To address rising healthcare costs, clinicians have experienced countless shifting demands and requirements over the past decade. While there’s no single solution to address all of the issues that contribute to rising costs, improving care coordination across the healthcare continuum has the potential to dramatically improve patient care, reduce duplicative tests and procedures, and positively impact care quality – saving an estimated $148 billion to $226 billion annually.
The Practice Profitability Index (PPI) provides an annual window into the issues affecting the financial and operational health of physician practices across the US. Reflecting input from more than 5,000 physicians, this third edition reveals how physicians expect practice profitability to trend in the year ahead, the top challenges they’re facing, and the key steps they're taking to shore up operations and boost financial results.
According to the Centers for Disease Control and Prevention, more than 130 million Americans suffer from a chronic illness - Now, Medicare patients with two or more chronic conditions have new care options that are billable under the new CPT code
In a 2014 JAMA survey, physicians reported an EHR-associated loss of 48 minutes of free time per clinic day. Similarly, an IDC Report published in 2013 found that the top reason for physician dissatisfaction with EHR software was lost productivity.
The medical industry is growing more complex every day as insurance reimbursement rates decline, operating costs go up, and administrative challenges increase. From elaborate and confusing payment systems and intricate compliance requirements to IT-related issues like security and reliability, it is becoming increasingly difficult to manage the business of your practice without losing focus on what matters most – your patients.
Use these questions to help guide your decision. It’s worth it to take your
time evaluating your options so that you get the best service possible from
the start. Kareo Billing Service gives small practices easy to use front-office
tools, expert billing staff, and a flexible, refreshingly transparent approach to
partnering with a billing service.