Priority Practice Management LLC

💢 The Growing Concern of Out-of-Pocket Healthcare Costs Out-of-pocket healthcare costs are becoming a major barrier to patient satisfaction and access to quality care. High deductibles and surprise bills are forcing many to delay or even skip treatment, making patients lose trust in our healthcare system. According to an Ipsos poll, 3 in 4 insured Americans do not believe that health insurance provides everyone with affordable access to necessary care. Many individuals support policies that reduce the amount of out-of-pocket costs that patients have to make, like annual payment caps. Providers can do their part in improving the patient experience by adopting transparent billing, financial tools, and clear communication about patient finances. However, real progress in care affordability demands systemic changes to improve accessibility across the board. ⚙️ Need help managing your private physician practice? Priority Practice Management takes the burden of administrative duties off your heavy workload so you can keep the focus on your patients. Learn more ➡️ https://lnkd.in/gpYmTyzz #PrivatePractice #Physicians #HealthAdministration #PrivateDoctor 📚 Full article: https://lnkd.in/ehNJ7xE6

🤝 Strategic Partnerships in Healthcare Partnerships in healthcare are collaborations between different organizations or individuals with the goal of fostering innovation, improving access to care, and enhancing patient outcomes. Private physician practices are stronger when collaborating with partners, able to run more efficiently in a challenging healthcare landscape. Many different forms of strategic partnerships can prove useful to your business. Here are some examples: - Patient-Provider Partnership: Patients are actively involved in their own care, working with their provider to make decisions. - Community Partnership: Providers can work with their surrounding community to address social and environmental factors to public health. - Ecosystem Partnership: Diverse stakeholders among healthcare providers, innovators, and payers work together with the goal of improving patient outcomes. 💡 Ready to optimize your private physician practice? Learn more about how our expert management solutions can grow your business here ➡️ https://lnkd.in/gpYmTyzz #PhysicianPractice #PrivatePractice #StrategicPartnerships #HealthcarePartners 📚 Full article: https://lnkd.in/eqBnq94J

🎄 Tips for Private Practices in the Holiday Season The end of the year is a critical time for private practices where we can reflect on our past year and look forward to the next one. Here's some tips for how your practice can make the most of these final weeks: 💸 Review Your Financial Performance: Do a deep dive on your 2024 revenue and expenses so you can identify areas for improvement. Take the time to focus on ways to reduce claim denials or renegotiate vendor contracts. 📋 Update Compliance and Documentation: Ensure your practice is ready for regulatory updates by updating coding practices and training your team on compliance changes. 🧑⚕️ Optimize Staffing: Plan for peak patient volumes in the new year by addressing any gaps in staffing now. Offering additional training or support to your team can ensure a smooth workflow. With Priority Practice Management, we can help your private physician practice hit the ground running in 2024! Learn more on our website ➡️ https://lnkd.in/gpYmTyzz #PrivatePractice #PracticeManagement #HealthcarePractice #Physicians

👩⚕️ Your Patients Deserve Your Attention, Your Business Deserves Ours At Priority Practice Management, we know where your priorities lie: with your patients. That's why we're here to handle the administrative side of your private physician practice so you can focus on delivering exceptional care. We offer a full suite of consulting services designed to: ✔️ Grow your practice ✔️ Enhance patient experience ✔️ Improve your bottom line You can get in contact with us on our website today to start getting out of the weeds and back to patient care ➡️ https://lnkd.in/gpYmTyzz #HealthcareConsulting #PrivatePractice #PracticeManagement #PatientCare

🎇 Boost Your Practice's Revenue with Claims Education 22% of claim denials being attributed to coding issues, payer requirement inconsistencies, and medical necessity requirements. Strengthening your private healthcare practice's revenue cycle begins with establishing a good baseline understanding of the claims process. Experts from the American Medical Association emphasize that proper medical coding education is the cornerstone of effective revenue cycle management. Productivity and profitability can be boosted by a reduction in denied and underpaid claims, which starts with doctors being empowered and educated about the claims process. Evaluation and management codes, prior authorization, common modifiers, and payer policies are all important topics to cover so your claims process can be more prepared and streamlined. ⚙️ Need help covering the administrative side of your private physician practice? Priority Practice Management can relieve you of managerial burdens so you can focus on your patients. Learn more ➡️ https://lnkd.in/gpYmTyzz #RevenueCycle #PrivatePractice #HealthcareClaims #PrivatePhysician 📚 Full article: https://lnkd.in/gGEMWBZm

🔮 How Patient-Centric Innovations Shape Patient Experience As the demand grows for improvements in patient experience, healthcare consumers are becoming increasingly aware of their own connections to healthcare. Today, more and more patients are expecting accessible approaches to clinical care that prioritizes both care quality and patient experience. According to an article by Omnia Health, it's critical that we continue innovating with the patient's experience in mind. Advancements in digital health and MedTech give rise to more personalized and comfortable consumer experiences. Moreover, entire healthcare models being shaped around patients can lead to better care quality, with value-based care focusing entirely on patient outcomes. ⚙️ Priority Practice Management can help relieve the administrative burden of your private physician practice. With our experience in both business management and clinical healthcare, we'll support your practice so you can keep the focus on your patients. Learn more here ➡️ https://lnkd.in/gpYmTyzz #HealthcareConsulting #PrivatePractice #Physicians #ValueBasedCare 📚 Full article: https://lnkd.in/g7ZJCT8S

👩⚕️ With Priority Practice Management, stand-alone physician offices of all sizes and specialties can count on a comprehensive set of consulting services. Our capabilities are designed to increase efficiency, improve workflow, and add economic value to your physician practice, helping you increase cash flow and maximize patient outcomes. Learn more about how we can help grow your private practice and get in contact with us ➡️ https://lnkd.in/gpYmTyzz #Physicians #PrivatePractice #PrivateDoctor #HealthcareConsulting

🩺 Understanding Practice Payment Models Many physicians join the workforce without much prior knowledge of how healthcare is paid for. The payment model your practice uses affects several facets of a physician's job, including your income, autonomy, and work-life balance. According to the American Medical Association, here are some key takeaways for understanding common healthcare payment types: 1. Fee-for-Service: Payment based on patient volume. High earning potential, but can put on pressure to see more patients. 2. Value-Based Care: Payments based on achieving goals. More stability and focus on quality care, but can limit flexibility. 3. Capitation: Payments received per patient per month. Allows for smaller panels and more time with patients, but can lead to pressure to control costly medications, imaging, and referrals. 4. Bundled/Episode-Based: Payments based on episodes of care. Allows practices to achieve higher revenue, but is more complex with coordination of services. 5. Concierge/Direct Primary Care: Receive a monthly/yearly fee for each patient for primary care services. More physician autonomy, but may have more dependence on after-hours accessibility. 💡 Need help running your private practice? Priority Practice Management provides a host of practice management services so you can focus on your patients. Learn more ➡️ https://lnkd.in/gpYmTyzz #PracticeManagement #PhysicianPractice #PrivatePractice #Physicians 📚 Full article: https://lnkd.in/ggb9xHnU

⛅ With the end of daylight saving time, many of us will feel the shift in energy that comes with less daylight. For some, though, this seasonal change brings more than just a passing slump -- it can cause Seasonal Affective Disorder (SAD), a form of depression that typically arises in fall and winter and is linked to reduced sunlight. Season Affective Disorder can affect mood, energy levels, and our overall ability to stay concentrated and motivated throughout the day. It's important to remember how much our mental health is tied to our environment, especially when the amount of natural light you receive decreases. According to Kaiser Permanente, here are some common ways to treat SAD: ☀️ Lack of sunlight can cause serotonin levels to drop. Try to step outside just a few times a day to get extra sunlight whenever you can. 🏋♀️ Exercise can ease symptoms of SAD, even if it's not strenuous. Daily walks, yoga, and strength training are all good options to get your heart pumping! 🛌 A healthy sleep schedule is important for mental health. Going to bed earlier to adjust for the fewer daylight hours can help in the winter. Read the full article here: https://lnkd.in/gqtdi-b8 ⚙️ Is the administrative burden of running your own practice weighing you down? Priority Practice Management can support your physician practice so you can keep the focus on your patients. Learn more on our website ➡️ https://lnkd.in/gpYmTyzz #SeasonalAffectiveDisorder #PrivatePractice #Healthcare

🎃 Priority Practice Management wishes you a Happy Halloween! 👻