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 […]
What is a Healthcare Business Consultant?
The healthcare industry is dynamic and the Complete Healthcare Business Consulting team is uniquely equipped with skills and solutions to meet the changing demands of operating a healthcare practice. The combination of new medical discoveries, unique care delivery strategies, innovative technology, changing regulations, and pharmaceutical breakthroughs creates a dynamic landscape that is often difficult […]
What Is Payor Contract Negotiations
Contracts are important documents that, if not drafted, reviewed, and implemented correctly, can produce painful consequences for healthcare organizations. Qualified attorneys can develop, review, and approve legal documentation to meet provisions. Our consulting teams at Complete Healthcare Business Consulting provides careful reviews of contractual language to protect your interest plus advocate for market reimbursement for […]