In the fast-paced world of healthcare management, revenue cycle management (RCM) is often overlooked. But did you know that RCM Key Performance Indicators (KPIs) hold the key to unlocking operational efficiency and financial success? In this article, we delve into the secret of RCM KPIs and how they can revolutionize your healthcare organization's performance. What are RCM KPIs? RCM KPIs are performance metrics that track and measure various aspects of the revenue cycle in ...
Revenue Cycle Management (RCM) plays a crucial role in the healthcare industry, ensuring the financial stability of healthcare providers while delivering quality care. In this article, we will explore the future of healthcare and the significance of RCM Key Performance Indicators (KPIs) in optimizing revenue cycles. Importance of RCM KPIs in Healthcare Efficient revenue cycles have a profound impact on the overall healthcare ecosystem. By effectively tracking and measuring RCM KPIs, healthcare providers can identify ...
At the heart of any healthcare organization is the desire to provide exceptional care to patients while ensuring the business remains profitable. To achieve this balance, healthcare providers need to have a strong understanding of their key performance indicators (KPIs) and use analytics to support their performance. In this post, Zymeda Provider Solutions will explore three key analytics tools that can help healthcare providers optimize their KPIs, including ERA/EFT, Eligibility Portals by Payors, and ...
Translating a customized care model for a specific demographic of patients into improved patient care outcomes, reduced cost of healthcare, and increased revenue is no easy task, but with the right team establishing the outline, identifying patients through analytics, submitting encounter data, flagging patients and providing detailed clinic status reports, payors will see that patients are receiving the level of care that prevents hospital admissions and improves the health of the whole patient, especially with ...
Workplace culture can make or break a business. Numerous books and research have shown a great work culture can lead to improved employee engagement. Employee engagement impacts retention, productivity and the way your teams treat your customers, in this case, your patients. A happy staff member will go above and beyond for patients, flag potential issues early and always be looking to innovate and make the practice better. We’ve all heard about the amazing ...
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. How frequently do you think about your practice’s online reputation? Do you know if your online reputation is positive or negative? Do you have a process to capture and manage reviews from your patients? Often, medical practices overlook the importance of their online reputation. But the bottom line – it matters ...
Operating a medical practice is more than just practicing medicine. Whether you’re a veteran physician with an established practice, or a novice practitioner branching out for the first time, the business side of your medical office can be overwhelming. You have two full time jobs…business owner and doctor. You don’t have to do it alone. Medical practice management consulting helps independent practices achieve their goals without sacrificing patient care quality. They guide ...
Part 4 – Beginning Your Job Search: Who and What You Know If you’re just joining this blog series, we encourage you to spend some time with Parts 1, 2 and 3 to get a great framework for what we’re discussing in Part 4 – Beginning Your Job Search: Who and What you Know. If you’re a new physician reading this, we’ve guided you in Part 1 towards making the most informed choice ...
Part 3 – Beginning Your Job Search: Prep and Landing In Part 1 and Part 2 of this blog series, we guided the new physician in making the most informed choice for your career in medicine and also provided tips for assessing the opportunities available to you. This month’s article will discuss what happens after all that initial research footwork is done – preparing for the job search itself. Easier said than done, your search for ...
Part 1 of 3 One of the most rewarding aspects of our consultancy at Zymeda is the opportunity we have to regularly present to a wide variety of physician audiences all over Southern California. From financial to practice management topics, we truly enjoy bringing practical and useful information to physicians and their administrative staffs. One of the weightiest topics we often speak on is directed to the new physician – fresh out of his or her ...
