According to a new joint study by the RAND Corporation and the American Medical Association, physician payment models are becoming more complex and the pace of change is increasing, creating challenges for physician practices that might hamper their ability to improve the quality and efficiency of care despite their willingness to change.The study is a follow-up to a similar one conducted in 2014 to assess how physician practices were responding to alternative payment models. These models are
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Physician Practices
Kareo Raises $55M to Expand Small Physician Practice EHR
Kareo, a cloud-based EHR provider for independent medical practices has closed $55.4 million in additional funding led by Montreux Equity Partners with participation from Silver Lake Partners and all of Kareo’s existing investors. This capital will finance the continued development of Kareo’s product line—which enables physicians to manage all major aspects of their practice—as well as expand the company’s market share. Montreux joins Kareo’s top-tier institutional investors, which
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Cleveland Clinic Innovations Launches Store to Sell Digital Health Products
Cleveland Clinic Innovations — the healthcare provider business development arm — quietly launched ADEO, an e-commerce company designed to sell digital health care products directly to hospitals, physician practices and patients last October.
The store currently has 13 products available in the store, which is described as the "first online marketplaces for medical innovations.” The name “ADEO” comes from the Latin phrase meaning “to go forward.”
The service is an outgrowth of the Global
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6 Advantages of Using a Cloud-Based EHR System for Physician Practices
Kal Patel, COO at Meditab breaks down six benefits of using a cloud-based EHR system to lower toal cost of ownership (TCO), accelerate implementation timelines, improve accessibility and reduce hardware requirements for physician practices.
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Video: Dr. Oz Talks Technology Challenges in Physician Practices
Mehmet Oz, MD, host of TV's Dr. Oz Show and a heart surgeon at New York Presbyterian Hospital, shares his views on current business and technology challenges facing small physician practices. One of the key gaps Dr. Oz highlights is the lack of a repository of trusted health information and the importance of collecting information prior to the patient's visit to enhance the patient care.
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When Purchasing An EMR Goes Wrong
Wall Street Journal recently posted an article about Dr. Hammond from the Westminster Medical Clinic in Denver – a 3 provider, 22 staff member, 6,300 patient family practice clinic struggling to stay afloat. They are faced with a myriad of financial issues including lack of reimbursement under traditional insurance contracts. To showcase the financial severity of his practice, Wall Street Journal provided the following snapshot:
CLICK ON IMAGE TO ENLARGE
One of the largest causes of
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7 Tips to Get Physicians On Board with ICD-10
Written by Deborah Robb, BSHA, CPC, Physician Management Consultant for TrustHCS:
The American Medical Association, not satisfied with HHS’s push-back of the ICD-10 deadline to October 1, 2014, has protested again. Perhaps one of the reasons for their continued dissent is lack of guidance and support.
While much has been published about the implementation of ICD-10 for hospitals,
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