Blogging, when successful, results in a certain notoriety, which, in the case of a physician blogger, calls attention to his or her medical practice. Such notoriety can help market the practice and result in new patients. But there are other reasons doctors blog—and, in fact, marketing the practice isn't one of the primary reasons physicians take to the keyboard. Dr. John … [Read more...] about Should your physicians blog?
Increasing profits
New Quality Payment Program resources are now available
The Centers for Medicare & Medicaid Services (CMS) has recently posted the following new and updated resources on the Quality Payment Program website: 2018 Self-Nomination Toolkit for QCDRs & Registries:Offers step-by-step instructions for potential Qualified Registry and Qualified Clinical Data Registry (QCDR) vendors to self-nominate to qualify for the 2018 … [Read more...] about New Quality Payment Program resources are now available
The countdown for MACRA data collection is ON
By Tina Colangelo bio The last day to start collecting data is October 2, 2017. That is less than a month away. It is crucial to take action now and schedule a MACRA practice assessment. At the very least, these four questions need to be answered: Which payment track will I participate in in 2017, the Merit-based Incentive Payment System (MIPS) or an Advanced … [Read more...] about The countdown for MACRA data collection is ON
In the News: Alliance helps member physicians collect patient reviews and manage online reputation
Physicians belonging to Collier County Medical Society (CCMS) in Florida now have help boosting their online reputation and gaining insight into their practices from patient reviews about their experiences, thanks to a new strategic alliance with Testimonial Tree. For a discounted price, member physicians will have access to Testimonial Tree's reputation management services, … [Read more...] about In the News: Alliance helps member physicians collect patient reviews and manage online reputation
Choosing the right medical practice technology lease
By Nick Hernandez bio Medical practices often find themselves trying to keep pace with advancements in technology, but keeping up is easier said than done. Investment in technology places heavy demands on capital resources. As a result, administrators are exploring alternative sources of capital beyond customary bank loans. When you buy equipment and finance it with … [Read more...] about Choosing the right medical practice technology lease
Now available: 2017 CMS QRDA III Implementation Guide for Eligible Clinicians and Eligible Professionals, Schematron, and sample files
The Centers for Medicare & Medicaid Services (CMS) has published the 2017 CMS Quality Reporting Document Architecture Category III (QRDA III) Implementation Guide (IG) Version 1.0 (7/07/2017) for Eligible Clinicians and Eligible Professionals (EPs) Programs with Schematron and sample files. This version replaces the 2017 CMS QRDA III IG for Eligible Clinicians Reporting … [Read more...] about Now available: 2017 CMS QRDA III Implementation Guide for Eligible Clinicians and Eligible Professionals, Schematron, and sample files
AMA launches campaign to maximize physician success in MACRA
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) promises to reshape how Medicare pays physicians under the Quality Payment Program (QPP). Yet, a survey of 1,000 practicing physicians who have been involved in practice decision-making related to QPP shows that fewer than one in four physicians feel well prepared to meet its requirements in 2017, according to a … [Read more...] about AMA launches campaign to maximize physician success in MACRA
3 mistakes that cause medical practice change initiatives to fail
By Nick Hernandez bio Good is rarely good enough, and opportunities for improvement are never lacking. Unfortunately, the success rate of major change initiatives in medical practices is often low due to poor management of the change. Physician leaders and practice managers should expect and accept disruption and resistance to change, and never lose sight of the fact that … [Read more...] about 3 mistakes that cause medical practice change initiatives to fail
Patient referrals: an untapped source of new revenue
Medical practices sometimes mistakenly believe that patient referrals don't matter. However, like customer referrals, patient referrals are an important—and often untapped—source of new business. There are multiple ways to make sure your practice is encouraging referrals. Here are several areas where you should focus. Family members and their friends Perhaps the most … [Read more...] about Patient referrals: an untapped source of new revenue
3 guidelines for building your medical practice’s budget
By Nick Hernandez bio It is once again time for medical practices to be working on their operating budget for the next calendar year. Unfortunately, too few practices actually take the time to create a meaningful budget, instead seeing the endeavor as complex and time-consuming, and usually resulting in something that won’t be used. Creating and following a budget involves … [Read more...] about 3 guidelines for building your medical practice’s budget