Every successful medical practice has one thing in common: structure. But behind the visible systems lies something even more crucial — compliance. While it might sound like just another bureaucratic term, compliance is actually the invisible backbone that keeps your practice safe, profitable, and running efficiently. If your medical office doesn’t yet have a compliance
Top 5 Reasons Your Practice Needs a Compliance Plan Read More »
In an era marked by unprecedented technological advancements and shifting healthcare landscapes, the medical field is experiencing a paradigm shift in its operational strategies. One such innovative approach that has gained prominence is shared staffing—a novel ancillary designed to optimize cost savings and leverage economies of scale. This revolutionary concept is transforming the way medical
Shared Staffing – The New Ancillary Read More »
If you have been following the IHBS newsletters, you will know IHBS has had Medicare Advantage plans on our radar for sometime. However, if you are new to The Independent Physician, here is a brief history. Medicare Advantage plans hit the market at a tremendous pace. At first glance, they appeared to be similar to
Medicare Advantage 2024 Outlook Read More »
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
Contracts, Contracts, Contracts Read More »
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
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
To Telehealth or Not To Telehealth Read More »
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
Things To Consider When Choosing An EMR Read More »
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 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
