Pediatricians face challenges unlike any other specialists - from helping patients too young to articulate issues to factoring parents' wishes into care plans - and must constantly balance the clinical aspects of caring for our smallest patients with the need to stay afloat in an environment that is making it increasingly hard to do so.
Mounting industry pressures like escalating costs, a deteriorating payer mix, the transition to ICD-10, and rising administrative burdens are cutting into the time pediatricians can dedicate to patient care and causing significant physician burnout. Unsurprisingly, in the CareCloud/QuantiaMD 2013 Practice Profitability Index, almost one third of pediatricians said they expect their practice's profitability to trend "somewhat negatively" or "very negatively" over the next year.
As pediatricians look for ways to gain footing, taking steps like adopting new technologies or replacing legacy systems is key to reducing administrative burdens, freeing up more time for patients, and improving financial results. In "5 Tech Trends Driving Pediatric Practices," you'll learn about five critical technologies that help pediatricians run their practices more efficiently, profitably and enjoyably.
Company: CareCloud
Website: www.CareCloud.com
Phone: 1-877-342-7517
Email: hello@carecloud.com
" >
Â
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
How AI billing delivers precision, compliance, and savings
November 26th 2024For healthcare providers, executives, and decision-makers, embracing AI in claims processing is not just a step toward improved financial outcomes—it’s an ethical commitment to better care and a more patient-centered approach to service delivery.