Reducing no-shows in healthcare is crucial to ensure efficient use of resources, minimize patient wait times, and improve overall healthcare delivery. Additionally, missed appointments may impact a physician’s revenue and further strain the health system.
The Corporate Transparency Act is a new federal law that took effect on January 1, 2024. It will apply to millions of businesses across the USA, including many medical practices.
Senate Bill 525 (SB 525), scheduled to go into effect in June of 2024, establishes a minimum wage schedule for covered entities, and will require these entities to increase the minimum wage for many categories of workers to up to $25 per hour.
There are several key areas where technology can be implemented into a medical practice to optimize and streamline the flow of the practice and help to increase revenue.