You may have heard the term “entrepreneurship” more than once by now. As a refresher, it is when a person undertakes a new business venture. In the case of medical providers, this means starting a private practice instead of working in, say, hospitals. Many decide to...
Navigating payer contracts can be challenging for any healthcare provider. While many have in-house departments to handle them, many other structures opt for hiring healthcare consulting firms that can offer experience-backed reliability. Whether you are part of the...
In 2022 alone, 83.4% of adults visited with a doctor or other healthcare professional and 93.9% percent of children did [1]. If those seem like impressive statistics, what do you make of the fact that there were 1 billion office visits? Safe to say, office-based...
As the healthcare industry continues to expand and adopt new technologies, the challenge providers face is to juggle the administrative, business side of things while prioritizing their patients. Enter: industry experts. Consultants that make up healthcare consulting...
If you run a medical practice, you know how vital payer contracts are for your revenue cycle. A payer contract defines the reimbursement structure and schedule for the medical services you provide to the patients with a specific health plan. In addition, it explains...
Payer contracts are critical to our healthcare system and the revenue cycle of all practices. Negotiating better payer contracts can help healthcare organizations to generate more revenue, creating a more suitable environment for better patient care. If you want to...
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