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What Your Private Practice Operating Budget Should Look Like

Valant

Key Components of an Operating Budget Overhead costs are the ongoing expenses required to maintain a practice’s operations, excluding direct patient care costs. EHR systems handle administrative tasks, improve patient care coordination , and simplify compliance. The value an EHR provides outweighs the investment.

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Optimizing Medical Office Operations in the Age of Artificial Intelligence

Medical Economics

From revenue cycle complexities to administrative burdens, these challenges impede exceptional patient care. By leveraging AI, practices can streamline revenue cycle management, improving coding accuracy, predicting and mitigating claim denials, and automating patient collections. Yet, AI presents a transformative opportunity.

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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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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.

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The Intersection of Healthcare Economics and Digital Transformation

EvidenceCare

Healthcare executives today are at the crossroads of managing rising costs, improving patient care, and navigating digital transformation. By integrating digital tools that seamlessly connect with both in-person and virtual care, organizations can improve coordination, reduce burnout, and ultimately deliver more efficient patient care.

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Running Your New Practice: 4 Functions to Consider Outsourcing and Hiring For

Valant

By understanding the pros and cons of each decision, practitioners can make the choices that allow them to focus on delivering quality patient care and setting their practice up for success. Insurance credentialing facilitates provider participation in insurance networks, expanding patient access and practice revenue streams.

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Navigating the Transition from Clinical to Administrative Roles in Behavioral Health Practice

Valant

While clinical roles focus on direct patient care, administrative roles are geared toward strategic decision-making and understanding sustainable growth. As a clinician, your primary focus is on patient care and therapeutic outcomes. Provide ongoing training and development opportunities to help them grow.

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