What is Revenue Cycle Management in Healthcare?
Revenue Cycle Management (RCM) in healthcare encompasses all the steps a practice follows to get paid. This process begins when a patient schedules an appointment and comes to an end with final payment for services rendered. RCM is a benefit not only to the organization, but also the patient. The importance of effective revenue cycle […]
Creating High-Performing Healthcare Organizations
The healthcare industry is constantly evolving, and healthcare organizations need to be able to adapt and change in order to stay ahead of the curve. One of the most important things that healthcare organizations can do to improve their performance is to create a culture of continuous improvement. This means constantly evaluating and looking for […]
Maximizing Revenue and Profitability for Healthcare Businesses: Tips from a Consultant
In the ever-evolving landscape of healthcare, maximizing revenue and profitability is a crucial goal for healthcare businesses. Effective revenue management and financial strategies not only ensure the financial health of the organization but also enable the delivery of high-quality patient care. As a trusted healthcare business consultant, Complete Healthcare Business Consulting (CHCBC) in Holladay, UT, […]
Navigating Regulatory Compliance in the Healthcare Industry: A Healthcare Business Consultant’s Perspective
In today’s ever-evolving healthcare landscape, regulatory compliance is of paramount importance for private practices. Adhering to various regulations and standards not only ensures patient safety and privacy but also helps practices avoid penalties, litigation, and reputational damage. Navigating the complex web of regulatory requirements can be challenging, which is why healthcare business consultants play a […]
4 Reasons to Hire a Healthcare Business Consultant
If you have operated a healthcare practice for any length of time, you must have reached a point where you needed a hand to get everything done. As the expert medical provider, your time is too valuable to spread thinly across business operations. With Complete Healthcare Business Consulting (CHCBC), we will help you build a […]
7 Steps To Starting Your Physician Private Practice
Having success in an independent private practice that is often changing requires both a sharp clinical judgment and a dedication to working together and solving difficult problems. The CHCBC team offers the assistance and help physicians need to commence and maintain success in a private practice. This includes our blog page and these seven steps […]
8 Keys To Starting A Successful Private Medical Practice
It can be a rewarding and challenging endeavor to be a physician looking to make a living in private medical practice. Private practice, owned entirely by doctors rather than a hospital, health system, or other entity, is far from dull. According to the American Medical Association‘s Physician Practice Benchmark Surveys in 2020, 49.1% of physicians […]
Key Performance Indicators (KPI) for Medical Practices
A medical practice’s key performance indicators (KPI) provide valuable insight into operational and financial soundness. At Complete Healthcare Business Consulting, we develop comprehensive practice analytic KPI reports to monitor performance, enhance compensation models and to help with faster decision-making. The Challenges of Data Analysis Across Practices Data is not siloed in a medical practice to […]
Optimize Revenue with a Fee Schedule Review
When was the last time your practice reviewed its fee schedule? We found that most practices set fee schedules and rarely conduschedules ct annual reviews. Fee schedules are outdated, and so is coding. Every year, payers update their fee schedules for current and new CPT codes, so providers should do the same. Your fee structure […]
How Revenue Cycle Assessments Maximize Profits
For over 20 years, the Complete Healthcare Business Consulting (CHCBC) team has conducted numerous assessments of revenue cycles for practices all over the country. Through a consistent, proven process, each assessment provides an in-depth analysis of your processes, data, technology, fee structures, and employees. The final report gives each practice a solid base for growth […]