Practice Consulting

Direct Contracting vs Traditional Insurance

Direct Contracting vs Traditional Insurance

Healthcare providers today are navigating an increasingly complex financial landscape. One of the emerging alternatives to traditional insurance is direct contracting. This model offers a refreshing, simplified approach to healthcare delivery and revenue collection, allowing providers to work directly with patients or employers without the administrative drag of third-party insurers. But how does it truly […]

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MSOs in Streamlining Healthcare Administration

The Role of MSOs in Streamlining Healthcare Administration

Healthcare today is more complicated than ever. From changing regulations to administrative overload, physicians often find themselves spending more time on paperwork than on patient care. Enter the MSO: a Management Services Organization. But what is a management service organization, and why are so many healthcare providers turning to them? In this blog, we uncover

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Know Your Margins

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

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Happy New Year!

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

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