Attracting New Patients to Your Dental Practice
In today’s crowded marketplace, one of the keys to success is being able to differentiate yourself from the competition, not only to solidify a good first impression, but also to continue to impress your patients with each succeeding encounter. Attracting and retaining patients is about creating value for them — as a medical professional, a business owner and a friend.
3 Golden Rules to Medical Office Management
If you are providing feedback on a regular basis, employees are aware that their work is being monitored and they will be held accountable for their productivity. The staff will more likely be motivated to excellence when they don’t have the stress of a manager directing their every move. Trusting employees to do what they were hired to do will allow the manager time to focus on other areas.
How to choose the best patient financing solution for providers and patients
When a hospital is fiscally healthy, more patients can be physically healthy. With decreased collections and the rise of bad debt associated with patient receivables, healthcare providers are evaluating patient financing solutions. Below are some key differences to understand as you consider potential solutions.
Clean up the A/R before putting the practice on the market
Cleaning up A/R likely will yield in additional payments, so the additional time and resources devoted to this activity should pay for itself in 30-60 days.
Maintaining a healthy revenue cycle means tapping into the consumer mentality
Increasingly, revenue cycle health now requires meeting patients halfway or more, with convenience and access at the center.
Revenue cycle advice: Whether bills are paper or digital, get paid upfront
In an age of squeezed operating margins, consumerism must be combined with what works to get paid faster and to collect all that is owed.
Avoid false economies that undermine your practice business
Before making any kind of cost-cutting decision, considering whether ceteris paribus really applies and can help avoid a mistake that can be very costly over the long haul. And the same thing applies to everyday business investments, such as upgrading equipment or adding technology. When the out-of-pocket cost is significant, it’s always tempting to “save” by delaying needed spending. But the initial cost mustn’t be the only consideration, because making these improvements can have a significant positive impact on productivity and profitability.
Health systems increase operating margins through diversification strategies
Health systems can create a risk-adjusted portfolio of initiatives that leverages their ecosystem and competitive advantages.
The value of assessing a supply chain’s group purchasing organization contracts
GPOs can help drive savings and utilization, but it’s worth re-examining the contracts every so often to get the most out of the relationship.
Insurers, providers spar over solution to surprise medical bills
America’s Health Insurance Plans called on Congress to set a fixed reimbursement rate based on what insurers pay in a region.