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Healthcare is changing. While technology races forward and treatment options become more complex, there is a growing awareness of something fundamental: the power of empathy and compassion in healing. In the rush to diagnose and treat, forgetting the human element of care is easy. But this element can make a world of difference in a
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Ways To Improve Revenue Cycle Management In Healthcare
Revenue cycle management (RCM) is a crucial element in running a successful medical practice. RCM is the financial process used to track patients’ care journey right from when they first initiate contact with the practice to the final payment due for services rendered. To ensure the financial health of your practice, it is important to
Read MoreHow Risk Contracts Can Improve Healthcare Quality
The United States spends more on healthcare than any other country, yet still ranks poorly in terms of health outcomes compared to other developed countries. This has led to an increased focus on improving healthcare quality while simultaneously reducing costs. One approach gaining traction in the healthcare industry is the use of risk contracts. Let’s
Read More10 Best Practices for Healthcare Revenue Cycle Management
As a healthcare provider, your focus should be caring for your patients and delivering positive patient outcomes. However, it is also essential to acknowledge that effective revenue cycle management is crucial to running a successful hospital practice or healthcare organization. Revenue cycle management (RCM) is a process of handling all the financial aspects of a
Read MoreHow MSO Services Provide Support for Doctors
If you are finding it difficult to stay on top of the non-medical aspects of your business, a management services organization (MSO) can help. MSO’s provide a variety of services to help in the day-to-day running of healthcare practices and organizations. This can include activities such as managing operational issues, coding and billing, risk management,
Read MoreWhat Is The Difference Between ACO and MSO?
As a care provider in today’s often hectic and competitive health and wellness industry, your work is really cut out for you. On the one hand, you want to improve the quality of your services, while on the other hand, you need to maintain a cost-effective way of preserving your valuable doctor-patient relationships. On the
Read MoreWhy Healthcare Professionals Should Consider Risk Contracts
Risk contracts are agreements between healthcare professionals and insurance companies or organizations where someone takes responsibility for the potential financial risks related to medical care. In these agreements, the healthcare providers agree to take some financial risks, meaning they will be rewarded or paid based on the quality of the care they render to the
Read MoreUnderstanding HMO Compliance
As a dedicated medical provider, your primary goal is to deliver quality care that helps maintain the health of your patients. As the owner of a successful practice, it is also important to do so cost-effectively. That is why HMOs (Health Maintenance Organizations) were formed in 1973 – to provide an alternative to traditional fee-for-service
Read MoreThe Important Role of an MSO in Small and Midsize Businesses
From human resources issues to finding the best pricing for supplies, there can be a lot to manage in the day-to-day running of a healthcare business, which is where a management services organization (MSO) can help. An MSO is a corporation that provides administrative support to medical practices and healthcare organizations. It can play an
Read MoreAn Introduction to Management Services Organizations (MSOs)
Are you a medical professional looking for comprehensive management services that can help your practice reach its goals? If so, you may want to consider working with a Management Services Organization (MSO). MSOs are dedicated to providing strategic consulting and operations support for businesses of all sizes. From large corporations down to growing startup practices,
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