Trans4mind Home Page
~ A Journey of Self-Discovery ~

The Affordable Care Act Won't Be Changing Soon:
How to Improve Practice Revenue

The Affordable Care Act (ACA) has stirred up a bit of controversy in the medical field since being passed in 2010, with many physicians complaining that the regulations are too stringent and favor larger organizations over smaller private practices. A few years ago, many healthcare professionals were looking forward to the possibility of the law being repealed, but since that hasn't yet happened, it appears the ACA won't be going away any time soon. With that said, here are four tips that can help healthcare providers increase practice revenue in a post-ACA environment:

1. Pay Closer Attention to the EHR and Medical Billing Systems
The accuracy and efficacy of the entire revenue cycle will depend on how proficiently the practice utilizes the Electronic Health Record (EHR) system and their chosen medical billing and coding systems. For this reason, it's imperative to conduct a thorough comparison to select the best EHR software. Providers should look for solutions that include sufficient training and ongoing support. Since these systems are the primary interfaces used to manage claims, reimbursements, and other aspects of the revenue cycle, starting with this aspect of the challenge is the best way to build a strong foundation from the ground up.

2. Focus on Patient Education and Offer Payment Plans
Oftentimes patients will be more receptive to making out-of-the-pocket payments if they understand how the billing cycle works and are more aware of their payment options. Likewise, self-pay patients are usually more inclined to make payments when a reasonable payment plan is in place, especially when compared to the alternative of having to make the entire payment in a lump sum.

3. Market Services to Low-Income and Medicaid Eligible Groups
One of the bright sides of the ACA is that it opened up a range of services to low income patients and Medicaid-eligible groups who previously would have gone without treatment. Thus, there's an opportunity for practices to market the availability of services to those groups in an effort to leverage and capitalize on what appears to be the biggest advantage of the ACA in terms of physician revenue. There have been many practices that have attracted a significant amount of new patients by marketing services to the groups that benefited most from the ACA.

4. Partnering with Larger Organizations
Even before the ACA started having an impact on physician income there were many hospitals buying up and affiliating with private practices. The smaller providers who haven't yet teamed up with larger entities have found themselves being made relatively obsolete due to a lack of referrals when compared to their nearest competitors who have associated themselves with local hospitals and clinics.

Understanding the Revenue Cycle
Many conventional physicians have struggled to adapt to the new regulations and electronic systems that have become practically mandatory in the modern healthcare practice. The revenue cycle itself is complicated enough to justify the existence of entirely separate fields of study in medical coding, billing, documentation, and compliance. As such, many providers have enlisted the services of compliance specialists and coding auditors to ensure that their practice has a firm grasp on the procedures involved in maintaining an effective and lucrative revenue cycle.

Healthy Balance
More personal development articles at the Counterpoint Article Library

From our extensive site, you'll find good info on many topics using this search:

Support your personal development with these popular and effective hypnosis downloads...

  • Sweet Tooth ~ Train your brain to lose your sweet tooth.
  • Finish What You Start ~ Sprint all the way past the finish line.
  • Do It Now ~ A hypnosis audio to trigger deep, emotionally driven activity.
  • Life Priorities ~ Hypnosis can help you clarify what really matters to you.
  • Stop Thinking About Someone ~ A session to help you move on from thoughts that have been constantly pestering you.
  • Public Speaking Fear ~ Banish speaking anxiety and nerves with hypnosis.
  • Motivate Yourself to Exercise ~ Build a powerful exercise habit that you can't break.
  • Get Rid of Fear & Anxiety ~ Stop worry and apprehension wrecking your life.
  • Self Esteem ~ Break the negative trance of low self esteem and give yourself a chance in life.
  • Create Your Own Reality ~ Use the power of your unconscious mind to transform your life.
  • Deeper Self Respect ~ Use hypnosis to connect with your true inner worth.
  • Detach From Fear ~ Tune out nervousness and anxiety with hypnosis.
  • Improving Concentration and Focus ~ Learn how to discipline, direct and command your mind to improve your performance.
  • Exercise Motivation ~ Give you powerful keys to getting back on track with your exercise - and staying there.
  • Overcoming Shyness ~ Provides an invisible security blanket allowing you to develop social ease and overcome shyness.
  • Quick Confidence Booster ~ An audio hypnosis session that's specifically designed to get you (quickly!) back on track.
  • Stop Negative Thoughts ~ Learn powerful hypnotic techniques to stop negative thoughts before they start.
  • Overcoming Procrastination ~ Let hypnosis help you get on with what you need to do, when you need to do it. Let nothing hold you back.
  • Think Thin ~ Use hypnosis to re-train your brain and lose weight naturally... that's how to get and stay slim.
  • Fall Asleep Fast ~ Relearn how to fall asleep fast and enjoy a good night's sleep.
  • The Next Level ~ Designed to radically boost your performance in any field. It's based on a technique used by top athletes and other successful people to help them make a big stride forward.
This is our selection of favorites, but there's a session for every need! Choose from over 800 Hypnosis Downloads...
Search now on an issue that interests or concerns you...

View all the Hypnosis Downloads here

Get a free Hypnosis Download at Facebook

Hypnosis is the key to unlocking your creativity, focusing your energy and understanding yourself

Hypnosis has a long history of helping human beings be the very best they can be. It can be used to control anything controlled by the unconscious mind - pain, blood pressure, fear, confidence levels, mood, sex drive... the list goes on:

  1. You'll become highly productive without getting stressed
  2. Tap into your creative energies instantly
  3. Really understand yourself and others
  4. You'll learn how to stay calm in high pressure or uncomfortable situations
  5. Develop laser-like levels of focus and concentration

Lean more... Uncommon Hypnosis Course

Copyright © 1997-2017 Trans4mind Ltd