5 ways physicians can beat the Affordable Care Act blues!
The ACA still continues to be the trending topic of healthcare. Despite scathing criticism, the, ACA, is here, and, here to stay. The focus of medical practices has shifted from fighting against ACA to trying to come to terms with it, and capitalizing on the advantages it offers.
If your medical practice is overwhelmed by the recent onslaught of regulations, these 5 strategies can help you survive ACA, and come out at the other end, more profitable and efficient.
Download the resources on 7 practice management templates which need zero technical skills
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Meet more patients…
The ACA has given rise to millions of newly insured patients. Physicians find patient volume shooting up and more patients beating a path to their door than ever before. Meeting more patients can result in more revenue, but can another patient fit in, in an already packed workday? Most medical practices do not pay much attention to the appointment scheduling process.
No-shows and appointment mix ups are the order of the day. An appointment scheduling and tracking system can greatly automate the appointment scheduling process. Prioritizing visits based on complexity, encouraging open access visits and levying a fine for no-shows can vastly improve the appointment scheduling process and help physicians meet more patients.
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There is safety in numbers!
An increasing number of private practices are gravitating towards ACOs and larger networks. In an environment that is rapidly shifting and as the reimbursement process becomes more complex, it does make sense to join bigger organizations to stay above water. With well-defined business objectives, there is little chance of ACOs going the way of IDEs.
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Document better. Earn more.
There are various CMS initiatives and most of them insist on one thing, better documentation! Accurate documentation can accelerate the entire revenue cycle. Codes are assigned to the highest level of specificity and locating information for additional documentation becomes easier. Under the ACA, there several incentives for physicians who adhere to Obamacare’s, documentation standards, and rules.
Improving medical documentation can not only aid better medical decision making and a more structured billing process but can also help medical practices receive federal incentives.
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Digitize records…
There was a time when physician offices spent enormous amount of money and effort on paper records. Digitizing medical records has proven to be a great time and cost saver. But there are several medical practices, who, cannot come to grips with the drastic changes an EMR can bring to their regular workflow. Joining hands with EMR/EHR experts and template customization professionals can bring about vast improvements in the everyday workflow of medical practices.
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Become more tech-friendly!
The ACA has forced tech down physicians’ throats! But becoming more tech savvy can weed out unproductive processes, facilitate more accountable care and automate existing workflows. Going tech isn’t a bad thing after all!
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