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What are your Plans this 2013 ?
Agreed ! It is probably too late in the year to make a resolution list, and berate yourself the whole year for not following it. But it is never too late for change. The year brings with it lots of changes to the way you work. From working towards Meaningful Use requirements to choosing those nine CQMS you want to qualify for !
Ten Steps you must take to Ensure you roll with the Punches !
1. Being the first one off the block does have its advantages! Whether it is testing ICD-10, or educating patients on your EHR do it now !
2. Choose clinical quality measurements keeping your patient population, practice workflow and specialty in mind.
3. Perform an audit. It needn’t be an extensive one that brings everything to a standstill. But make a vow that you conduct “mock audits” on important processes such as billing, regularly.
4. Try to reduce costs on every aspect of your medical practice’s food chain. From stationary supplies to revenue cycle management.
5. Focus on maintaining accurate clinical documentation. RAC audit might just be around the corner.
6. Hire a financial counselor or if it’s too expensive, train your front office staff on financial counseling to collect self pays. Remember it consists of a significant revenue opportunity.
7. Have a clinical discussion with your pharmacist to reduce drug costs.
8. Analyze your AR reports, revenue cycle management reports and look for ways to optimize your workflow and exploit revenue opportunities.
9. Be active on social networking sites. That could be the easiest way to engage with your patients.
10. Instead of setting an ambitious annual goal, set small, practical and immensely achievable monthly goals to increase collections !
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