As physicians, we are more than those who are skilled in the art of medicine. We’re also business owners, entrepreneurs, and leaders. However, declining reimbursement rates and a complex healthcare industry place insurmountable pressure on private practices. Negotiating with payers, competing with local hospitals, managing your electronic health record (EHR), maintaining advanced care, and the …
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As physicians, we are more than those who are skilled in the art of medicine. We’re also business owners, entrepreneurs, and leaders. However, declining reimbursement rates and a complex healthcare industry place insurmountable pressure on private practices. Negotiating with payers, competing with local hospitals, managing your electronic health record (EHR), maintaining advanced care, and the …
Many independent physicians report that value-based care is both exciting and intimidating, promising and perplexing. The model’s emphasis on high-quality medicine and the doctor-patient relationship is accompanied by new terminology, extensive education, and a paradigm shift in your approach to patient care. To cut through the confusion and help you navigate the volume-to-value transition, we’ve …
From registration to claim submission to patient collections, revenue cycle management (RCM) encompasses a wide array of processes and services that impact nearly every dimension of healthcare. Several challenges — some ongoing, others new — exist in the RCM space. These problems include: Workforce shortages Lack of patient-centered processes Inefficient workflows causing delayed payments and …
Editor’s Note: This post is adapted from The Break Room podcast episode focused on trends in revenue cycle management and tips to help independent practices optimize their revenue integrity. Listen to the full episode below. A recent report valued the revenue cycle management (RCM) industry at $126.1 billion and forecasted a more than 10-percent growth …
Editor’s Note: This article is reprinted from the American Medical Association. The second I started working with children during my last rotation in year three of medical school in 1993, I knew I wanted to be an independent pediatrician. Every day presents me with opportunities to do what I love most: care for patients …
In this Q&A, Dr. Patel explores clinical autonomy’s importance, virtual scribe’s value, technology’s impact on patient satisfaction, and more.
Editor’s Note: This post is adapted from The Break Room podcast episode on elevating independent pediatricians to improve healthcare and has been edited for length and clarity. Listen to the full episode below. Pediatricians play a pivotal role in children’s physical and mental health, especially during this time of skyrocketing rates of adolescent anxiety and …
It’s no secret that health systems today face a variety of challenges. From supply-chain issues to staffing shortages, physician misalignment to payment-model imbalance, these challenges range from unique to widespread, sudden to long-simmering. Underlying these complex problems is a fundamental tension between the advantages of incumbency and the constant evolution of the physician and healthcare …
Jenny Harding, Senior Vice President, People Operations, shares how an ongoing commitment to equitable and inclusive employee engagement led to Privia’s recognition as 2021 Top Workplace USA by Energage.