What is MACRA?

What is MACRA?

Are you ready for MACRA? Every couple of years, seemingly out of nowhere, a trending topic pops up in the healthcare industry that shakes everyone’s roots. In 2015, it was the Affordable Care Act – in 2005, RAC Audits, SGR in 1997 and HIPPA Compliance in 1996.  With each push for something new, comes a new wave of fear in the medical community.  The latest in the healthcare industry seems to be MACRA, MIPS, and APMs, and everyone is scrambling to understand how it works and how it affects them most. According to the Centers for Medicare and Medicaid...

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What is Practice Management Software?

What is Practice Management Software?

Practice Management Software Definition Practice Management Software is a healthcare software solution that efficiently handles the day to day operation of a medical practice. The software itself allows users to seamlessly integrate billing, scheduling, reporting and insurance eligibility into one system! Typically, most practice management software systems are designed for small to medium sized medical practices and are intended for multiple users to share the data and the workload! Best of all, practice management software is often connected to electronic medical records systems, though some features may overlap a bit, the electronic medical records system is used for assisting...

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8 Benefits of Electronic Health Records

8 Benefits of Electronic Health Records

In 2017, it’s not uncommon for patients to see their health care providers taking notes during their office visits on laptops, tablets or other mobile computer devices. Generally speaking, the shift from paper to web-based (digital) records has taken longer in the healthcare industry than most expected. Today, it should be the goal of every independent medical practice to adopt electronic health records to improve overall patient care through timely access to all of their patient information, with an emphasis on better patient diagnoses and patient outcomes. While most U.S. hospitals have already adopted a basic EHR system, a...

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Blog about how to grow your medical practice in 2017

How to grow your Medical Practice in 2017!

One thing we discussed recently, was how to optimize your Medical Practice. While these two topics may sound familiar, it’s important to note we focused on helping you gain control of delinquent patient balances by capturing the low hanging fruit, introducing better services to manage patient balances in your Medical Practice and better situate yourself to handle patient balances going forward. Why was that important? A paid patient balance is incoming revenue. Incoming revenue is cash you’re going to use to correctly set yourself up for growth. Growth equates to more patients, more paid patient balances and more revenue....

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Surviving as an Independent Medical Practice

Surviving as an Independent Medical Practice

Let’s face it, the hard reality is that it is harder than ever these days to run a successful independent medical practice. As insurance payers change to value-based vs. fee-for-service reimbursements, solo and/or small practices will be on the hook to struggle through the changes in clinical care and administrative coordination to receive payment. Staying independent can happen and thrive in the current abyss of changes. How? A national healthcare advocate advised on the following capabilities to stay independent: Strong Financial Performance Connectivity and Clinical Integration Ability to thrive in a risk-based environment Competitive Edge Adaptability to change Essentials...

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Which EHR is the best?

Which EHR is the best?

Well, let’s start by discussing what our team at Medical Revenue Solutions uses, and that’s MediTouch by HealthFusion. While it’s an easy question to ask, “What EHR is the best?” the real question is “What EHR is best for your Medical Practice?”. We’re going to discuss why we think MediTouch is the best EHR (Electronic Health Records) and why we use it exclusively. Who is HealthFusion? HealthFusion was founded in 1998 in San Diego by two primary care physicians and their EHR solution, MediTouch, which is now in use in thousands of practices, both large and small, across the...

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Small Business Commitments for 2017

Small Business Commitments for 2017

So, as I’ve mentioned in previous blogs, blogging does not come natural to me.   In fact, it ranks right up there with eating green vegetables and running a marathon, neither of which is on this girls’ bucket list! However, I’m up for a challenge in 2017. Keep reading, this isn’t your typical “New Year’s Resolution” blog. This blog is about tackling those challenges that you really do not want to do. Overcome challenges in 2017. My first challenge is to accept the fact that even though blogging is not my forte, it’s good for me to do. It’s good...

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How to optimize your Medical Practice!

How to optimize your Medical Practice!

Medical Revenue Solutions can help optimize your Medical Practice! Congratulations on opening your Medical Practice, on your 5th year of owning your Medical Practice, or expanding your Medical Practice, now what? Truth be told, if you’ve opened, owned or expanded a Medical Practice the chances are pretty good that money was borrowed to make the transaction occur. And transactions like these cause me to put on my thinking cap and ask myself, “Could this Provider have any legacy/delinquent patient balances? If yes, what would the Provider do for that dollar? ”. Recently, I encountered a Provider that expanded their...

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Benefits of EMRx and iClaim for your Medical Practice!

Benefits of EMRx and iClaim for your Medical Practice!

A little backstory. Blog writing, ‘eh it’s really not my thing. However, when my Social Media Manager persuaded me to write blogs about two of my products and corresponding services, well…here I am. I ‘get’ what blog writing is all about, SEO this and SEO that. Why can’t I just supply a list of keywords and be done with the whole blog writing thing, ‘eh??? I’ll answer my own question with one word: RELATIONSHIPS. Relationships are, in my opinion, the key to the list of keywords. Small Business Owners are relationship driven, relationship savvy, relationship focused…after all relationships grow...

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What are your Medical Practice pain points?

What are your Medical Practice pain points?

Overcome your Medical Practice pain points! In my conversations with Providers, there are three common pain-point’s: cash flow non-value-added processes budgets To tackle all three Medical Practice pain points in this blog would be exhausting, so I’ll just focus on cash flow since the all-mighty dollar is the ‘big elephant’ in everyone’s office. Medical Practices have so much going on these days to keep up with the Healthcare changes that it’s really hard to focus on cash flow and keep it at it’s peak.  Providers are constantly juggling overhead, resources, contracts, continuing education, etc. that it’s no wonder that something has to...

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