Most dread the task of budgeting for the upcoming year. There is never enough money, and with the increase in regulations, it won’t change in the near future. However, setting a budget and sticking to it is the most important step for ensuring financial viability. Regardless of the size of your practice, there are several areas in which physicians should invest.
Everyone likes to win. Be it business or sports. Winning is a unique and exhilarating feeling. It gives us an exciting sense of accomplishment, knowing that we performed excellently based on our expectations.
The word mHealth refers to all mobile devices and applications that give an individual the ability to connect to the different constituencies in the healthcare system. The ability to transfer selected patient health attributes to provider networks is a very important component of the current mHealth solutions. This network comprises of physicians, nurse practitioners and case workers who use the information to identify red flags in patient behaviour which can prompt the providers to take steps to manage a potential medical issue before it worsens. This results in a huge improvement of patient health and decrease in costs.
In a country with 50 different states and almost 10 times as many healthcare markets, every market is shaped uniquely according to the characteristics and conditions in the local area. Healthcare is undergoing a change in markets all over the country, but at varying rates.