By Carol A. Wilcox
PREFERRED Therapy Providers, Inc.
As another year comes to a close, we’re taking some time to highlight some of the top blog posts that you, our nearly 1,500 rehab therapists, office administrators and clinic owners who subscribe to our newsletters and blog told us were the most popular. This year, it was all about revenue cycle management, marketing and HIPAA compliance.
As we wrap up 2019, here are the top 5 blog posts from this year. If you didn’t catch these this year, just scroll down and click on the title to read them. As always, we appreciate your feedback and suggestions.
How to prevent the drain in lost revenue
Do you want to improve cash flow for your healthcare practice? Wondering how much revenue you’re losing each month from no-shows and cancellations? According to this resource missed appointments cost the U.S. healthcare system $150 billion each year. A study in 2016 found that the average annual patient cancellations and no-shows for healthcare practices both large and small and in every type of specialty was nearly 20%.
Every business has areas where they can improve profitability and healthcare practices are no exception. With higher deductible health plans, increasing operational costs and burdensome administrative requirements, finding ways to stream line efficiencies is crucial to the success of a practice, regardless of size.
In this article, we have outlined 5 ways to boost your practice profitability. These are simple strategies that you can implement in your practice right now with minimal time and expense.
[Free marketing handout for clinics]
Air travel is tough on the body, especially for those who are already experiencing aching joints and sore muscles. Sitting in a cramped plane for hours or even hoisting a suitcase from baggage claim can cause an injury to flare up and worsen. Here are some recommendations from your physical therapist for steps you can take to prevent air travel injuries.
Are you looking for ways to save money in your clinic without compromising the quality of care you provide to your patients or doing without the staff you need to stay in business? Here are 7 money saving tips you can implement right now in your healthcare practice.
If you have heard about email encryption but aren’t exactly sure what it means of even if your healthcare practice really needs it, you might want to read on, especially if you email any type of Protected Health Information (PHI).
PHI is everywhere, even in places that are not as obvious as in Electronic Health Record systems (EHR). PHI is any type of information that can identify a patient or provide information regarding their healthcare. PHI applies to all healthcare organizations, regardless of size, and whether or not a practice participates in Medicare.
This article is brought to you by PREFERRED Therapy Providers Inc. PREFERRED is the nation’s leading payor management services network. Our expertise is working with physical, occupational and speech therapy practices – from single clinics to multiple clinic locations.