Before you dismiss telemedicine as an unnecessary complication and investment for your business, consider the changes in technology, customer preference, trend toward value-based care, and aging population.
For many businesses, telemedicine is a way to increase patient care options, raise the quality of care, increase reimbursements, and grow business.
Interested? Then let’s take a look at why telemedicine might be right for your practice.
As physician revenues decline, and medical practices are feeling the pressure of the shift to value-based payment, more physicians are choosing to add ancillary services to their practices to boost revenue. Ancillary services are healthcare services provided by a clinician that are in addition to or complementary to basic medical or surgical services. Examples include medication dispensing, radiography, weight-loss services, in-office diagnostic testing, nutrition counseling, alternative treatments, such as acupuncture and massage, physical therapy, immunotherapy, mental health counseling, urgent care, cosmetic (“med spa”) services, and many more.
Healthcare reform and the shift from fee-for-service to value-based reimbursement has brought a host of new complexities to the day-to-day practice of medicine. As a result, more and more physicians are choosing to be employed by a hospital or health system, rather than owning and running their own practice.
While physician employment is not a new concept, the relationship between employed physicians and their employers is shifting as the model for healthcare reimbursement shifts. Employers not only expect their physician employees to meet or exceed RVU (“Relative Value Unit”) production goals, but also to move the needle on certain quality metrics that reflect the overall health of the patient population. This new paradigm creates unique challenges and risks for employed physicians, and is all the more reason for physicians considering employment to pay close attention to what their employment contracts actually require of them.
In the latest article in Diagnostic Imaging, NLG Partner Rebecca E. Gwilt offers advice on how medical practices can manage vendor relations. Read the full article here: http://www.diagnosticimaging.com/partnerships/how-be-efficient-vendor-relations
Healthcare providers in today's environment are dependent upon health information technology like electronic health records, cloud-based billing and practice management solutions, and mobile devices like laptops and iPads to run their practices. The reliability and security of this technology is key to both operations and compliance. However, physicians aren't IT professionals, and practice managers are security specialists. So how do they manage compliance risks without cutting into resources needed to provide patient care? On Tuesday, April 26, 2016, Rebecca E. Gwilt, Esq. and Joan Kassell, MLIS, CPIA will meet with Virginia practitioners to discuss what the data shows are the most common sources of health data breaches and OCR settlements. The data reveals that there are a few simple steps any physician can take to protect their practice and patients and to begin to build a robust compliance program. Topics will include (1) realistic threats to healthcare practices, (2) breaches in the real world and what they tell us, and (3) reducing the likelihood a breach will bury your practice.