By Nick Hernandez bio Physician partnerships are often a great idea providing you give thought to how you will structure one and why you wish to create a partnership. Sometimes physician partnerships aren't so successful—so it is crucial to choose your partner well. This is somebody who you're going to spend a lot of time with and who, like your spouse and your family, will … [Read more...] about 7 reasons to consider a physician partnership
Increasing profits
Social media is a double win for your medical practice and your career
Digital media specialist Brittney Overstreet says social media has given word-of-mouth marketing—the oldest marketing tool—unanticipated strength that can dramatically boost your medical practice or effortlessly destroy it if you don't know how to manage it. Social media, defined as the online method for sharing information with an audience, is used by many patients to … [Read more...] about Social media is a double win for your medical practice and your career
5 purchasing tips that can save money for your medical practice
Cutting purchasing costs doesn't have to be difficult. Here are five approaches to purchasing your medical practice should consider. 1 Join other offices and take advantage of group discounts. Because the group represents a lot of business, it can tell a vendor it will use it exclusively in exchange for an overall, sizeable discount. The group can also get individual … [Read more...] about 5 purchasing tips that can save money for your medical practice
2017 QPP performance information is now available on Physician Compare
CMS has added new performance information to the Physician Compare website. Medicare patients and caregivers are able to use the Physician Compare website to search for and compare clinicians and groups who are enrolled in Medicare, as shown in this patient story video. The overarching goals of Physician Compare are, 1) to help people with Medicare make informed health care … [Read more...] about 2017 QPP performance information is now available on Physician Compare
What you need to consider before getting started in telemedicine
By Nick Hernandez bio Many practices are hearing about telemedicine and becoming increasingly interested in how such a program could be implemented in their operations. Physicians want to start a telemedicine program quickly. Practice managers don't want to learn by trial and error. The biggest issue I see by far is that practices immediately focus on the technology. … [Read more...] about What you need to consider before getting started in telemedicine
CMS releases preliminary data on 2018 Quality Payment Program participation
The Centers for Medicare & Medicaid Services (CMS) has published a blog post and released an infographic to share preliminary participation data for the Quality Payment Program during 2018. Key findings include: Overall, MIPS participation rates increased between 2017 and 2018 from 95 percent to 98 percent, respectively. Small practices participation increased … [Read more...] about CMS releases preliminary data on 2018 Quality Payment Program participation
How telehealth can transform your medical practice
Telehealth— the practice of providing a range of healthcare services remotely, as opposed to face-to-face— is revolutionizing the practice of medicine. Adopting it can help you substantially grow your medical practice, according to Nick Hernandez, founder and CEO of ABISA, a consultancy specializing in strategic healthcare initiatives. "I have been helping … [Read more...] about How telehealth can transform your medical practice
Employee incentive program increases number of patient well exams—and practice revenue
Pediatric Medical Group of Santa Maria, located in Santa Maria, CA, has found a way to quadruple the amount of well child and well baby exams at its office. "In the past, we always ran a recall report and had our staff call patients that were due for well exams," Camille Gamble, practice manager, tells Medical Office Manager. Although the process seemed to work okay, … [Read more...] about Employee incentive program increases number of patient well exams—and practice revenue
Is your medical office prepared to accommodate an aging population?
Talk of an aging population isn't idle chatter. According to the U.S. Census Bureau, 2030 will mark a significant turning point in the nation's history. By then, all baby boomers will be older than 65. This means that one in every five residents will be retirement age. An aging population presents increasing challenges from the standpoint of health care and related patient … [Read more...] about Is your medical office prepared to accommodate an aging population?
Don’t put your vendor contracts on autopilot
It's easy, to say nothing of convenient, to get comfortable with business relationships and not to question what the vendors are doing. But in the meantime those vendors have every ability to slip in added costs the manager does not notice. Don't just renew vendor contracts automatically. The practice can often save money and get better service by putting those contracts out … [Read more...] about Don’t put your vendor contracts on autopilot