It goes without saying that healthcare providers are constantly facing new challenges. This is especially true for physicians vested in the daily operations of their own medical practices. From finances to HIPAA compliance, there is a lot of information to keep track of.
One article from Medical Economics outlines many of these obstacles. Here are a few of the most common challenges:Challenge 1: Meaningful Use Stage 2Has your medical practice met meaningful use requirements? We hope so; as of February 2015, eligible professions will see a 1% reduction in Medicare reimbursements for every year they don’t attest (up to a maximum of 5%). Another point of contention is the patient requirement: 5% have to engage in their health information through a patient portal.
Challenge 2: Paperwork
According to The Practice Profitability Index, 70% of physicians spend at least one day per week on paperwork, up from 58% in 2013. A major source of this burden is prior authorizations, which are increasingly required by payers for prescription drugs and medical procedures. All of this administrative duty carves away at time that could otherwise be spent providing care or following up with patients.
Challenge 3: Increased Operational Expenses
A 2014 survey from Medical Economics revealed more than 84% of physician medical practices are doing the same or worse financially than a year earlier. With such little growth, Medical Economics offered the following tips: automated patient communication systems so that staff can focus on other responsibilities, like greeting patients in the office.
Alert Solutions offers this technology to practices using Greenway, Allscripts, and any other practice management system.
For more information, download our brochure.