1.800.360.0603

GE Healthcare Camden Group Insights Blog

Free Practice Management Breakfast Seminar for Independent Physicians & Staff: February 20th | Suburban Chicago

Posted by Matthew Smith on Feb 19, 2014 11:25:00 AM

Independent Physician AdvisorsJoin the Independent Physician Advisors tomorrow, Thursday, February 20th at 7:30 am in Oakbrook Terrace for a complimentary breakfast and seminar, Profitable Practices: Overcoming the Unpredictability of Reimbursement.

Topics to be Covered Include:

  • Impact of ICD-10
  • E/M Coding Challenges
  • Minimizing Denials & Collections
  • Increasing Patient Satisfaction

Presented by:

Bradley A. Netzel

Deena Wojtkowski
Associate VP of Client Services, ebix, inc.

Tony Moscato

Tony Muscato
VP/Owner, Creditor's Discount & Audit Company

Schedule:

7:30am    Hot Breakfast & Networking
8:00am    Presentation 
9:30am    Q&A and open networking

Location:

Redstone American Grill
13 Lincoln Center
Oakbrook Terrace, IL 60181
(630) 268-0313

Sponsor:

Independent Physicians, Practice Management

Registration:

This event is complimentary, however advanced registration is required. We ask that attendance be limited to independent physicians and their office staff.

To register for this event, please click the button, below. In the box marked, "How did you hear about this seminar?" please enter: Health Directions Blog.

Topics: Reimbursement, ICD-10, Coding, Denials, Collections, Independent Physician Advisors, Patient Satisfaction

Infographic: Physicians Cite Challenges to Practice Profitability

Posted by Matthew Smith on Jun 3, 2013 10:29:00 AM

Infographic, Healthcare, Health DirectionsPhysicians are almost two-thirds more likely to foresee a negative profitability trend, rather than a positive one, in the year ahead according to recent research report by cloud-based health technology provider,CareCloud and QuantiaMD, online and collaboration physician platform. The findings gathered through online surveys and related discussion groups report an overall downtrend in profitability among US physician practices with reform requirements as the leading source of financial burden.

Declining reimbursements, rising costs, ACA, coding/documentation changes including ICD-10, and EHR adoption were identified as having the most negative impact on practice profitability. Despite these challenges, the report concludes that most physician practice owners want to stay independent. Physicians also identified improved billing and technology as the greatest keys to improving the financial performance of their practices.

Background

 The Practice Profitability Index (PPI) was created to provide a voice to US physicians practices about issues that impact their financial performance and operational health. 5,012 physicians contributed their insights to the PPI during April of 2013 and, functions as a barometer for the operational and financial health of private practices in 2013. The 2013 report identified a confluence of challenges that make staying profitable increasingly difficult for physician practices today.

Key report findings include:

  • 1-in-3 physicians see overall profitability trending downward in 2013
  • 65% say declining reimbursements are the greatest threat to profitability
  • 59% spend at least one day per week on paperwork instead of treating patients
  • 48% say they lack the resources to accept any of the 30 million new patients from the ACA
  • Only 9% are very confident in their current processes for getting paid
  • Plus, profitability data is broken down by state, specialty and more…

Some of key data points in the report have been highlighted in the infographic visualization shown below:

Infographic, Practice Profitability, Practice Management

 

Strategic Provider Planning, Specialty Mix

Topics: ACA, Employed Physicians, employed physician practices, Employed Medical Practices, ICD-10, Coding, Practice Management

Infographic: Where Does the Healthcare Money Go?

Posted by Matthew Smith on Apr 7, 2013 8:42:00 PM

Healthcare spending, expenses, moneyAs one of the largest segements of the US economy, health care accounts for trillions of dollars in spending, both by governments and private individuals. Titled A Picture of Health, this infographic takes a closer look at where the money goes. 

The impact of the healthcare industry on everyday Americans continues to grow, whether they see it in their insurance bill or whether they earn their salaries from the health care industry. 

 

Health in America
Source: Best Masters in Healthcare

Topics: Health IT, Infographic, Billing, Oncology, Pharmacy, Coding, Diabetes

Subscribe to Email Updates

Value Model, Health Analytics

Recent Posts

Posts by Topic

Follow Me