Managing a medical practice is more than just delivering quality patient care—it requires handling administrative, financial, and operational responsibilities that can quickly become overwhelming.
In today’s healthcare landscape, patient responsibility—payments made directly by patients, including copays, deductibles, and out-of-pocket expenses—accounts for an average of 30% of a practice’s revenue.
Managing employer benefits is a critical yet complex task for any medical practice. From selecting the right health insurance to administering retirement plans, each component requires careful planning and execution to avoid costly pitfalls.
As colder weather approaches, now is the perfect time to optimize your practice’s utility costs. With energy prices rising, finding ways to reduce expenses can have a significant impact on your bottom line.
Running a successful medical practice requires attention to countless details, from patient care to financial management. One area that can be particularly challenging is navigating the complex world of insurance.
Managing a private medical practice comes with a myriad of challenges, especially when it comes to controlling costs without compromising on quality.
At Orchard Medical Management, we understand the complexities of managing the financial aspects of patient care.
Credentialing for physicians is a crucial process that involves verifying the qualifications, experience, and professional background of healthcare providers. This ensures that they meet the necessary standards to provide medical care.
In the intricate landscape of healthcare billing, incident-to billing stands as both a boon and a challenge for medical practices. Understanding its nuances can be the key to unlocking greater efficiency and revenue potential, especially concerning the utilization of nonphysician practitioners (NPPs).
In the ever-evolving landscape of modern business, denial can be a silent killer. Whether it's refusing to acknowledge flaws in a process, turning a blind eye to technological inefficiencies, or denying the need for organizational change, denial can stifle growth and innovation.
