Questions physician practices should answer in 2020 and beyond
Physician practices ultimately measure success through performance and results, and as the market continues to demand greater quality at lower costs, physicians must continually rethink their definition of success at their practice. Technology can provide a foundation for achieving success, but alone isn’t enough to achieve sustainable results.
Translating physician expertise in care delivery into processes and programs that elevate the success of your practices in 2020 requires much more than technology. It requires expertise and a depth of experience and resources that can be brought to bear exactly when and where needed.
For practices already balancing so much, that’s a lot to ask. To be successful in 2020, ask yourself these key questions about the expertise of your practice:
Practices must ask: Is my financial solution’s workflow a truly unified, efficient revenue cycle process that enables confidence in our reporting and increases efficiencies?
A practice can achieve a higher level of expertise-based performance that delivers breakthroughs in both clinical and financial outcomes. How? By implementing clinical, financial and operational workflows with best practice revenue cycle management services that improve and streamline your revenue cycle.
Ultimately, making your practice even more successful.
Practices must ask: How am I identifying at-risk populations, defining gaps in care, and tracking key clinical and financial performance indicators? Where can I improve?
Physicians NEED to focus on caring for patients to ensure that they are promoting wellness in their communities.
Today, the most important and differentiating value-add comes from people. It comes from experts and from partners with deep expertise and resources that can be brought to bear exactly when and where needed in a practice.
The U.S. healthcare industry continues to inch toward value-based care and away from fee-for-service. With this shift comes barriers, factors to accelerating the adoption of programs, benefits and adapting to a new landscape.
One of the biggest barriers to adoption of value-based payments, in terms of practice sustainability, is the unpredictability of revenue stream. This adds difficulty understanding the complexity of financial risk involved in these programs.
Lack of resources (short-staffed, insufficient healthcare IT software) is another huge barrier to the fee-for-service shift. Implementing health IT systems can handle population health initiatives.
That’s why Allscripts packages the services and people that physician practices need to support the technology, enabling physicians to focus on delivering care.
We think that helping you achieve a higher level of expertise-based performance that delivers breakthroughs in both clinical and financial outcomes can make your practice even more successful than it is today.
Could you use a partner that delivers expertise right where you need it? When your expertise meets ours, the possibilities are endless. Learn more.