In recent years, overinflated promises from EHR and PM vendors have led to disenchanted practices ditching their EHR/PM software, shopping for new EHR/PM software, or remaining mired in inefficient manual
The net collections ratio serves as a key financial indicator for physician practices, showing what was actually collected as a proportion of what the practice should have collected. Another definition,
With declining insurance reimbursement, high deductible plans limiting patients’ access to their providers, and rising costs for technology and compliance, many practices are struggling just to maintain their revenue. Below
Overwhelmed with the burden of ever-increasing non-medical obligations, such as reporting and compliance, many practices are considering reducing overhead by moving functions like billing, coding, and collections outside the practice.
Many practices still have a polarized view of in-sourcing versus outsourcing, not realizing that the optimal solution may lie somewhere in between. Insourcing, the traditional model, occurs when the practice