Fri, 30 Jul 2021

Many private-practice doctors are finding it increasingly difficult to manage the pressures of running their businesses. The majority of these forces eventually drain a large percentage of their income. We've spent years studying different aspects of running your own practice and how we might improve them. We'll discuss one specific EHR software, AdvancedMD EHR software, and how it can help you realize your practice's full potential in this post.

We'll go through four techniques you may utilize to keep more of your profits and increase your clinical efficiency without spending any more money. Although these tactics were created for practices that may have neglected certain features, they can also be employed by practices to improve their processes.

Strategy #1 Perform E-Eligibility Checks

Although you may already be aware of this function, conducting e-eligibility checks before to the arrival of your patients is a wonderful approach to avoid any payment issues. According to a recent study, one of the leading causes of lower profits is rejected claims. Sure, you may argue that denied claims can be caused by a variety of factors. A lack of pre-planned insurance eligibility verification is probably the most typical explanation.

How can AdvancedMD help you?

Before patients walk into your office, run insurance e-eligibility checks. To reduce the likelihood of claims being refused, you should be able to complete e-eligibility checks one or two days before the appointment. Although e-eligibility insurance checks are included as a basic function in AdvancedMD EHR software, how you use it is up to you. After all, having the best sword in the world is one thing; understanding how to use it is quite another.

You might be thinking if double-checking insurance eligibility a day or two ahead of time is excessive. While this may appear to be the case, it allows you to address any issues with the insurance you obtain ahead of time. You can also notify your patients about their insurance issues before your visit.

You won't be able to do anything about it if you verify insurance eligibility during the waiting period or even worse after they've completed the appointment. You'll have a greater bad debts section in your financial books as a result.

For information regarding the AdvancedMD EMR demo, reviews, pricing, and more click here.

Strategy #2 Simplify Payment Options for Patients

According to recent studies, taking a patient's co-payment amount minimizes the amount of money that isn't collected throughout their medical treatment. The ability for patients to pay at the time of service is critical, but it is also frequently disregarded. You're actively losing money, whether you're too preoccupied with reducing patients' early reluctance to pay or you have a restrictive payment process.

How can AdvancedMD help you?

Make it simple for your patient to pay. Instead of merely accepting cash or checks, you can also accept online payments using a credit or debit card. You can use the credit card processing function in AdvancedMD EHR Software with an integrated AdvancedPM to streamline your payment alternatives for your patients.

If you're already doing that, you can make sure that all of your check-out methods are in the right location and that the procedure is simplified rather than complicated. This may entail educating your employees to assist patients whenever they encounter a difficulty.

Strategy #3 Empowering Patients with Control Over their Appointments

Nobody enjoys being taken advantage of, especially practitioners. No-shows account for a large number of your lost earnings. You may even wonder if you should have rescheduled with another patient instead of waiting for a patient who isn't going to show up.

According to current studies, people are rarely more than eight feet away from their phones at any given time. Because patients' phones are so close to them, you may empower them to reschedule appointments to save you time and send them automated reminders.

How can AdvancedMD help you?

Comparing AdvancedMD pricing with their features, you get one of the highest values in the industry.

Allow patients to cancel or reschedule appointments at any moment via your patient portal, and send them automated reminders. You may communicate with patients by allowing them to schedule/reschedule appointments, message directly with you, and more using AdvancedMD EMR software's engaging patient portal. With an excellent patient portal like AdvancedMD EHR, the possibilities are virtually limitless.

Strategy #4 Error-Free Claims Submission

Nothing in this world is perfect, but that doesn't rule out the possibility of the next greatest thing. Faulty claim submissions are the second most common cause of claim rejection. When filing error-free claims, you must analyze a variety of issues ranging from inappropriate format to wrongly coded diagnosis. Most top-tier healthcare systems have a pre-defined system of checks in place to verify that submissions are precisely recorded and error-free before they are sent out.

How can AdvancedMD help you?

Based on top AdvancedMD EMR reviews, you can submit submission claims without errors. I understand if you think that's easier said than done, and you're correct. There's no way to verify if your claims are error-free before the deadline if you're doing it manually. With AdvancedMD EMR software, you get a top-notch submission claims checker that guarantees your claims are submitted correctly, in the correct format, and on time.

Any modifications in healthcare regulatory regulations are also updated on a regular basis by AdvancedMD EMR. For example, in January 2021, they were one of the first to implement their new E&M adjustments.

Conclusion - Build Engagement with AdvancedMD EHR

Patients expect participation in this digital age. I don't simply mean during their visit; I also mean before and after. Without spending any additional money, you can enhance patient engagement, boost revenue, and unleash your practice's potential with a few simple tactics.

Everything matters, from providing automated appointment reminders to streamlining your payment procedure. Whether you increase or decrease, revenue will be determined by how you engage with your patients. AdvancedMD EHR software is one of the most effective tools you can utilize to achieve so.

AdvancedMD EMR makes it easier to simplify payment alternatives for patients, do e-eligibility checks, submit error-free claims, and communicate with patients via their patient portal.

Connect with Software Finder for a free tailored consultation session with one of our experts to learn more about how AdvancedMD can help you bridge the gap between you and your patients.

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