Practice Management News and Education

Many independent practitioners are so immersed in the day-to-day operations of keeping their practices afloat and providing the highest level of care, finding the time to stay up to date with the ever-changing healthcare landscape is difficult.

Practice staff are finding themselves with less time than ever before to complete day-to-day administrative tasks, including scheduling and confirming patient appointments. This is partially due to increased patient volumes and new administrative regulations, such as the No Surprise Billing Act that went into effect January 1 of this year.

CAP members can now sign up for paperless billing and enjoy the ease and convenience of managing their account online. Save time and money by easily opting in to receive statements via email, pay your bill online, and eliminate the need for another piece of mail.

Physician burnout continues to be a prevalent challenge in healthcare, with a substantial number of physicians reporting that with the additional challenges of COVID-19, increasing administrative duties, and new regulatory burdens, it is more difficult than ever to find time for themselves and their families.

The Centers for Medicare and Medicaid Services (CMS) released its final rule that includes timelines for when the patient is entitled to receive a GFE. It can depend greatly upon the patient's insurance status, the provider's insurance network status, and the type of care and location of the service.

Because of the current lower rates, CAP members who have a lease expiring within the next 18 months should consider renegotiating their existing lease to obtain a better rate, more concessions, and a longer term.

A regularly scheduled practice evaluation can help you stay ahead of policies and procedures that support optimal workflow capabilities and a healthy bottom line, even when you think your business is running like a well-oiled machine. It may seem obvious, but clinical excellence aside, the care you provide for your patients may be impacted by the efficiency and effectiveness of your practice operations.

As physicians think about the holidays, they must consider their personal health and listen to their minds and bodies. The holidays are supposed to be a time of joy and celebration but for some doctors, it is anything but.

Moving your practice can be a daunting task, but there are several scenarios when relocating may be a good idea. Lease negotiations gone awry, changing patient demographics in the area, health plan/hospital acquisitions of real estate, and expansion of the practice may have you contemplating a potential office relocation.