Advanced Data Systems Corporation Blog
The latest in all things RCM, Electronic Health Records, Radiology Information Systems, Practice Management, Medical Billing, Value-Based Care, & Healthcare IT.
Running a busy medical lab will definitely keep you on your toes. As compared to a physician’s office, urgent care facility, or other place of healing, you likely will be seeing many more patients coming through your doors every day. These patients will arrive to fulfill their doctor’s orders for tests or because they are being screened for using illicit substances.
The keys to financial success in a medical practice include recruiting the best possible doctors, nurses, assistants, and other key personnel and then positioning yourself in the community as a leading healthcare provider. Prudent managers will always be on the lookout for money that is leaving the practice, whether due to problems in scheduling, unpaid claims, or just the fact that you are hobbling your staff by making them use outdated or otherwise ineffective software systems.
There are many aspects of MACRA, and it's important you're familiar with all of them.
A patient portal is not the door that people walk through to get inside your medical practice. It is the term given to the electronic portal that you can enable for them thanks to your electronic health record software. Essentially, it is a way for patients to log into their account to check on details of their healthcare and to ask questions of the staff, with information protected by robust security.
You may be just starting out at a new medical laboratory and have been tasked to find a laboratory billing system for your team. Or, perhaps you have been working at the same lab for some time now, and you and your fellow stakeholders have realized that you need to do something now to start collecting more money.
Changes in the United States healthcare system are leading to new challenges that patients and healthcare providers alike must address. For example, patients facing financial issues (with limited savings for emergencies) will take longer to pay their medical bills or wind up defaulting on these bills during tough economic times.
While there is an emphasis on basic face-to-face contact that defines the relationship between patients and the health care providers who offer services to them, a great deal of the interaction between you and your patients and the staff will be mediated through advanced software and computer technology.
You went into the field of medicine to help others. Today, that help involves a number of elements designed to ensure that providers, technology, and delivery methods are operating tightly to produce better results with less expenditure, especially as it applies to Medicare patients since the government is involved with that.
ASA Crosswalk Coding, base units. Concurrency, start / stop times. Time units. Difficulty. CRNA billing. Is there another specialty other than anesthesiology that needs to deal with requirements like these?
You may not have gone into medicine primarily for the money, but that doesn’t mean that you have to ignore economic realities, especially when it comes to getting paid in a more timely manner.