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Opening Your Own Practice vs. Working at a Group Practice: Pros and Cons

Valant

This level of control allows you to create an environment that reflects your priorities for patient care. You can decide to specialize in certain treatment methods or set up your practice to be more welcoming and accessible to specific patient groups. These responsibilities consume time you could otherwise spend with patients.

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5 Ways to Use Outcome Measures Data

Valant

Outcome measures data provides the takeaways used to evaluate the effectiveness of treatments and to ensure that patient care meets established quality standards. This approach is a departure from traditional fee-for-service models , which pay providers based on the volume of services they deliver.

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Understand your Revenue Cycle to set your medical practice for success 

Health Prime

The revenue cycle in healthcare refers to the entire process of managing the financial aspects of patient care, from the initial appointment scheduling to the final payment received for services rendered. This information serves as the foundation for billing and reimbursement processes.

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Hiring New Providers and Setting Them Up For Success: A Guide for Behavioral Health Practices

Valant

Do your providers often run out of time for daily tasks like clinical notes and billing-related work? Do patients struggle to schedule timely appointments and/or contact their provider when needed? Ask yourself the following questions about your practice: Are you turning away potential clients due to lack of bandwidth?

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How EHR Reporting Helps Identify Areas of Improvement for Your Practice

Valant

Clinical reporting is a critical tool for optimizing a practice’s operations, ultimately leading to improved patient care and outcomes. Consequently, basing decisions on inaccurate or incomplete data could lead to misguided treatment plans, compromised patient care, and potential legal ramifications.

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Five healthcare trends to watch for in 2024 

Health Prime

AI and Machine Learning in medical billing: Streamlining processes In 2024, Artificial Intelligence (AI) is expected to continue its upward trajectory in the healthcare sector. Therefore, healthcare organizations must implement comprehensive data analytics and reporting tools to accurately track and measure patient outcomes.

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Meeting Psychiatrists’ Technical Needs: A Practice Owner’s Guide to EHR

Valant

Additionally, if your EHR can collect payment before patients join a session, you can save providers the hassle of asking for it before, during, or after the session. Billing and Coding Support A good EHR can help you avoid common billing errors for a smoother, more dependable revenue cycle.

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