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.
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.
Managing expenses and cost-cutting, are two vital arts for any business. With the ICD-10 on its way, things could be difficult. Just setting aside reserves are getting credit, wouldn’t be enough. There will be additional expenses after the arrival of ICD-10, not to mention losses in revenue for up to 3 months. It is time for you to assess your business and come up with ways to cope up with that. Following are some ways which can help you achieve just that.
Unmanned Aerial Vehicles (UAVs), also called drones, are not science fiction anymore. UAVs are extensively used in countless fields. Currently, it’s the retailers that are exploring the applications of UAVs. They hope to use the technology to deliver packages at record speed. However, there is another field which could immensely benefit from UAVs – medicine.