Practice Revenue News

New ideas to enhance practice revenue through better appointment scheduling, patient documentation and medical billing

Webinar: Avoid Medical Scheduling Mistakes That Cost You a Fortune

Chandler, AZ – March 21, 2012 – Hospitals and small clinics are constantly dealing with lower
reimbursements and more red tape. Medical appointment scheduling can be a constant and never-ending
challenge at your organization, but the solution to enhance your revenue all starts with your front desk.
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Are Appointment Reminders “HIPAA-Compliant?”

Automated reminder systems are a great way to reduce costly no-shows: you know every patient receives a text message, email, phone call and/or letter. However with all the changes in healthcare, you may wonder if these automated messages violate HIPAA rules for protecting patient privacy. Read the rest of this entry »

Webinar Provides Tools to Help Eliminate Patient No-Shows

Chandler, AZ – February 17, 2012 – One of the toughest challenges in an outpatient setting is to reduce patient no-shows. It can have a big affect on your practice’s bank account. How do you make your appointment reminders more effective and get your patients to show up on time? SpectraSoft is showcasing scheduling solutions to those problems with a webinar Thursday, March 1: “Proven Strategies to Reduce No-Shows.”

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No-Shows: Do Patients Really “Forget” Appointments?

No-shows create staggering costs for any practice. Yet if your patients have recurring visits scheduled one or more times per week, do they really “forget” their appointments? PROBABLY NOT.
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Incorporating EMR into your PT care

As we work with PTs across the country, we’re often asked about the pros and cons of charting while you treat. Those against say it takes away from your focus on the patient. Those in favor point to increased accuracy and time savings. SpectraSoft has always argued in favor of bringing your rehab EMR system into the treatment room. In fact that’s a key design consideration of our DocuPRO Rehab Documentation System.

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Manage your practice like Warren Buffett

In today’s harsh healthcare environment, wouldn’t it be great to get practice management advice from a real expert? Someone who knows how to generate revenue and profits in good times and bad?

Billionaire Warren Buffett has compiled a pretty good track record. Based on his public comments and well-studied approach to investing, here is some of the advice he might give to an owner or manager looking to grow a practice… Read the rest of this entry »

AMA Report Card: Payors Aren’t Paying

As we first talked about in 2009, insurance companies have found that the best way to pad profits is simple: they just don’t pay. In fact the latest Report Card from the American Medical Association finds that the problem has actually gotten worse in the last year. Most payors only reimbursed 85% – 88% of their contracted fee schedules. One insurer paid just 61%!

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7 Tools for High-Volume Scheduling

If you are in a medical specialty that sees patients for just a few minutes, you know how frantic the schedule can get. We frequently observe clinicians that schedule three or four patients at a time in a given time slot! This hectic level of scheduling can lead to problems if not managed carefully…

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Have payors turned your practice management upside down?

Insurance companies pummel you every month with meritless denials and underpayments. These hostile tactics add up to a fortune in write-offs — but the real cost to your practice is even higher!

As you devote more of your time, resources and manpower to a billing solution that you hope can recapture those nickels and dimes, you have less to spend on what can truly grow your practice. The solution is simple: don’t take on those big-money payors at their own game…

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The ’5-Minute’ Practice Management Method

Most practice owners are too busy to look up all the statistics they wish they could. If you are looking to gain greater visibility of your practice and do more to help your people excel, consider this  ”5-Minute Management” approach. It works on a number of different levels to help you — and your people — gain greater control over the task of growing the practice.

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