Want to know how to become a medicare certified provider? The CMS accreditation process requires a survey (inspection) performed by Sate Survey Agencies conducted to ascertain whether or not a provider or supplier meets all applicable requirements for participation in the Medicare and/or Medicaid programs.
Key Performance Indicators
Key performance indicators (KPIs) refer to a set of quantifiable measurements used to gauge a company’s overall long-term performance. If KPI’s are met, this is an indicator of good standing health within an organization.
We’re going to go over the 5 KPI’s that act as healthcare standards for any practice or company to follow.
What is revenue cycle management, and why is it so important? Revenue cycle management is arguably the most important aspect to the success of your healthcare business. Revenue cycle management is the process used to track revenue from patients from the initial appointment or encounter to the final payment of balance.
Are you thinking about opening your own hospital, but don’t know what the best way to go about it is? There’s a lot to think about, it’s a huge undertaking, and many important decisions must be made. As a healthcare management company with many years of experience opening hospitals, we’re here to help guide you in the right direction.
There’s this mindset of denial and fear amongst many right now, business owners are hanging on to this hope and constantly telling themselves “when this is all over……..” “we’ll do this, we’ll do that”, planning their phasing accordingly for when COVID-19 is indeed “over”. But what if it’s never over? Then what? Are you as a business owner going to wait around for months and years to come, or are you going to be pulling your business through COVID-19?
Are you starting a new medical practice or facility? Maybe you already have an established practice? Whatever stage you’re in, one of the most important goals all business owners share is complete operational efficiency. We only hope that in years to come, a natural and peaceful flow throughout the workplace will come about. While operational efficiency is actually obtainable at any stage of a business, it’s actually most important to be operational efficient from the very start of the business, and is key to success.
Starting your own healthcare practice or facility can be a daunting undertaking. While doing so can bring many benefits and reap huge rewards, perfect execution of the planning and start up is key to the short term and long term success of the new company. As a physician you might not know all the ins and outs of the business side of owning a practice, a healthcare management company can carefully guide you through the entire process to get you set up for success from the very beginning.
ASC (ambulatory surgical centers) are popping up all over America, and for good reason. What sets apart an ASC from a hospital and a private practice? An ASC falls somewhere between the two, combining the best of both worlds for both patient and doctor. While private practices are very limited to what they can do as far as in office procedures, and hospitals are costlier and might have more unnecessary regulations for what you’re trying to achieve within your specialty.
What is a micro hospital? First off we’ll note regulatory requirements are the same for all hospitals big or small, leaving no room for shortcuts on compliance from a micro hospital. Logistically micro hospitals have anywhere from 3-25 patient beds, where a larger hospital has anywhere from 100-500+ beds. Micro-hospitals are leaving a smaller footprint at about 25,000-75,000 square feet, whereas a larger hospital ranges from 300,000+ square feet. Just as a larger hospital, a micro hospital is also required to operate a 24-hour emergency room department, in house labs, imaging, pharmacy, operating rooms, and inpatient rooms.