Physicians Practice April 2, 2021
Chris Pierce
Four specific and proactive measures a practice can implement to better position its organization for long-term success.
For years, practices have found themselves in a never-ending battle to adjust to the demands of an evolving healthcare marketplace. Adapting to complicated incentive terms in payer contracts, decreasing payer and patient revenue, increasing operational costs, and keeping up with new legislation have been enormous challenges—especially for those internally managing their revenue cycle. With practices already struggling to stay afloat, adding a year-long global pandemic to their growing list of concerns was detrimental to many. The pandemic not only affected patient volume and revenue but also shifted the healthcare landscape, yet again. Suddenly, there was an immediate need to offer virtual care options...
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