Managing Reimbursement Challenges for Financial Stability in Private Practices
Running a private healthcare practice is no small feat. From managing salaries and paying for supplies to keeping the lights on, the expenses pile up
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Running a private healthcare practice is no small feat. From managing salaries and paying for supplies to keeping the lights on, the expenses pile up
Compliance in healthcare is essential for delivering quality care, protecting patients, and your organization. It touches every part of a healthcare organization, from ensuring patient
One of the most rewarding aspects of being a consultant at Complete Healthcare Business Consulting (CHCBC) is witnessing the tangible results of our efforts. Every
Revenue cycle management is the beating heart of any healthcare organization. When it’s done right, patients get quicker access to vital services, clinicians can do their jobs more effectively and the organization increases profitability and / or maintains viability.
Reduce Administrative Burdens and Increase Revenue. Effective management of contracts is crucial for healthcare organizations as inaccuracies in drafting, reviewing, and implementation can lead to costly consequences. At Complete Healthcare Business Consulting (CHCBC), our experienced consulting teams meticulously scrutinize contractual language, safeguarding your interests while advocating for fair market reimbursement
One of the growing trends in healthcare is patients “shopping” for services. This means practices have an increasing need to know the contracted rates with payors. Practices can accomplish this by securing payor fee schedules at least annually. Providing the cost for service at the time of service personalizing the
Beginnings are critical for any business, and medical practice startups are no exception. Successfully setting up healthcare entities requires several steps; most importantly is the timing and sequence of those tasks. To ensure success you’ll need to hire the right staff, source qualified low-cost vendors and create the organizational structure
If your medical practice is seeking to hire new providers, create or revise compensation models, drive performance, and optimize compensation, then it’s time to conduct a benchmarking and compensation, benefits and production analysis. Through benchmarking, your practice’s performance metrics, such as physician compensation and practice costs, are compared against industry
Mergers can be an exciting time, leading to growth and benefits for all those involved in the transition. Choosing to merge two medical practices may seem straightforward on the surface. However, it can be a complex business and involve numerous pitfalls. A major responsibility of the existing leadership of both
Give Patients Clear Financial Expectations Complete Healthcare Business Consulting has developed a patient estimator allowing our clients to provide clear financial expectation at time of service or before the surgery thus maximizing revenue and patient satisfaction. All of this is accomplished while ensure your clinic complies with the 2022 No
Healthcare practice and workflows are receiving unprecedented attention as the healthcare industry faces new demands on financial management as well as changes in response to new approaches in patient satisfaction (customer/patient relationship management and retention), consumerism (pricing transparency), and quality.
In healthcare, practices can successfully determine the trends for their services through a market feasibility analysis or where to open new locations. This form of analysis looks at the population, competition, economic and healthcare demands within the market and compares them to components for services to be or are provided
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