MEDICAL SUCCESS
Not Sure How To Run A Successful Medical Office ?
Start With These 6 Tips
According to the American Medical Association , the number of physicians who work in private practice fell by 13 % between 2012 and 2022 , dropping from 60.1 % to 46.7 %. As the healthcare industry gets more complex to navigate , many providers are letting go of their private practices and opting to work for hospitals instead . While this can be an intimidating statistic for physicians interested in opening an office , it also points to a landscape that is ripe with opportunity .
As long as physicians know how to navigate the industry , they are well-positioned to succeed . With the right tools and resources , opening a medical office is a meaningful , lucrative , and fulfilling endeavor .
Here are 6 tips to help you run a successful medical practice , no matter how the industry changes over time :
1 . CURATE THE PATIENT EXPERIENCE
As with any medical practice , ensuring patients satisfaction is paramount for successful medical offices . This encompasses everything from how your front desk staff interact with each patient to how your bedside manner is during examinations . Often , people go to the doctor for something uncomfortable or painful , and they need to feel safe from the moment they walk through the doors . A few extra touches go a long way :
• Memorize your Patients names and histories — don ’ t make them feel like just another patient ID number .
• Have a calm waiting room with magazines , books , and movie or show options on TV . If you have the budget to offer drinks or healthy snacks , go for it .
• Follow up with patients if they need it . After a procedure or tough conversation , reach out a day or two later to make them feel well-cared for .
2 . OPTIMIZE YOUR BILLING PRACTICES
In the AMA survey above , 80 % of physicians cited the need for better billing negotiations with insurance companies as a top reason for their decision to transition to hospital employment . It ’ s no secret that negotiating with health insurance companies is only getting more complicated as the years go on , but there is plenty that can be done to streamline that process .
By partnering with a medical billing provider like Quick Claimers Medical Billing , you can avoid all the bureaucracy that comes with practice billing , and , instead , focus on your patients . Let us handle the negotiations , coding details , and even system setup so you don ’ t have to .
3 . PRIORITIZE CYBERSECURITY
Because of the amount of sensitive patient data stored by medical offices , they are lucrative targets for cybercriminals . In 2023 , the healthcare industry reported the most expensive data breaches , with each incident costing $ 10.93 million on average . Not only are providers bound by HIPPA to prioritize the highest data standards around patient information but they also face a much higher risk of being the target of an attack .
Things like network security plans , good internal cybersecurity practices , and cybersecurity insurance can make a world of difference in the event of a breach . Medical offices need to be ready to respond . Don ’ t wait until it ’ s too late . Get a cybersecurity strategy in place from day one .
4 | QuickClaimersMedicalBilling . com