Most people struggle to balance a single full-time job, and it doesn’t get easier when it carries the weight of several other careers. Physicians who own medical practices have other responsibilities ranging from working as a doctor, CEO, entrepreneur to operations manager, which can be hectic and bureaucratic. In fact, approximately 56% of physicians report.
Healthcare is among the largest and most profitable industries worldwide. Whilst the industry has advanced in terms of medical devices and product research, it still lags behind one vital function-Information Technology (IT). The major reason is, concentrating on a function like IT could lead to negligence in terms of providing efficient healthcare services, which could.
Medical billing and its sibling, medical coding, are liable for translating medical intervention into financial information. However, while coding occurs mainly in the background to quantify the reimbursement due for services rendered, billing is essential to the revenue cycle of medical systems by overseeing payment processes. The role of medical billing is critical as it.
A good argument for outsourcing in healthcare is that a healthcare provider’s core competency is diagnosing and treating patients. Therefore, outsourcing non-core tasks in a healthcare facility can go a long way in improving service quality and patient satisfaction. However, outsourcing comes with some risks. As such, it is a tough balancing act, and healthcare.