Practice Consulting

Accurate Valuation Is Critical Before Merging Medical Practices

Why Accurate Valuation Is Critical Before Merging Medical Practices

In the fast-evolving world of healthcare, strategic mergers between medical practices are becoming more common. Merging can offer countless benefits, from cost efficiencies to expanded patient services. But one crucial step determines whether the merger will lead to growth or unexpected loss: accurate valuation. Without a precise medical practice appraisal valuation, practices risk overpaying, undervaluing […]

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Managing Workload in a Busy Medical Office

Top 5 Tips for Managing Workload in a Busy Medical Office

Managing a busy medical office is one of the most demanding challenges healthcare professionals face today. Physicians and their teams balance patient care, administrative duties, regulatory compliance, and unexpected tasks daily. Learning how to prioritize work in the medical field is crucial to avoid burnout, improve efficiency, and maintain the highest standards of patient care.

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Accounts Receivable Management System (ARMS)

Why Every Healthcare Practice Needs ARMS

What Is an Accounts Receivable Management System (ARMS)? ARMS refers to the integrated system used to manage, track, and collect outstanding balances owed to a healthcare provider. This includes patient co-pays, insurance reimbursements, denied claims, and follow-ups. An effective ARMS typically includes: Automated claim tracking and resubmission Denial management tools Real-time reporting on AR aging

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Benefits of Interim Management for Healthcare Practices

The Benefits of Interim Management for Healthcare Practices

When a healthcare practice faces a leadership gap, sudden growth, or operational inefficiencies, the solution is not always a full-time hire. Interim management and consulting offer practices the expertise they need, exactly when they need it. This powerful solution brings experienced professionals into critical roles, stabilizing operations while laying the groundwork for long-term success. Interim

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Ancillary Services Align with IHBS Driving Practice Growth

How Ancillary Services Align with IHBS: Driving Practice Growth

Medical practices face growing pressure to provide exceptional patient care while maintaining strong financial health. The challenge? Limited time, rising costs, and complex administrative demands. In this landscape, ancillary services are no longer optional. They are a strategic pathway to growth, efficiency, and long-term sustainability. At Innovative Healthcare Business Solutions (IHBS), we do more than

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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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