Power Your Practice

The U.S. Department of Commerce estimates that $500 billion is lost to internal business theft every year. With health care found to be the third most embezzled industry in the country, your medical office – like all others – is at risk of being affected by employee fraudulence.

The good news is that by taking a few extra precautions, diligently monitoring your business operations and deploying a system of checks and balances, you can lower your embezzlement risk.

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Now that 2012 is upon us, your transactions should be compliant with the HIPAA 5010 policies.

Hopefully you didn’t delay your 5010 transition. Just because the Centers for Medicare and Medicaid Services (CMS) won’t enforce their non-compliance penalties until March 31, 2012 doesn’t mean you should hold off on implementing the new transaction standards.

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There’s a growing revolution in the healthcare industry that is changing the way providers and patients communicate, collaborate and interact.

Cloud computing is a transformative innovation in healthcare IT and has become a popular tool for practice management.

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Recently I was talking to one of my clients about self-improvement. I asked him, “How many people get up in the morning and think about how they could be better today than they were the day before?”

He answered, “Not enough,” and added the Henry David Thoreau quote: “Most men lead lives of quiet desperation.”
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Statistics on the increasing popularity of Software-as-a-Service (SaaS) applications and other cloud services point to a positive correlation between healthcare and cloud computing.

Unfortunately, many marketers are taking advantage of the trend to rebrand traditional software applications as cloud and mislead potential customers.

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If your practice is fortunate enough to be busy in this economy, you’re likely seeking cost-effective ways to enhance patient care and better accommodate your high patient load.

Bringing on another full-time physician might be the ideal solution, but perhaps that’s too expensive a proposition. If you’re like many other practice managers, you may be considering hiring a nonphysican provider (NPP).

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