4 Reasons You Should Streamline Your Medical Office Processes

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Outdated management software and organizational practices can make even the most basic processes lengthy and time consuming. Taking steps to streamline your medical office will provide numerous benefits. Once you realize them, you will wonder why you resisted so long before embracing new technology and procedures. 

1. Improved Revenue Tracking

Whether people like to admit it or not, medical offices are just like other businesses. They need to generate more money in revenue than they spend on expenses. It sounds simple enough, but if you aren’t focusing on it you can quickly lose sight of what aspects of your practice are profitable and which ones aren’t. Streamline revenue cycle management steps will give you a clearer picture of your practice’s finances. 

2. A Better Patient Experience 

You want patients to be happy with the level of care and service they receive in your office. Less paperwork, quicker notification of results and easier appointment schedule associated with streamlines management can all boost the patient experience. That will help you retain current patients as well as attract new ones through referrals. 

3. More Efficient Use of Time

Improved management gives you back the time that is otherwise lost to mundane tasks. Instead of scrambling to get everything done by the end of the day, you can relax knowing that it has all been handled already. Not only that, but it can also give you more time to spend with your patients – a luxury for many health care providers. 

4. Reduced Redundant Processes 

Between working with other care providers and dealing with insurance companies, you may have to fill the same request several times. Automation and computerized records eliminate redundancy and allow you to handle multiple tasks simultaneously. 

As a  doctor, you know there are no miracle pills that fix everything immediately. Streamlined practices aren’t a wonder cure. They do offer many benefits that can help you improve efficiency and accuracy, give you more time with patients and increase their satisfaction with your practice. 

Hiring a CPA for Your Taxes

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Certified Public Accountants (CPAs) are hired by businesses, governments, organizations or individuals to help provide meaningful advice for your finances as well as plan financial strategies and prepare taxes every year. They are an integral part of the flow of everyday businesses and also could be what keeps the IRS off of your back. Hiring someone who is part of the United CPA Association to help you or your business with your finances and tax preparation could help you determine the correct path for safe financial strategies.

CPAs are hired by you to help you with what you need, no questions asked. Confide in their expertise and ask them to help you put together a plan of action to be sure to accomplish certain objectives in your financial life. Additionally, be sure to provide them with added information and support when they begin to prepare your taxes. As you live your life and new events call for additional planning, such as an arrival of a new child or planning a retirement fund, keep in touch with your CPA so they can help guide you on what you need to do.

If you are in need of financial help, consider approaching a CPA. You could benefit a lot more if you do.

3 Ways Nonprofits Can Work Smarter, Not Harder

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Nonprofits often compete for funding through private and government funds. As a result, they are often trying to do more with less. Sometimes, though, efficiency is lost for the sake of expense, which can end up having the opposite effect. Here are three things nonprofits can do to gain potential efficiency and save money down the road. 

1. Invest in Technology

Technology and hardware are considered expensive investments, but these are often offset by the added efficiency gains. One example is accufund nonprofit accounting software and another is a good customer relationship management tool. SaaS solutions offer cloud-based options that streamline processes and create ease of use for employees. 

2. Engage in Strategic Planning

Smaller nonprofits, especially those in ministry, can sometimes have passionate hearts but lack business acumen. Starting off your nonprofit or your fiscal year with a solid strategic plan lays the groundwork for the year(s) ahead. The process sets vision, attaches goals to the vision and assigns ownership to parties, which then forms the basis for ongoing meetings and check-ins throughout the year. Set the focus right from the start and ensure you and your team are all headed toward a shared goal.

3. Enlist the Right Board Members

Nonprofits live or die, as do many businesses, as a result of their leadership. The type of board, and the members comprising the board, is vital to the health of the organization overall. Do not cut corners on board member recruitment or development. Identify the any gaps you have in skillset or leadership style and be intentional about filling the gap with the right person. The ideal person will have the skills you seek and share your passion for the cause.

Nonprofit work does not have to be antiquated and inefficient. Working smarter, not harder, may require some upfront cost and time, but it can yield greater returns on the investment. Technology investments, strategic planning, and board development are all important factors in nonprofit success. 

Create a Superior Workforce by Managing Employee Talent

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You spent the time to hire and cultivate the talent in your company, but are you getting the most out of your talent? When employees don’t feel valued for what they can do for your company, they may be more inclined to seek a job elsewhere. However, if you can capitalize on that talent, your business can thrive and the employee benefits.

Talent Management

Use the company’s goals, mission, values and vision to strategically handle the talent within the organization. Using talent managers like Eyal Gutentag can help your business capitalize on the talent it already has and find new talent to grow the company. Talent managers help promote career development and promotional opportunities, create job descriptions to hire the right people from the start, conduct planning discussions for performance development and negotiate standards, measures and outcomes for performance standards.

Right Hires

Hiring the right people for the job from the start saves your company time and money. That process starts with knowing what each job entails and crafting a job description that accurately reflects that. When the right people interview for the job, the position is most likely to be filled with someone who has the right personality and skills to match the organization’s culture. The person who already has the skills can onboard faster and take advantage of learning opportunities to grow within the company.

Supportive Research

The American Society for Training and Development has found that most company’s don’t effectively use talent management despite the fact that many high performing organizations do use components of talent management. Integrating talent management into the corporate structure can help the company more effectively find, cultivate and grow talent. Employees and the company benefit from a company culture open to improvement and growth. An executive team that works with the talent manager is the most effective approach.

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