RevCycle Intelligence July 5, 2017
Small practice owners should address unique healthcare revenue cycle management challenges to remain financially independent.
While working in a small practice allows providers to really understand their patients and their community’s healthcare needs, it can also create unique healthcare revenue cycle management challenges.
Small practices come with several advantages. Some providers prefer the close relationship of working with just a couple other physicians versus a multitude of providers in a hospital.
In addition, providers in small practices can get to know their patients on a more personal level, potentially leading to better care management compared to larger organizations.
A 2014 Health Affairs study found that practices with one to two physicians had 33 percent fewer admissions versus practices of 10...
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