Providers often enter into agreements with vendors and once these agreements are in place, they are never reviewed again. Unfortunately, this is a common occurrence with pharmaceutical vendors where margins can be slim at best. Over time, the cost of these medications rise and reimbursement either shrinks or stays the same. This leads to diminishing …
Insurance contracts are one of the most valuable assets to any medical practice. However, as time goes by, offices put them in a filing cabinet or even misplace them never to be seen again. When we consult for a practice in dire straights, one of the first items we ask to review are the insurance …
As providers continue to navigate the new norm due to COVID, we have many providers asking do I provide telehealth or not. For some specialties, such as primary care, this decision is a no brainer. However, for some specialties such as orthopedics, many providers feel it is not a good fit. While you can’t do …
Many practices often ask why staff assessments are needed on an ongoing basis. Managers and providers often think that once a person is established in a role, the practice should run like a well oiled machine. Unfortunately, failure to check in on current process and responsibility leads to blended unfocused roles and many times lost …
Providers ask all the time, what should I look for in an EMR? It is very easy to get wrapped up in a sales pitch. Many times providers make a choice based on one quick demo. Unfortunately, many regret a fast decision and pay for it in reduced productivity and lost revenue. Here are a …
As we say goodbye to 2017, and begin looking towards 2018 what changes are you thinking for your medical practice? It is always good to have a plan and goals especially for your business. Are you thinking about increasing your revenue, changing your EMR or adding patient surveys? IHBS can help you accomplish what you …
Is your practice losing revenue and you don’t know why? If so, an AR scope could benefit you. This complementary service provides feedback on otherwise
