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Payers are already rolling out initiatives to address Social Determinants of Health (SDoH). Some are also incorporating SDoH into value-based payments models.
Medical practices that consistently apply a disciplined approach to strategic planning are better prepared to evolve as local markets change and industry undergoes reform.
When a medical practice decides to outsource billing, a key priority is choosing a reputable vendor they can trust with their patient’s medical information.
It is imperative that all physician owners have a shared vision and that all staff members are aware of the desired future direction of the practice.
When the burden of addressing physician burnout is placed solely on doctors, it overlooks important systemic causes that physicians do not control.
Forming a joint venture with another healthcare organization may be seen as a plausible solution. The success of a joint venture though highly depends on thorough research and analysis of the objectives. Here are some pros and cons of joint ventures for medical practices.
The decision to merge should be fully vetted before physician groups decide to go ahead given the risks and the average performance of returns.
Nomad has created a digital platform that helps healthcare professionals looking for work connect with healthcare facilities looking for staff without the need to go through a third-party recruiter or broker.
A joint venture is an agreement between two or more healthcare entities usually entered with a specific goal in mind. Each party is invested in terms of capital contribution, the time and effort put forth to complete the defined tasks. The partners pool their resources and expertise and share in the risks and rewards.
From hacking into medical devices to altering AI algorithms, cyberattacks pose a threat to human health and could even be fatal. Healthcare organizations must understand the true extent of these types of threats and put into place the right proactive measures—the public's trust depends on it.
EHRs weren't designed to enhance the doctor-patient relationship, but there are simple ways doctors can refocus visits on the patients.
In an increasingly self-serve society, healthcare organizations must offer sophisticated patient portals and patient engagement technologies in order to bring value to patients and efficiencies to their organizations.