revenue cycle management

Are you thinking about opening up your own medical practice? Managing a business can be just as stressful as working the floor. Don’t worry! The experts at ClinicAnywhere have the tools to help you get started. Learn more.

Don’t Wait

Commit to your decision. Once you decide you want to own your own practice, take the first step. You can never be fully ready, but with help from the experts at ClinicAnywhere, you can be more prepared.

It is okay to be a little nervous and excited, but not stressed or overwhelmed! Owning your own practice is a big responsibility; however, it is also very exciting. You have such great potential ahead of you. Unlike when you work for a hospital, organization, or another physician, when you own your own practice, all revenue is yours. You are not required to turn over 50% or more of it to your employer.

Take the First Steps

So, you’ve made the decision to open your own practice. You’ve committed to the idea. Where do you begin? First, consider location. Neither you nor your patients should have to commute hours to get to your office. Find a centrally located office that is near a hospital. This way, if you have patients that need to be referred to a hospital for tests or procedural work, they don’t have far to drive.

After you’ve found the perfect office, customize your practice. What sort of atmosphere do you want to provide for your patients? Purchase the right decor to give the right feel. How many patients do you plan to see a day? This will determine what your hours look like and how many employees you will need on staff.

Make sure that you comply with all HIPAA regulations, and that you have all of the right forms on hand for patients to sign to ensure their safety and your own.

Make Your Dream a Reality

Not only will you be a medical clinician, you will also be a businessperson. There are many things you need to consider to drive your business toward success. From marketing to sales, there are aspects of your business that will need tending to daily. With help from the right revenue cycle management software, you won’t have to worry about a thing.

The right revenue cycle management partner will help you improve poor cash flow and profitability. They will help reduce claims errors and rejections from insurance companies. By shortening A/R to below 30 days, the right company can help you streamline your collections process and monitor all finances.

Founded and managed by physicians, MediTouch by HealthFusion is a fully-integrated EHR and billing software used by ClinicAnywhere to help integrate all your practice data into one easily accessible database. With the right revenue cycle management partner, your practice can get started on the right foot today! Learn more about what you can do with ClinicAnywhere at your side. Contact our experts today.

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