On-boarding a new physician is definitely an investment. If the process goes wrong, the cost to recruit a new physician can cost between $25,000 and $50,000 (compounded by the loss of revenue while the position is empty).
Read MoreMedical billing and coding are prominent issues in the healthcare industry. Physicians lose about $125 billion annually as a result of poor billing practices. Two major factors, billing errors and failure to stay updated on medical billing rules, are responsible for a loss in physician profits.
Read MoreThe big question in the healthcare industry is how to cater to the Facebook generation, the generation with digital communication constantly at their fingertips. Digital healthcare has lagged behind and there are several barriers keeping it from becoming commonplace.
Read MoreHealthcare Consumers in the U.S. may need a whole lot more patience coping with highly erroneous insurance claims as well as denied health services amidst new ICD-10 codes. At least one analysis said that 1 in 4 of U.S. practices aren’t ready for the ICD-10 transition.
Read MoreAccording to U.S. data from 2005-2013, minorities and the unemployed spend more time traveling to and waiting for medical care. The researchers used survey responses from almost 4,000 adults as well as a separate survey of 150,000 office-based doctor visits between 2006 and 2010. Patients spent an average of 86 minutes in the clinic and 38 minutes travel time.
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