Tag Archives: technology

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Outdated management software and organizational practices can make even the most basic processes lengthy and time consuming.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. 

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. 

Understanding the Management of ChargeMaster

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When you are running a business, revenue management is one of the most critical aspects that must be performed efficiently. You want to make sure you are meeting your profit targets and that customers are being charged appropriately. There are a lot of moving parts with every transaction, and it can be challenging to keep up with everything at times. With this said, technology assists business owners in the revenue management department, and this is especially true for hospitals. Hospitals are responsible for so many different types of procedures, check-ups, and emergencies. Since these are usually chaotic environments, anything that can assist with the mundane work of revenue management is of great assistance. Most hospitals, nowadays are equipped with chargemaster management to make this process much more comfortable than it was before. One can only imagine how difficult managing this aspect of a hospital was before the advent of the internet.

Why Chargemaster?

For those familiar with the practice of accounting, you understand the importance of having an easily identifiable chart of accounts. Each transaction within the business is journalized accurately based on a designated account title and filed away. When tax seasons come around, taxes are easy to complete because everything is outlined already. However, hospital revenue management is much more complicated than the average business. A typical company only sells a handful of different products, and this chart of accounts can be created in one day. With a hospital, there are so many kinds of medical equipment, medicine, and other tools that need to be assigned to patient bills. Fortunately, chargemaster allows physicians to easily bill patients based on information that is inputted into these systems. Since hospitals are not allowed to overbill patients, it is essential to use automated systems at this time. While mistakes can still happen, chargemaster reduces them significantly.

A Short Story About Pipes and Fittings

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Did you know that back in the day, pipes and connectors were handmade? Before the Industrial Revolution led to mass production, pretty much everything was handmade. Naturally, this resulted in pipes and fittings that weren’t held to one standard.

The Birth of Standardized Pipe Measurements

However, mass production of pipes and related hardware brought about positive changes. Based on the need to know how much product could flow through pipes, standard measurements were based on the inside diameter. Of course, knowing whether pipes could be connected was also essential, so an outside diameter measurement standard was also necessary. Additionally, piping workers were interested in the thickness of the pipe walls. Along the way, common fittings were labeled according to the standardized pipes they would fit.

Modern Confusion and Questions

But wait?! Why are there so many issues regarding modern pipes? For a clear answer, consider aerospace fittings? Today, buying pipes and their appropriate fittings is much more complicated than matching a ½” pipe to a ½” fitting. Modern purchases require knowledge of categories of pipe, piping materials, purposes of the pipes, and more.

More Progress Brings New Considerations

Consider the importance of aerospace fittings. You may not give much thought to the pipes and fittings running throughout an airplane when you’re traveling to a much-awaited vacation. If the connections between those pipes weren’t secure, you’d quickly realize the consequences. Modern technology and many advancements have led to many categories of standards.

Materials, Purposes, Contents …

The purchase of pipes and related hardware does require a lot of specific knowledge, not just about the connections, but also about the materials running through the pipes, the forces and environment that pipes are exposed to, and how well piping materials can withstand those exposures. It can be frustrating to study copper tubing size (CTS) one day and to learn iron pipe size (IPS) the next, but each specialized measurement standard is the result of progress.

The next time you’re tempted to curse the differences between CTS and IPS standards, and you can’t find your fittings chart, remember how far the piping industry has come. Who knows what the next fifty years will bring?