In the past decade, public opinion about online banking has undergone a transformation. Initially the idea of paying one’s bills over the Internet was regarded with uneasiness, but now this feature is an absolute requirement when customers are choosing where to open a new account. In the not-so-distant future, this same scenario will likely be [...]
Category Archives: Industry Updates
Is Parting Ways with Your Private Practice the Best Solution?
- 18
- Mar
There’s a troubling trend in the medical field today. As young doctors emerge from medical school, more and more of them are accepting full-time employment with huge healthcare systems and hospitals, rather than venturing out into the world of private practice. Moreover, physicians who’ve managed successful private practices for years are now closing up shop [...]
AMA Pushes For Further Two-Year Deadline Delay on ICD-10
- 15
- May
The American Medical Association (AMA) has announced that it would like the Centers for Medicare and Medicaid Services to push back the deadline for ICD-10 to “at least” October 1, 2015, reports a letter sent to acting administrator Marilyn Tavenner early last week.”A year’s delay does not provide CMS with adequate time to fully examine [...]
ICD-10 Delayed Again
- 04
- May
So, what are you waiting for? Part one of a three part series. Over the past six months we have regularly written about the changes about to take place in healthcare. Now, 2012 is here and the first of those changes, 5010 should be implemented by all medical practices. This is a mandatory first step [...]
Are Doctors Underpaid?
- 03
- May
As a practicing physician, do you consider yourself underpaid? Well according to Medscape’s recent survey on Physician Compensation, nearly half of all doctors consider themselves underpaid. Medscape surveyed 25,000 physicians from 25 various speciality areas and reported the average salaries of these specialities back in 2011: Pediatrics — $156,000 Psychiatry — $170,000 Obstetrics/Gynecology [...]
8 Intuitive Ways Doctors Can Keep Their Patients Happy
- 16
- Mar
Let’s face it no one likes surprises. Why then do most medical practices wait until the patient has been treated and left the practice before informing them that the insurance has rejected their claim and they (the patient) are now responsible for the financial obligation? Nothing could be more backwards. There is a recent practice [...]
6 New Rules Of Practicing Medicine
- 16
- Feb
For the past 5 years medicine has seen an attack on its business model from all fronts. From falling reimbursements, higher labor costs, higher patient deductibles, more non-covered services have brought many if not ALL practices to a cross road, that’s demanding their full attention as business owners. All of us in business have been [...]
The “Business” of Delivering Healthcare
- 16
- Jan
It’s a business! There it’s been said. Now let’s get on with the process of treating it like a business. For 35 years I’ve been involved with the health care industry and for 34 of those 35 years I never heard the words business and medicine used in the same sentence. Understandably no one wants [...]
