
Telemedicine has been thrust into the forefront this year, yanked from a marginal “early adopter” technology into the spotlight as table stakes for any practice that wanted to survive the COVID pandemic. Now we are entering the inevitable “sawtooth curve” of compound...
Why Remote Patient Monitoring Will Become More Important for Your Practice
Nov 13, 2020 | Articles, Care Management
Remote patient monitoring (RPM) is one of the most talked-about areas of innovation in healthcare today, and for good reason: many consider RPM an exciting extension of the way telehealth has already allowed practices to offer more comprehensive care. During...
Private Equity: 5 Ways to Drive New MSO Medical Practice Revenue
Oct 5, 2020 | Articles, Healthcare Consulting
The Private Equity healthcare sector was dealt a “double-whammy” by the appearance and endurance of the COVID pandemic: just as practice valuations had been soaring to arguably overvalued levels in deals done leading up to March 2020, COVID came and wiped out much of...
Telehealth: The New Group Practice Growth Vehicle
Sep 29, 2020 | Articles, Telehealth
Over just the past six months of 2020, we have seen an incredibly accelerated evolution in the role of telehealth. It went from a rarely used technology to a basic “table stakes” capability for modified practice re-opening and revenue in the summer, to where we are...
Optimizing Risk Adjustment: Making Technology Work Better.
Sep 22, 2020 | Articles, Healthcare Consulting
As many of us know, Risk Adjustment is an area of healthcare where technology and systems make it hard to accurately report at the practice level. But, this piece of the revenue puzzle is often critical not only to the financial well-being of payers, but to the...
Private Equity: Medical Practice Valuation in the COVID Era
Sep 17, 2020 | Articles, Healthcare Consulting
The sudden – and ongoing – COVID-19 pandemic of 2020 has been the greatest external disruptor that the modern healthcare industry has ever seen. That tumult has unmoored everyone involved, from hospital systems, to physician groups, to practitioners, to patients and...
Is Switching EHR Systems Really The Best Solution?
Jul 21, 2020 | Articles, EHR (Electronic Health Records)
If your practice’s staff and practitioners feel a chronic level of frustration with your EHR, you’re not alone; it’s a common dynamic, as most of us got into the healthcare field to play a role in helping patients, not to become IT experts. This frustration frequently...
Three key strategies for meeting HEDIS/STARS measures and improving performance
Jul 8, 2020 | Articles, MIPS & Quality Consulting
Meeting quality measures and improving performance don’t just happen on their own but require some effective in-practice strategies. The top three strategies are: Complete and accurate documentation Proactive patient outreach Effective patient engagement Health plans...
Security Risk Assessment: Are You Current?
Jun 25, 2020 | Articles, Healthcare Consulting
A security risk assessment (SRA) isn’t something that healthcare organizations can or should put off. It is a requirement for the Health Insurance Portability and Accountability Act (HIPAA). A risk assessment also helps to identify any vulnerabilities that hackers...
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